PrivX is an open-source decentralized exchange project built on Aleo, a privacy-focused blockchain. The project has active development on GitHub over the past 3 months, with regular code commits and updates demonstrating ongoing progress. 

As a DEX on Aleo, PrivX advances the Ethereum and Web3 ecosystem by expanding privacy-preserving decentralized trading capabilities. Leveraging Aleo's zero-knowledge proofs, PrivX enables anonymous and secure crypto trading without compromising privacy. This aligns with broader goals in Web3 and Ethereum to enable greater privacy and anonymity for users.

Beyond trading features, PrivX also proposes and adopts the ARC20 token standard on Aleo's testnet. This standard mirrors ERC20 on Ethereum and helps drive further adoption and development of the Aleo ecosystem. The adoption of ARC20 on Aleo testnet shows how PrivX directly contributes to expanding and advancing this aspect of Web3 infrastructure.

In summary, through its active open-source development, contributions to anonymous and private trading, and advancement of core Aleo/Web3 standards like ARC20, PrivX meets the eligibility criteria of being an open source project focused on developing and advancing the Ethereum and Web3 industry. We hope this clearly conveys how PrivX qualifies for consideration in this grant round.