On March 12, decentralized exchange Grvt announced that its Token Generation Event (TGE) is expected to launch shortly after the end of the second quarter, with the second quarter event window ending on June 30, 2026.
Regarding token distribution, the total supply of $GRVT is fixed at 1 billion. Of this, 28% will be distributed through a community airdrop during TGE, targeting platform users and ecosystem participants, a 6% increase from the previous plan of 22%. Within this community airdrop, the share for the second quarter has been increased from 12% to 18%, further incentivizing user participation in platform transactions and ecosystem activities.
$GRVT will serve as the utility token for the Grvt ecosystem. Holders of this token will unlock various platform benefits, including lower transaction fees, higher margin efficiency, and priority access to the investment vault.
In terms of platform data, since the start of the second quarter, TVL has grown by 847% to US$107.1 million, open interest has expanded 42 times to US$484.1 million, cumulative trading volume (one-sided) has reached US$197 billion, and monthly active users have exceeded 10,000.
At the product level, Aave's integrated native Layer 1 yield functionality is about to launch; spot trading is expected to open before the end of April 2026. Meanwhile, cooperation with institutional and retail liquidity providers is progressing simultaneously. After $GRVT is listed, it will be traded primarily on Grvt's proprietary spot market, with plans to list on leading centralized exchanges also underway.
