GRVT Achieves $8 Billion Trading Volume and Partners with rhino.fi for Enhanced Cross-Chain Trading Experience

GRVT Crosses $8 Billion Trading Volume

In an exciting development for the decentralized finance (DeFi) space, GRVT—the world's first licensed on-chain exchange—has marked a significant milestone by reaching a total trading volume of $8 billion. This achievement underscores GRVT’s growth trajectory and the rising confidence of users in the platform. The announcement comes alongside a strategic partnership with rhino.fi, a leading liquidity network known for its intent-based solutions for seamless cross-chain activities.

The collaboration enables users to deposit and withdraw from GRVT directly using multiple blockchain networks, including Binance Smart Chain (BSC), Arbitrum, Solana, and TRON. This integration promises to expand and support more than 30 chains in the future, enhancing the trading experience by making it more accessible and frictionless for users.

Accelerated Growth Following Integration

Just a week after this integration's soft launch, transaction volumes soared to 500,000, demonstrating an enthusiastic response from the trading community. This trend is expected to continue, especially as more users become aware of the advantages offered by GRVT and rhino.fi. The increased engagement aligns with a broader surge in DeFi total value locked (TVL), which saw over $2.4 billion added to derivatives protocols over the past year.

According to DefiLlama, GRVT’s trading ecosystem has also experienced tighter average spreads since its Mainnet launch, which translates to improved liquidity and reduced slippage for traders. These enhancements are critical for ensuring that traders get more value out of their transactions, a point that GRVT emphasizes on its social media channels.

Visionary Comments from Leaders

In light of the announcement, Hong Yea, co-founder and CEO of GRVT, commented, "This partnership with rhino.fi represents a pivotal advancement towards achieving a seamless self-custodial trading environment on-chain. By allowing users to bridge their assets easily into GRVT from various blockchain networks, we are dismantling the technical challenges and accessibility issues that have historically hampered true DeFi adoption. The collaboration benefits both GRVT and rhino.fi communities by simplifying onboarding processes and broadening access to an efficient trading experience while ensuring user fund safety."

Dan Yanev, co-founder and CEO of rhino.fi, also shared insights, stating, "GRVT embodies the potential of application-specific blockchains, merging high performance with regulatory compliance. At rhino.fi, we're proud to facilitate the connection between GRVT and the broader DeFi ecosystem, allowing for swift, zero-slippage transfers."

Exciting Campaign Launching Soon

To encourage user engagement with this new cross-chain capability, GRVT and rhino.fi have planned a joint promotional campaign starting from June 23. The campaign will provide up to 12,000 USDT and 700,000 GRVT Points as incentives for users who bridge their assets into GRVT and trade during the promotion window. Full details of this exciting campaign will be shared on both platforms' social media channels.

Conclusion

The partnership between GRVT and rhino.fi heralds a new, integrative phase in the cryptocurrency trading landscape, paving the way for enhanced user experiences and a substantial boost in trading activities. As the DeFi ecosystem continues to evolve, such collaborations are vital for driving innovation and expanding access for users across the globe. Embracing these developments, GRVT aims to reaffirm its commitment to providing a trusted and efficient marketplace for all types of traders.

For more information, visit GRVT’s official website at grvt.io or rhino.fi’s website at rhino.fi. Follow their social media accounts for the latest updates and promotional details.

Disclaimer: Trading in cryptocurrencies, particularly perpetuals, entails a high degree of risk and potential price volatility. Users should exercise caution and seek relevant financial and legal advice before engaging in trading activities.