{"id":"grvt","title":"GRVT","content":"**GRVT**, pronounced “Gravity,” is a hybrid [decentralized exchange](https://iq.wiki/wiki/decentralized-exchange) built on [ZKsync](https://iq.wiki/wiki/zksync). It combines offchain order matching with self-custodial settlement on a Validium-based [Layer 2](https://iq.wiki/wiki/layer-2). The platform launched a [mainnet](https://iq.wiki/wiki/mainnet) alpha in late 2024 and supports perpetual futures, spot and options markets.  [\\[1\\]](#cite-id-j0dFSWCjBX0Na0Za)  [\\[2\\]](#cite-id-bvcNJgGjOiuec23h)  [\\[3\\]](#cite-id-zU0ZwZV8TA4rmoxr) \n\n## Product History\n\nGRVT launched its [mainnet](https://iq.wiki/wiki/mainnet) alpha in late 2024 on [ZKsync](https://iq.wiki/wiki/zksync) and initially focused on perpetual futures trading. Reporting in 2025 described planned expansion into spot and options markets during 2026. By July 2026, The Block reported that spot markets were live.  [\\[3\\]](#cite-id-zU0ZwZV8TA4rmoxr) \n\nIn March 2026, [The Block ](https://iq.wiki/wiki/the-block)reported that GRVT’s platform-reported total value locked had reached 484.1 million and cumulative two-sided trading volume had exceeded $393 billion. The report also said the platform had more than 10,000 active traders in January 2026. [\\[11\\]](#cite-id-54cc6c15-1b8b-48ed-a0bb-919145cea526) \n\n## Technology and Features\n\nGRVT uses an offchain Central Limit Order Book (CLOB) for order matching and [smart contracts](https://iq.wiki/wiki/smart-contract) for settlement, custody and margin management on a [ZKsync](https://iq.wiki/wiki/zksync)-based Validium application chain. The Block reported that transaction batches are verified with zero-knowledge proofs anchored to Ethereum. Validium data availability relies on offchain storage, which should be distinguished from the settlement layer.  [\\[3\\]](#cite-id-zU0ZwZV8TA4rmoxr) \n\nGRVT describes a long-term product vision called \"Unified Margin\" or \"One Balance,\" enabling trading, yield generation, investment, and payments to be managed under a single account balance. This feature aims to enhance capital efficiency by allowing assets to multitask — serving as trading collateral while earning yield. ​\n\n## GRVT Tokenomics\n\nGRVT as a fixed-supply token with a maximum supply of 1,000,000,000 and no additional issuance planned. The company describes holding or staking the token as a way to access membership benefits such as reduced trading fees, enhanced yield tiers and priority access to new products. [\\[8\\]](#cite-id-bbd49b2f-a57f-4a6d-9738-1d28e598c5ab)  [\\[10\\]](#cite-id-7db1da85-ff37-4920-b4df-17d73aa26fc0) \n\nGRVT initially announced a July 21, 2026 Token Generation Event, but its latest official update moved the TGE to July 30, 2026. [\\[9\\]](#cite-id-6991f159-78b2-43bb-b4d7-5c9dc5115f9e)  [\\[10\\]](#cite-id-7db1da85-ff37-4920-b4df-17d73aa26fc0)  [\\[12\\]](#cite-id-9ea5a4cd-5355-4fb3-baca-cb12008b8f7a) \n\n## Funding\n\nThe Block reported that GRVT had raised approximately 2.2 million private token sale in March 2024. On September 18, 2025, GRVT announced a $19 million Series A co-led by [ZKsync](https://iq.wiki/wiki/zksync) and Further Ventures, with EigenCloud, formerly [EigenLayer](https://iq.wiki/wiki/eigenlayer), and 500 Global among the other leading backers. [\\[2\\]](#cite-id-bvcNJgGjOiuec23h)  [\\[5\\]](#cite-id-tKwaKe4HtgQqb3qP) \n\n## Founding Team\n\nGRVT was co-founded in 2022 by a team of three individuals:\n\n* [Hong Gyu Yea](https://iq.wiki/wiki/hong-gyu-yea) — Co-founder and CEO.\n* [Matthew Quek](https://iq.wiki/wiki/matthew-quek) — Co-founder; reported as CCO\n* [Aaron Ong](https://iq.wiki/wiki/aaron-ong) — Co-founder and CTO.\n\nThe co-founders have diverse backgrounds in finance, technology, and [blockchain](https://iq.wiki/wiki/blockchain) applications.","summary":"GRVT is a hybrid decentralized exchange on a ZKsync-based Validium Layer 2, combining offchain order matching with self-custodial, ZK-proven settlement for derivatives, spot markets and onchain financial products.","images":[{"id":"QmbihZfADYBnqYJodnhiaAhzavshVLfBCLYgakuGxeQpeH","type":"image/jpeg, image/png"}],"categories":[{"id":"exchanges-and-marketplaces","title":"Exchanges & 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utility\",\"timestamp\":1785280325137},{\"id\":\"6991f159-78b2-43bb-b4d7-5c9dc5115f9e\",\"url\":\"https://x.com/grvt_io/status/2078040560284344528\",\"description\":\"GRVT official X update moving the TGE to July 30, 2026\",\"timestamp\":1785430781807},{\"id\":\"7db1da85-ff37-4920-b4df-17d73aa26fc0\",\"url\":\"https://coinmarketcap.com/currencies/grvt/\",\"description\":\"CoinMarketCap — GRVT token profile, fixed supply, Ethereum contract and scheduled launch date\",\"timestamp\":1785430781807},{\"id\":\"54cc6c15-1b8b-48ed-a0bb-919145cea526\",\"url\":\"https://www.theblock.co/post/393389/hybrid-crypto-exchange-grvt-targets-post-june-token-launch-raises-community-allocation-to-28\",\"description\":\"The Block — March 2026 metrics, funding history and community allocation\",\"timestamp\":1785430781807},{\"id\":\"9ea5a4cd-5355-4fb3-baca-cb12008b8f7a\",\"url\":\"https://www.coingecko.com/en/coins/grvt\",\"description\":\"CoinGecko — GRVT token profile and current trading availability\",\"timestamp\":1785430781807},{\"id\":\"4a66ac62-1729-44e6-9cbf-58fa0ba5bab4\",\"url\":\"https://etherscan.io/token/0xad29f2723fcdbcf665f210f25e06f97477e417cf\",\"description\":\"Etherscan — GRVT ERC-20 token contract\",\"timestamp\":1785430781807},{\"id\":\"4ff75b81-c1fb-48c7-a455-0c2e2725fbfd\",\"url\":\"https://grvt.io/blog/grvt-2026-roadmap/\",\"description\":\"GRVT — 2026 product 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wiki content, renamed category exchanges-and-marketplaces to Exchanges & Marketplaces, updated 2 events, reduced refs 15->14\""},{"id":"previous_cid","value":"QmRrbzvbgRuWaZLG5FR2QMPJfs1xTMmBpCghiCNsdDYchQ"}],"events":[],"user":{"id":"0x8af7a19a26d8fbc48defb35aefb15ec8c407f889"},"author":{"id":"0x8AF7a19a26d8FBC48dEfB35AEfb15Ec8c407f889"},"operator":{"id":"0x1E23b34d3106F0C1c74D17f2Cd0F65cdb039b138"},"language":"en","version":1,"linkedWikis":{"blockchains":["zksync","ethereum"],"founders":["hong-gyu-yea","aaron-ong","matthew-quek"],"speakers":[]},"recentActivity":"{\"items\":[{\"id\":\"d7b40371-0a01-4920-afa6-e191428f9999\",\"title\":\"GRVT\",\"description\":\"GRVT is a hybrid decentralized exchange on zkSync Validium L2 that offers a CEX-like experience with self-custodial, zero-knowledge-proof security for perpetuals, spot, and options trading, and is co‑founded by Hong Yea and Matthew Quek with plans to 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[[7]](#cite-id-th2aEwYu4J7EFw4p)\"]},{\"title\":\"Metrics\",\"subtitle\":\"Metrics section rephrased; TVL mention removed and open interest introduced\",\"variant\":\"modified\",\"changeCount\":3,\"changes\":[\"Removed TVL figure 'TVL rising to 484.1 million' and replaced 'cumulative double‑sided trading volume' phrasing with an 'open interest of 393 billion (roughly $197 billion single‑sided)' for ~March 2026 [[4]](#cite-id-taW6UIihLDqnNdWY)\",\"Preserved May 2026 statement that GRVT had processed more than $300 billion in cumulative trading volume [[4]](#cite-id-taW6UIihLDqnNdWY)\",\"Preserved deposits figure 'as of the end of Season 2 (June 30, 2026): $439M in deposits' [[4]](#cite-id-taW6UIihLDqnNdWY)\"]},{\"title\":\"Note about partnerships (Centrifuge & Plume)\",\"subtitle\":\"Removed an unverified partnerships note\",\"variant\":\"removed\",\"changeCount\":1,\"changes\":[\"Removed note stating partnerships with Centrifuge and Plume were identified as 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[[6]](#cite-id-1ydAvUcvjmfrUsIR)\"]},{\"title\":\"Additional Information\",\"subtitle\":\"New section pointing to token profiles on market data sites\",\"variant\":\"added\",\"changeCount\":1,\"changes\":[\"Added 'Additional Information' section noting GRVT profiles on CoinMarketCap and CoinGecko\"]},{\"title\":\"Metadata (coinmarketcap_url)\",\"subtitle\":\"Added CoinMarketCap profile URL metadata\",\"variant\":\"added\",\"changeCount\":1,\"changes\":[\"Added metadata id 'coinmarketcap_url' with value 'https://coinmarketcap.com/currencies/grvt/'\"]},{\"title\":\"Metadata (coingecko_profile)\",\"subtitle\":\"Added CoinGecko profile URL metadata\",\"variant\":\"added\",\"changeCount\":1,\"changes\":[\"Added metadata id 'coingecko_profile' with value 'https://www.coingecko.com/en/coins/grvt/'\"]}]}]}"}