ChainThink report, March 12: Decentralized exchange Grvt today announced that its $GRVT token generation event (TGE) is expected to launch shortly after the end of Q2, with the Q2 activity window closing on June 30, 2026.

In terms of token allocation, the total supply of $GRVT is fixed at 1 billion tokens. Of this, 28% will be distributed via community airdrop at TGE to platform users and ecosystem participants, representing a 6% increase from the previous plan of 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 within the Grvt ecosystem. Holders of this token will unlock multiple platform benefits, including reduced trading fees, higher margin efficiency, and priority access to investment vaults.

On platform metrics, since the start of Q2, TVL has surged 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 product development, the native Layer 1 yield feature integrated with Aave is set to launch soon; spot trading is expected to go live by the end of April 2026. Meanwhile, institutional and retail liquidity partnerships are advancing in parallel. After listing, $GRVT will be prioritized for trading on Grvt’s native spot market, while also pursuing listings on top centralized exchanges.