CARV explodes 79% as top crypto exchanges list token

CARV, a modular data layer for gaming and AI, has seen the price of its native token rise sharply in the last 24 hours.

The CARV platform launched its token on October 10, revealing that eight top crypto exchanges have listed its token. According to a post on X, Bybit, Bitget, KuCoin, HTX, and MEXC are among the top exchanges offering trading support.

In the hours following the token’s launch, CARV’s price rose rapidly, rising from a post-launch low of $0.26 to over $0.61. These gains come at a time when Bitcoin (BTC), Ethereum (ETH) and other leading cryptocurrencies are struggling to rise. However, Uniswap (UNI) rose on the news from the Uniswap Labs team.

Although the token pared some of its gains, its current price of $0.49 reflects more than 79% intraday gains. While the daily transaction volume was over 22.2 million dollars, the market value reached 62 million dollars.

What is CARV?

CARV is a decentralized physical infrastructure network platform aiming for dominance in the data privacy and modular identity market. Key sectors targeted include gaming, artificial intelligence and data monetization.

The project gained traction in the market by integrating with numerous gaming and AI startups. It also received investment support from venture capital companies such as Animoca Brands, OKX Ventures, Tribe Capital and Vertex Ventures.

CARV raised $10 million in a Series A round from leading VC firms, with funding co-led by IOSG Ventures and Tribe Capital. ConsenSys, HashKey Capital and Fenbushi Capital also participated.

CARV’s gaming ecosystem includes the win-win mini-game Banana. BANANA is the first TON ecosystem game powered by CARV.

Meanwhile, gaming partners include SHRAPNEL, Off The Grid, Pixelmon, Illuvium and The Sandbox. Crypto ecosystem partners include BNB Chain, ZKsync, Ronin Network, Solana and Polygon.