GRVT, a hybrid crypto derivatives exchange that blends on-chain transaction settlement with centralized exchange trading features, officially entered the Token Generation Event (TGE) phase for its GRVT token on July 21, 2026. This milestone marks a significant moment for the platform built on a ZKsync-powered zero-knowledge application chain, while also concluding its Season 2 rewards program that ended on June 30, 2026.
Community Allocation Raised to 28%
What makes this launch particularly noteworthy is not just the timing, but the GRVT team’s decision to increase the community allocation from 22% to 28% of the total token supply, which is capped at 1 billion tokens. This increase was driven by expanding the Season 2 allocation itself, from an initial 12% to 18% of the total supply.
The decision to raise the community share ahead of the TGE is relatively rare in the industry, as most projects tend to withhold or cut community allocations to preserve larger shares for the team and investors. GRVT’s move can be seen as an effort to maintain the loyalty of active traders who have driven the platform’s growth.
Platform Growth Behind the Decision
According to data published by GRVT, the platform’s total value locked (TVL) surged from $11.3 million at the start of Season 2 to $107.1 million, while open interest jumped from $11.6 million to $484.1 million. Cumulative two-way trading volume reportedly surpassed $393 billion, with January 2026 monthly volume alone reaching $51.6 billion, a 68 percent increase compared to October 2025.
The number of monthly active traders also reportedly exceeded 10,000 accounts. This rapid growth follows GRVT securing a $19 million Series A funding round in late 2025, backed by an Abu Dhabi-backed venture capital firm.
Once the TGE is complete, the GRVT token is scheduled to trade directly on GRVT’s own spot market before the team pursues listings on top-tier centralized exchanges. In an increasingly crowded on-chain derivatives exchange ecosystem, the decision to boost the community allocation signals that GRVT is choosing to bet on the loyalty of its user base rather than simply chasing instant liquidity from institutional investors.
Reported by The Block.
Disclaimer: This article is for informational and educational purposes only, not financial advice. Cryptocurrency assets are highly volatile and carry significant risk. Always do your own research (DYOR) and never invest more than you can afford to lose.
