GRVT, a decentralized exchange (DEX) focused on privacy, has secured $19 million in a Series A funding round. The round was co-led by ZKsync, EigenLayer, and Further Ventures, with participation from 500 Global VC. This investment brings GRVT's total funding to $34 million.

The company aims to address the issue of transparent trading on existing decentralized exchanges, where user data such as position sizes and liquidation levels are publicly visible. By building on the ZKsync stack, GRVT intends to offer a more private and secure trading experience, which it believes is crucial for attracting mainstream and institutional adoption of on-chain finance.

This funding signals continued investor confidence in the growth of the ZK-powered DeFi ecosystem and the demand for privacy-preserving financial products. GRVT is positioning itself as a key player in unifying the fragmented on-chain market by providing a scalable and private trading solution.