Been tracking $GRVT hard lately for two reasons:
1. Buyback + burn is actually happening
They've completed their first buyback and burned 1.1M tokens — nearly 1% of circulating supply. This isn't vaporware or a roadmap promise. It's on-chain, it's real, and it builds trust.
2. The fundamentals are moving
Per DefiLlama:
• 30d perp volume: $14.69B
• Open interest: ~$435M
• Ranked #5 in perp DEX by 24h volume
• Capturing ~2.5% of the total perp DEX market (~$21B daily)
$GRVT has built real traction in perp trading. Now the question is whether v2.0 can expand use cases, retain users, and convert volume into sustainable revenue. Watching closely.
1. Buyback + burn is actually happening
They've completed their first buyback and burned 1.1M tokens — nearly 1% of circulating supply. This isn't vaporware or a roadmap promise. It's on-chain, it's real, and it builds trust.
2. The fundamentals are moving
Per DefiLlama:
• 30d perp volume: $14.69B
• Open interest: ~$435M
• Ranked #5 in perp DEX by 24h volume
• Capturing ~2.5% of the total perp DEX market (~$21B daily)
$GRVT has built real traction in perp trading. Now the question is whether v2.0 can expand use cases, retain users, and convert volume into sustainable revenue. Watching closely.