• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M
GRAVY logo

GRAVY

Total Users
- No data available.
Rewards
chest
chest
chest
chest
Volume
The fiat value of incoming dapp transactions over a period of time
- No data available.
Contract Balance
The total fiat value of assets in a dapp's smart contracts
- No data available.
Category
- No data available.
Blockchain
Conflux
Language
- No data available.
Official links
Social media

News

US Announces Creation of Strategic Bitcoin Reserve

chest
The US under Trump establishes a Strategic Bitcoin Reserve to influence global digital currency strategies.
user avatar

Giorgi Kostiuk

US Dollar Strength: How Recent Gains Affect Financial Markets

chest
Discover how the recent rise of the US dollar influences global financial markets and cryptocurrencies.
user avatar

Giorgi Kostiuk

Whales Accumulate 218,570 BTC Since March — Implications for the Market

chest
Analysis of Bitcoin accumulation by whales controlling 68.44% of supply and its potential market impact.
user avatar

Giorgi Kostiuk

What is GRAVY?

The GRAVY DeFi Project is the most innovative project in the DeFi space. GRAVY is a high frequency trading (HFT) arbitrage strategy implemented on the EOS mainnet that mines for profitable trades. In order for GRAVY to mine the EOS mainnet for arbitrage opportunities it uses CPU resources to monitor the mainnet. GRAVY is powered by miners who are rewarded with GRV which is the protocol token for GRAVY. The GRV token can earn staking rewards which are paid out in EOS from arbitrage trading profits.

How does GRAVY work? 

In the bitcoin network, miners secure the network by validating the network’s transactions. To ensure that the network is decentralized, miners engage in a consensus process where each miner competes to validate transaction blocks by solving computational puzzles. The higher the hash rate of the miner, the higher the chances of solving the mathematical puzzle and sealing off the block and collecting the bitcoin reward.  The hash rate is the number of calculations the hardware can perform per second.

In the same way, the higher GRAVY’s network hash rate, the higher its chances of finding successful trades to mine across the EOS mainnet. Bitcoin is designed so that the more decentralized it becomes, the stronger the network.

GRAVY possesses those same qualities as bitcoin, in that the more miners participate in GRAVY, the higher the GRAVY dominance of network arbitrage, which will lead to more revenue for GRV token holders as trading volume grows on EOS mainnet.

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.