BlockBeats News, March 12th, Decentralized exchange platform Grvt announced today that its $GRVT token generation event (TGE) is expected to launch shortly after the end of the second quarter, with the second quarter activity window closing on June 30, 2026.
In terms of token distribution, the total supply of $GRVT is fixed at 1 billion tokens. Of these, 28% will be allocated through a community airdrop at the time of the TGE, targeting platform users and ecosystem participants, a 6% increase from the previous 22% plan. In this community airdrop segment, the second quarter allocation has been raised from 12% to 18%, further incentivizing user participation in platform trading and ecosystem activities.
$GRVT will serve as the utility token of the Grvt ecosystem. Users holding this token can unlock multiple platform benefits, including lower transaction fees, higher margin efficiency, and priority subscription rights to the investment treasury, among others.
In terms of platform data, since the start of the second quarter, TVL has grown by 847% to $1.071 billion, the open interest has increased 42 times to $4.841 billion, the cumulative trading volume (uni-directional) has reached $197 billion, and monthly active users have surpassed 10,000.
On the product side, the native Layer 1 yield feature integrated with Aave is set to launch soon; spot trading is expected to go live before the end of April 2026. Meanwhile, institutional and retail liquidity partnerships are progressing simultaneously. After $GRVT goes live, trading will first be open on Grvt’s own spot market, and listing plans on top-tier centralized exchanges will be advanced concurrently.
