Decentralized exchange GRVT, pronounced as gravity, said it plans to launch its GRVT token shortly after June 30 and has increased the share of tokens earmarked for community rewards and airdrops ahead of the TGE.
“Launching GRVT at the right moment has always mattered more to us than launching fast,” co-founder and CEO Hong Yea told The Block. “We wanted the token to land on a platform that had already proven itself.”
GRVT operates a hybrid decentralized exchange built on a zero-knowledge application chain powered by ZKsync, combining onchain settlement with trading features typically associated with centralized platforms. The project hopes to position itself as a capital-efficient derivatives venue where traders can earn yield on posted collateral while remaining active in the market.
Activity on the platform has climbed sharply during the current incentive campaign, the team told The Block.
Total value locked increased from $11.3 million at the start of Season 2 to $107.1 million, according to the platform. Open interest rose from $11.6 million to $484.1 million over the same period, while cumulative trading volume reached $393 billion on a double-sided basis.
Monthly trading volumes have also grown, rising 68% since October to reach a record $51.6 billion in January 2026. The exchange said its active trader base surpassed 10,000 users during that month.
TGE and allocations
The privacy-focused DeFi protocol said its current incentive campaign, or Season 2, will conclude at the end of June, with the TGE expected to follow soon after. The token will initially trade on GRVT’s own spot market, while the team is pursuing listings on tier-one centralized exchanges.
Participants in the Season 2 program have until June 30 to accumulate points tied to the airdrop allocation before the current reward window closes.
As part of the launch plan, GRVT raised the total community allocation to 28% of the token’s fixed supply of 1 billion tokens. The portion specifically reserved for Season 2 participants increased to 18% from 12%, lifting the combined community and airdrop pool from the previously planned 22%.
The exchange stressed that the change expands the rewards pool for a growing user base while preserving allocations already earned by participants through its points-based incentive system.
Ahead of the token launch, GRVT plans to introduce additional product features, including native Layer 1 yield via integration with Aave, and spot trading is expected to go live by the end of April. The project said it is also securing liquidity partnerships with both institutional and retail market participants to support the token’s debut.
Before announcing the GRVT TGE, the DEX raised capital from several investors to build its hybrid exchange infrastructure. The platform secured $19 million in a Series A round in late 2025 and has previously attracted backing from investors, including an Abu Dhabi-supported venture capital firm.
© 2026 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
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