19.09.2025 12:20

According to internet sources, Grvt, a decentralized exchange prioritizing user privacy, has secured $19 million in Series A funding. This financial boost, co-led by ZKsync, Further Ventures of Abu Dhabi, EigenCloud (formerly EigenLayer), and 500 Global, will fuel the development of a more confidential, reliable, and user-friendly on-chain finance ecosystem.

The driving force behind Grvt's mission is the growing concern surrounding on-chain privacy, which they believe will become increasingly important. With the rising influx of individuals and institutions engaging in blockchain-based transactions, the ability to protect sensitive data like trade details, balances, and order history has become paramount. Current public chains' inherent transparency exposes traders to potential risks such as front-running, manipulation, and theft.

Harnessing the power of zero-knowledge (ZK) technology, Grvt intends to address these vulnerabilities. By concealing sensitive information while ensuring the validity of transactions, Grvt's DEX aims to provide a secure and private trading experience. Grvt leverages the ZKsync Stack and a Validium L2 model, validating transactions without exposing private data on-chain. Although trade specifics remain confidential, mathematical proofs are posted to Ethereum, guaranteeing accuracy and security. Furthermore, by utilizing EigenDA, EigenCloud's data availability system, Grvt strives to resolve the longstanding conflict between data accessibility and privacy – a challenge that has plagued numerous privacy-focused projects.