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GRVT Raises $19 Million to Challenge Decentralized Perpetual Futures Leader Hyperliquid

GRVT Raises $19 Million to Challenge Decentralized Perpetual Futures Leader Hyperliquid

Hybrid decentralized exchange GRVT, built on ZKsync, announces it will disclose First Season airdrop ratios in three days, following a $19 million Series A funding round.

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Fact Check
Multiple reputable sources, including Forbes, Cryptorank, and Coinglass, corroborate that GRVT raised $19 million in a Series A round. The evidence consistently frames this funding as a strategic move to challenge Hyperliquid, which is described across sources as the current leader in the decentralized perpetual futures market. A single source with a lower funding figure appears to be outdated.
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Summary

GRVT, a hybrid decentralized exchange built on ZKsync, revealed that it will disclose its First Season airdrop ratios in three days. The announcement follows the exchange's successful $19 million Series A funding round co-led by ZKsync and Further Ventures. The funds aim to support GRVT's development of privacy infrastructure, stablecoin integrations, and yield-focused DeFi products.

Terms & Concepts
  • ZKsync: A layer-2 scaling solution for Ethereum that uses zero-knowledge rollups (ZK-rollups) to improve transaction throughput and reduce fees.
  • DeFi: Decentralized Finance, a blockchain-based form of finance that eliminates intermediaries by allowing people to interact through peer-to-peer financial services.