Is Trove's funding buzz surprising? Actually, not at all. The project just surpassed $7M+ in committed funds during the ICO phase, nearly three times the initial $2.5M target. Why is it so popular? Mainly because the product truly has highlights—being the first perpetual DEX supporting collectibles, RWAs, equities, and prediction markets, it has taken a different path from the start. During the testnet phase, it accumulated over $1B in trading volume, attracting 24k users in the first month, a speed that is indeed uncommon for new projects. The product, data, and user engagement are all quite solid.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
10 Likes
Reward
10
5
Repost
Share
Comment
0/400
AirdropHunterXiao
· 13h ago
NGL, Trove's funding data is a bit crazy, $7M directly three times over the target... The testnet has $1B in trading volume, is this real or fake?
View OriginalReply0
AltcoinMarathoner
· 13h ago
ngl, $7m vs $2.5m target is basically that mile 20 moment where you realize the legs are still there. trove's doing the endurance thing right — $1b testnet volume isn't noise, it's ecosystem momentum talking. most projects just hype, this one's got actual adoption curve backing it up.
Reply0
GateUser-bd883c58
· 13h ago
7M capital raised still isn't enough, this speed is indeed a bit crazy...
View OriginalReply0
SigmaBrain
· 13h ago
7M funding surpasses three times the target. How to say this? The number indeed looks impressive. But honestly, projects backed by solid products are just different—$1B in trading volume sitting right there, 24K users in the first month. This is not just hype.
View OriginalReply0
PseudoIntellectual
· 13h ago
7M funding target tripled? Alright, this time there’s actually something to it.
---
Perpetual DEX selling collectibles and RWA? That’s quite a bold idea, we’ll see if they can really roll it out later.
---
Testnet with 1B trading volume + 24k monthly active users, the data is indeed impressive, just worried that the hype might fade after launch.
---
The threefold funding target... is it really driven by demand or just another wave of hype? Let’s wait and see after the launch.
---
By the way, a perpetual DEX supporting RWA is quite rare. If the product side is solid, we can keep an eye on it later.
---
24k users joined in the first month. If they can retain even half of this heat, it’s considered a success. The retention rate for new projects in the crypto space is usually just so-so.
Is Trove's funding buzz surprising? Actually, not at all. The project just surpassed $7M+ in committed funds during the ICO phase, nearly three times the initial $2.5M target. Why is it so popular? Mainly because the product truly has highlights—being the first perpetual DEX supporting collectibles, RWAs, equities, and prediction markets, it has taken a different path from the start. During the testnet phase, it accumulated over $1B in trading volume, attracting 24k users in the first month, a speed that is indeed uncommon for new projects. The product, data, and user engagement are all quite solid.