CARV, a modular data layer for gaming and artificial intelligence, has seen the price of its native token surge sharply in the past 24 hours.

The CARV platform launched its token on Oct. 10, revealing that eight top-tier crypto exchanges had 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 shot up, rising from post-launch lows of $0.26 to highs above $0.61. These gains came as Bitcoin (BTC), Ethereum (ETH) and other top coins struggled for upside. Uniswap (UNI), however, had surged on news from the Uniswap Labs team.

While the token has pared some of its gains, its current price of $0.49 reflects intraday gains of more than 79%. Daily trading volume stood at over $22.2 million, while the market cap reached $62 million.

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, AI, and data monetization.

The project has gained traction in the market, integrating with numerous games and AI startups. It has also attracted investment support from venture capital firms such as Animoca Brands, OKX Ventures, Tribe Capital, and Vertex Ventures.

CARV raised $10 million in a Series A round that attracted top 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 tap-to-earn mini-game Banana. BANANA is the first CARV-powered TON ecosystem game.

Meanwhile, game partners include SHRAPNEL, Off The Grid, Pixelmon, Illuvium and The Sandbox among others. Crypto ecosystem partners on the other hand include BNB Chain, ZKsync, Ronin Network, Solana and Polygon.