what's grvt?
Grvt is a hybrid decentralized exchange (DEX) built on ZKsync, combining centralized exchange (CEX) features with self-custody to enable secure, gas-free perpetual trading and on-chain investments. It offers high-performance trading with 600K TPS and single-digit millisecond latency, while ensuring users retain full control of their funds through private keys and Web3 security. As the world's first licensed DEX, Grvt focuses on compliance, privacy via zero-knowledge proofs, and scalability to support trillion-dollar onchain finance markets. Key features include direct fiat-to-crypto onramps, take-profit/stop-loss orders, yield earning on trading equity, and integration with Arbitrum for withdrawals. The platform recently raised $19M in Series A funding to enhance privacy-driven DeFi infrastructure and expand accessibility.
Attending Seoul's Perp DEX Night on Apr 18; grvt also launched a $10,250 new user incentive.
Links
x.com/grvt_ioAttending Perp DEX Night event in Seoul on 2026-04-18 during BUIDL Asia conference.
Launched a $10,250 incentive campaign for new users in partnership with Tealstreet Terminal Transfer, requiring a minimum $500 deposit and at least one trade, scheduled to end on 2026-05-04 at 23:59 UTC.
Ranks second for optimal slippage and equity trading volume among DEXs that have not yet completed TGE.
Reached $177 billion in total volume since launching in January 2025.
Achieved 1,601% Open Interest growth since launching in January 2026.
Listed perpetual futures for QQQ, SPY, AAPL, TSM, MU, and SNDK with up to 10x leverage.
Listed $EDGE and $BASED perpetual futures with up to 50x leverage on April 6, 2026.
Launched $50,000 migration incentive pool from Based, Backpack, or edgeX, allocated first-come-first-served, eligibility by volume tiers.
Distributes up to 11% APY on collateral for traders, based on trading volume and open interest, from revenue sharing before token launch.
Hosts an AMA in Korean on 2026-04-10 with coinboy717 to engage the Korean community.
Launched Veterans First Campaign with $60,000 reward pool for perpetual traders who received airdrops or points from BasedOneX, Backpack, or edgeX, featuring five tiers (A to E) and first-come, first-served distribution until April 28, 2026 or pool depleted.
Built on zkSync Atlas for speed and self-custody.
Ranked #2 in $EWJ ETF trading volume among top centralized exchanges on 2026-03-31.
Paid $1.62M in real yield to users before TGE.
Distributed 150,000 points to 16,200 community members in the first week of April 2026.
Plans to launch GRVT Card and P2P transfers with on/off ramps as part of payment layer.
Ranks in top 5 tokenless perpetual DEXs by Open Interest market share as of April 2026.
Launched perpetual futures contracts for NVDA, GOOGL, and META with up to 10x leverage.
TVL decreased from previous levels as short-term yield farmers exited the protocol.
Launched GRVT Strategies marketplace for professional fund managers, algorithmic strategies, and AI-driven models on-chain.
Obtained the world's first regulated DEX license from the Bermuda Monetary Authority.
Reached $48.8M platform TVL, representing a 427% year-over-year increase.
Achieved $12B+ cumulative trading volume within 8 months of mainnet launch.
GLP vault reached $7.5M deposit cap within 23 days of launch and grew to $8.4M AUM within two months.
Distributes 15% of weekly GRVT Points pool to participants based on TVL.
Partnered with 40+ institutional partners, integrating Aave directly into trading engine for margin yield; zksync highlighted Unified Margin feature, powered by zksync infrastructure.
Launched perpetual futures trading for real-world assets (RWAs), including tokenized ETFs and stocks, offering 24/7 trading, leverage, self-custody, on-chain settlement with ZK proofs, yield on margin, and maker rebates.
Introduces two stablecoin yield products: Earn at 3.5% APY and Invest at 19% APY, with no minimum deposit, and a USDT rewards program.
Suffered Rhino bridge liquidity crunch on March 25, 2026, causing delayed withdrawals and deposits due to demand exceeding rebalancing capacity mid-settlement cycle. Native ETH bridge remained operational; funds not at risk.
Partnered with KaiaChain for low-cost USDT deposits for perpetual futures trading, launching a community volume competition from April 14-20, 2026, offering $15,000 in prizes for top 20 traders by volume and 20 lucky draw winners, requiring a 150 USDT minimum deposit via KaiaChain. Runs Easter Golden Egg Sprint trading competition with a $15,000 USDT prize pool for top 20 traders by volume, ending 2026-04-11.
Offers Ambassador program participants a +30% Grvt points boost, 35% referral commission, and Fee Level 6 access, with status granted daily at 00:00 UTC.
Scheduled PlayPad and spot trading for end of April 2026; integrated with Caves: Dig & Dash game as a token launch partner.
Launched Agent Skills feature for AI agents, enabling plain language interaction for market data queries, balance/position/PnL management, trade execution, and TP/SL orders, integrating with Claude Code, Codex, Gemini CLI, and Flowbot_pro for automated trading.
Partnered with CCXT (crypto exchange trading library) through the Builder Codes program, enabling CCXT users to access grvt across 5 programming languages with automated daily fee settlement for developers routing trades.
Trading volume reached $3.3B monthly
Launched Split TP/SL (Take Profit & Stop Loss) feature on web platform, allowing partial position closures at target levels.
Hosts an AMA with CEO and 0xProfessorJo on 2026-03-19 at 1PM UTC to discuss its new capital productivity model tied to platform revenue and activity.
Featured in Foresight_News yield product roundup for its USDT yield offering.
Operates a points program based on trading volume and open interest, reducing Altcoin points multiplier from 5x to 2x and setting RWA points multiplier to 3x for leaderboard participants, effective March 17, 2026.
Recorded $36.58B monthly trading volume in March 2026 on its perpetuals DEX, 13% higher than February, ranking 6th and its second-highest monthly volume ever, making it one of only two top 10 perps DEXs to see increasing volume.
Ranks top 5 perpetual DEX by volume (30 days) and market share, attracts 10,000 new users monthly.
Allocates 100% of revenue to ecosystem development and token buybacks.
Offers membership-style token model requiring 500, 3,000, or 30,000 GRVT lock for 6-12 months, granting fee discounts, revenue sharing, higher collateral limits, better yields, GRVT cashback, and $250,000 deposit coverage. Also offers negative maker fees, paying users to place limit orders.
Listed WTI crude ($CL), Brent crude ($BZ), natural gas ($NATGAS) perpetual futures with up to 25x leverage, 24/7 trading, and no expiry or rollover, alongside support for RWAs, equity, and gold trading. Launched commodities and equities volume trading competitions with a $20,000 prize pool ending 2026-03-26.
Reached $481.3 million in open interest, ranking 6th among top 10 perpetual DEXs as of March 25, 2026.
Ranked #6 overall by trading volume in the February 27 weekly perp DEX rankings.
Reached #3 ranking among perpetual DEXs by 24-hour volume with $1.3B daily perpetual futures trading volume. Recorded $9.653B over 7 days ending 2026-03-12.
Reached 76,900 wallet connects and 9,229 monthly new users since Season 2 began.
TVL increased 7x from previous levels.
Grew open interest 42x since Season 2 began.
Reached cumulative trading volume of $200 billion since Season 2 began.
Reached 77,000+ wallet connections, 9,000+ monthly new users, and 67% weekly retention rate.
Allocates 28% to airdrops and rewards programs, extending Season 2 rewards until TGE in June 2026 with 18% airdrop and 6% community allocation. Season 1 rewards remain 10%, with total community allocation at 22%.
Increased TVL 277% week-over-week, volume 352% week-over-week, and open interest 1,796% week-over-week.
Achieved trading volume growth of 352% week-over-week.
Achieved open interest growth of 1796% week-over-week.
Released development update including expanded chart types, favorites, range shortcuts, indicators on mini chart, new sharing dialog, and quick drawing tools.
Achieved +25% monthly open interest change.
Expected to launch a token in the near future, with the project having a live product, strong user base, and meaningful revenue before TGE.
Featured in Animoca Brands research report as one of the leading perpetual DEXs redefining on-chain trading.
Offers up to 11% APY on idle stablecoins and traders' collateral, tied to real trading activity.
Runs meme competition with 1,000 USDT prize pool, ending on 2026-03-11.
Hosts AMA with CEO on 2026-03-12 at 11:00 UTC on X to discuss Season 2 extension, pre-TGE roadmap, and TGE.
Built by ex-Goldman Sachs and Meta engineers.
Integrated with Arbital for automated market-making strategies; featured in eli5_defi's "Project Spotlight - Week 09/2026".
Raised $19M Series A co-led by ZKsync, Further Ventures, bringing total fundraising to over $35M, including $34M from zkSync and Delphi, at a $540M fully diluted valuation. TGE scheduled after June 30, 2026; distributed 150,000 points to 15,600 community; FDV prediction market live on 42space platform.
Launched a $5,000 USDT RallyOnChain campaign for rewarding content creators.
Launched GLP Strategy in November 2025, with APY model tied to trading activity, referrals, and platform revenue, maintaining up to 11% on USDT deposits with weekly distributions every Tuesday. Co-manages GLP vault with Ampersan for 20% APY; GLP pool offers 21% APY and 22% token distribution with no lockup.
Reached $1.8B daily trading volume, TVL surpassed $100M since Season 2 began, ranking as #4 perpetual DEX with 352% month-over-month growth.
Launched new mobile app
Records $1.8B+ in monthly trading volume for perpetual futures, with 352% month-over-month growth, ranking as a top-4 perpetuals DEX by volume.
Launched Yield Layer feature, integrating Aave variable lending pools for idle margin from perps positions, offering 11% APY, with real-time yield distribution, self-custody, and maintained trading/withdrawal functionality.
Ranked third for 1-month APY among trading vaults on TradingProtocol across multiple chains including Ethereum and Arbitrum.
Maintained execution integrity with zero-knowledge settlement during the October 10th crypto crash, which saw $19B liquidated, leveraging ZKsync Validium L2 for Ethereum-level security via ZK proofs.
Integrated with Planemo Trading to enable automated trading strategies with maker rebates and capital yield generation.
Launched XAU, XAG, XPD, and XPT perpetual contracts.
Launched Scale Orders feature, enabling traders to structure entries, ladder exits, and execute across multiple price levels.
Integrated with Fraction AI through the Gravvy agent for AI agents to trade perpetuals and automate strategies, offering 20%+ APY delta-neutral returns. Co-Founder and COO Matthew Quek participated in an AMA with FractionAI CEO Shashank Yadav on February 24, 2026, covering AI-driven strategies, autonomous agents in DeFi, and capital efficiency.
Integrated with RoboNetHQ, with the RoboNetHQ Vault now live on the platform.
Integrated TacoTradeX to bring AI and quant strategies, including OI farming and auto-strategy execution, directly to the platform.
Hosts trading competitions at Consensus Hong Kong 2026 on February 11, 2026, including BLOCK:LOUNGE Trading Esport 2026 and CRYPTOZONIC at Space Club in Central Hong Kong.
Undergoes scheduled maintenance on 2026-02-05 at 09:00 UTC for approximately 15 minutes, during which trading will be temporarily unavailable.
Collaborates with Shift Protocol, hosting an Italian X Space on 2026-01-30 at 1:30 PM UTC with Top EU Ambassador, offering a 150 USDT prize pool. Launches a hybrid vault combining GLP and delta neutral strategies on Arbitrum on March 5th, 2026.
Reached 90,000+ users, with over 77,000 wallet connections.
Achieved 5,000+ daily active traders.
Ranked top 5 DEX by volume according to DeFiLlama.
Offers perpetual futures trading for crypto, commodities, equities, metals, and stocks, including XMR, AMZN, COIN, COPPER, CRCL, MSTR, and PLTR with up to 50x leverage.
Criticized for "gaslighting" users, with commentary that numbers and metrics have not been great.
Added support for USDT deposits from Solana and Kaia Chain networks on January 14th, 2026.
Achieved 600k transactions per second under peak performance conditions.
Launched Grvt Institute, a non-commercial crypto education initiative, starting with a collaboration with Korea Insurance Institute in South Korea.
Approved as a VASP on Upbit SG, enabling secure asset transfers within the Upbit ecosystem.
Implements negative maker fees, paying users to provide liquidity.
Featured in Messari research on on-chain private banks for institutional wealth management; listed among emerging perp DEX platforms differentiating on ZK privacy, unified margin, RWA access in 2025-2026 market analysis, alongside Paradex, Hibachi, and Lighter.
Hosts an AMA on 2026-01-06 featuring Head of BD discussing vision, products, and 2026 roadmap in Korean language.
Launched isolated margin trading feature, allowing users to set risk limits per individual trade while protecting their main balance.
Runs airdrop/points campaign, distributing 20,000 USDT in rewards to top 20 ambassadors over two weeks for onboarding and engagement.
Partnered with Optiver as market maker, delivering 26% APY returns with 11.1 Sharpe Ratio. Launched points-based airdrop program with over 2,000 participants.
GLP flagship delta-neutral strategy fills quickly following recent cap increase, with limited availability remaining.
Platform unveils Traders Royale competition winners at Indonesia Blockchain Week Official, with @ariesyuangga taking first place, @andricuanterus second, and @kyojindee third in the esports-style trading competition.