ChainThink reports that on March 12, the decentralized exchange Grvt announced 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 concluding on June 30, 2026.
Regarding token allocation, the total supply of $GRVT is fixed at 1 billion tokens. Of this, 28% will be distributed at TGE via a community airdrop to platform users and ecosystem participants—an increase of 6% from the previously planned 22%. Within this community airdrop, the Q2 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. Holders of this token can unlock various platform benefits, including reduced trading fees, higher margin efficiency, and priority access to treasury investments.
On platform metrics, since the start of Q2, TVL has increased by 847% to $107.1 million, open interest has expanded 42-fold to $484.1 million, cumulative trading volume (one-sided) has reached $197 billion, and monthly active users have surpassed 10,000.
On the product level, Aave’s native Layer 1 yield feature is set to launch soon; spot trading is expected to open by the end of April 2026. Meanwhile, collaboration on institutional and retail liquidity is progressing in parallel. After $GRVT launches, trading will initially be available on Grvt’s own spot market, with simultaneous efforts underway to list on leading centralized exchanges.