# GRVT Open Beta Launches

**Published:** 2026-08-01T01:24:59.868Z  
**Topic:** GRVT Token  
**Sentiment:** neutral  
**Publisher:** TrendWatcher — https://www.trendwatcher.in/article/61fa12fc-997d-4d3c-bd52-53cdc7158abc

GRVT's Open Beta goes live with 600,000 TPS, offering exclusive rewards to early participants, 2.5 million waitlisted testers can now experience cutting-edge

GRVT, a hybrid cryptocurrency exchange, has launched its Open Beta Testnet today, allowing 2.5 million waitlisted testers to experience its cutting-edge features, including off-chain order matching and on-chain settlements at 600,000 transactions per second (TPS) [1]. This launch is significant as it blends the strengths of both centralized exchanges (CEXs) and decentralized exchanges (DEXs), empowering users with self-custody of their assets.

| At a glance | |
|---|---|
| TPS | 600,000 |
| Waitlisted Testers | 2.5 million |
| Rewards | 2.4 million $ZK tokens and 600,000 raffle tickets |
| Launch Date | August 5th, 2024 |

## What drove the move
The launch of GRVT's Open Beta is driven by its unique model, which combines the speed of off-chain processes with the security of on-chain settlements [2]. This approach is expected to transform trading and investment while upholding traditional security controls. GRVT's development is backed by Matter Labs, the creator of ZKsync, along with support from prominent industry partners and investors, including Delphi Ventures, Matrix Partners, Hack VC, and ABCDE Capital [3].

## The competitive picture
GRVT's launch is significant in the context of the cryptocurrency market, where users are looking for secure and efficient trading environments. The exchange's ability to offer self-custody of assets and off-chain order matching combined with on-chain settlements sets it apart from other exchanges [4]. The exclusive rewards offered to early participants, including 2.4 million $ZK tokens and 600,000 raffle tickets, are expected to attract a large number of users to the platform.

## What to watch
* The number of users who complete KYC verification and participate in the Open Beta Testnet
* The performance of GRVT's off-chain order matching and on-chain settlement system
* The announcement of Mainnet Day 1 and the details of the $ZK token claim process

The launch of GRVT's Open Beta is a significant development in the cryptocurrency market, offering a unique blend of security, efficiency, and self-custody. As the platform continues to develop and expand, it will be important to monitor its performance and the response of users to its cutting-edge features. The success of GRVT's Open Beta will depend on its ability to provide a secure and efficient trading environment, and its impact on the broader cryptocurrency market will be closely watched.

## Sources
1. Cryptoslate — [ZKsync-Powered GRVT’s Highly Anticipated Open Beta Goes Live Today | CryptoSlate](https://cryptoslate.com/press-releases/zksync-powered-grvts-highly-anticipated-open-beta-goes-live-today/)
2. Tradernews — [Highly anticipated GRVT Open Beta powered by ZKsync starts ...](https://tradernews.org/2024/08/05/highly-anticipated-grvt-open-beta-powered-by-zksync-starts-today/)
3. Financemagnates — [ZKsync-Powered GRVT’s Highly Anticipated Open Beta Goes Live Today](https://www.financemagnates.com/thought-leadership/zksync-powered-grvts-highly-anticipated-open-beta-goes-live-today/)
4. Sia — [ZKsync-Powered GRVT’s Highly Anticipated Open Beta Goes Live ...](https://sia.hackernoon.com/zksync-powered-grvts-highly-anticipated-open-beta-goes-live-today)

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Cite as: TrendWatcher, "GRVT Open Beta Launches", https://www.trendwatcher.in/article/61fa12fc-997d-4d3c-bd52-53cdc7158abc