GRVT Hybrid Exchange
After numerous strong projects launched tokens in the decentralized derivatives exchange (PerpDEX), this sector has officially entered a period of intense competition. Many exchanges are not only trying to surpass already launched Hyperliquid, Aster, and Lighter, but also vying for market share before the TGE to prevent airdrop user loss. For this reason, GRVT is taking a different path, creating a Hybrid Exchange.
HEX: Combining the advantages of CEX + DEX
GRVT aims to maximize liquidity and security of the exchange, not only by employing the off-chain order book mechanism of CEX for high-speed matching and minimizing slippage, but also through ZKsync Validium technology that allows users to self-custody their funds, eliminating concerns over past issues like the collapses of FTX and JPEX.
For account-related matters, investors who commonly trade with Web3 wallets can directly use accounts like MetaMask and OKX Wallet as GRVT's SecureKey. For investors unfamiliar with the crypto space, GRVT also allows users to use email verification codes (OTP) as private keys to sign transactions.
GRVT Background and Financing
The establishment of GRVT dates back to 2022, founded by co-founder and CEO Hong Yea, who previously worked at top global financial firms like Goldman Sachs and Credit Suisse, and aims to bring rich experiences from traditional finance into the cryptocurrency space.
As of 2026, GRVT has gone through five rounds of financing, raising a total of $33.3 million for the development of GRVT, with financing details shown in the table below:
Financing rounds financing amount financing time lead institutions Series A 19 million dollars 2025 zkSync, EigenCloud Strategic 27 million dollars 2024 QCP Capital Seed 5 million dollars 2023 Delphi Digital Pre-Seed 2.1 million dollars 2022 Folios Ventures
$GRVT Points Reward Program
According to the article published by GRVT in 2025, a total of 1 billion $GRVT tokens will be issued, and 20% of that will be used for the genesis airdrop, meaning that point holders can share 200 million GRVT.
As of now, GRVT has entered the second season of the points program. This section will take you back to review the competitive situation of the first season and inform you about the participation methods for the second season.
First Season Review
GRVT's first airdrop points season uses three scoring methods, which are as follows:
Trading points: Airdrop points are distributed based on trading volume to encourage users to trade with GRVT, and manual trading enjoys double point rewards.
Invitation points: Airdrop points are earned based on friends' activity levels on GRVT.
Liquidity points: Encourage users to trade by placing orders (Maker). When an order is executed, not only can they share airdrop points, but they can also earn negative transaction fee income paid by GRVT.
The first season was declared over on September 2025, and investors who want to participate in GRVT can earn airdrop points through the second season, which can be converted into airdrop tokens at TGE.
Second Season Introduction
The second season will integrate the various points from the previous season into a unified point system, but users can still participate through trading/inviting/placing orders, and even during GRVT trading liquidations, there are opportunities to earn extra compensation points.
Recently, GRVT also launched a season of altcoins activities, encouraging platform users to trade altcoins other than BTC, ETH, and SOL. Whether trading or holding, users can earn ten times the point weight, which is undoubtedly the best time for retail investors to earn points. Readers are reminded that if they want to trade gold futures soon, they might consider trading gold tokens PAXG through GRVT, which also enjoys a tenfold point weight.
GRVT Data Observation
According to data presented by Dune, as of the time of writing, GRVT's TVL has reached $89 million, which is nearly a $10 million drop from its historical peak of $98 million; however, when compared to the end of the first season, this figure has grown nearly eightfold.
The rise in TVL is accompanied by an increase in GRVT's trading volume, with an average daily contract transaction volume exceeding $1 billion since 2026. This not only proves that many investors are optimistic about GRVT's prospects but also brings considerable revenue to the platform. If you are afraid of entering late and missing the best opportunity, consider why there is still a large amount of capital choosing to ambush GRVT.
How to participate in the GRVT airdrop?
After reviewing GRVT's point rewards, the next step is how to effectively participate and earn GRVT points. Note that airdrop points are distributed uniformly every Tuesday rather than daily.
Step one: Prepare an account
As previously mentioned, GRVT is a hybrid exchange. In addition to logging in through Web3 wallets, you can also choose to log in using the familiar email as your account, based on your personal preference and convenience.
After registering your account, it is recommended to prioritize binding security items, first adding 2FA verification and then signing the SecureKey to improve security levels, significantly reducing the possibility of account theft.
GRVT registration link: https://grvt.io/?ref=S5YVUEH
Step two: Deposit funds
Once your account is ready, if you want to earn GRVT points, you must deposit funds. GRVT offers two deposit options: USDT and USDC, and allows users to transfer through five blockchains: Arbitrum One, Base, BNB Chain, Kaia, and Tron, which is very convenient.
Step three: Start trading
Once the funds are credited, trading through GRVT and earning airdrop points as rewards can begin. Currently, the exchange supports over 60 cryptocurrencies for investors to choose from, and during the event period, trading cryptocurrencies other than BTC, ETH, and SOL can enjoy a 10x point weight for altcoins.
According to my test, maintaining a position equivalent to about $30,000 in the first few weeks can earn approximately 2.5 airdrop points weekly. The estimated price of the points is as shown in the table below, with the total amount estimated based on the second season's points activity accounting for 10% of the total token supply.
FDV fully diluted valuation estimates S2 total points issued single point value $500 million 2.5 million points $20 $500 million 3 million points $16.67 $500 million 5 million points $10 $500 million 6 million points $8.33 $1 billion 2.5 million points $40 $1 billion 3 million points $33.33 $1 billion 5 million points $20 $1 billion 6 million points $16.67
Earn on Equity Interest Mechanism
In addition to airdrop points, another feature of GRVT is its unique interest mechanism. For most exchanges, idle funds may only be used as collateral and cannot earn additional value, but at GRVT, as long as you meet the trading conditions, you can earn a 10% annualized interest.
The interest mechanism is undoubtedly a boon for users who prefer to trade with full positions and high leverage. Imagine if you deposit 10,000 USDT in GRVT and use full positions with 50x leverage to go long on $1,000 worth of Bitcoin; at this point, you only need to pay $20 as collateral, and the remaining $9,980 can earn you about $19 in interest weekly.
GLP Neutral Strategy
For investors who are not good at contract trading, GRVT has thoughtfully launched investment strategies to help users conduct neutral strategy investments. Based on current performance, it is estimated that an annualized return of 15-20% can be achieved, but this part relies on GRVT's operation, and users can choose whether to deposit according to their needs.
Conclusion
As PerpDEX enters a heated stage of competition, GRVT has carved out a unique path. The design of HEX allows wallet users who prioritize security and newcomers who prefer traditional mailbox logins to safely manage their own funds. During the trading process, not only can they earn 10% annualized interest on idle funds, but they can also share in the potentially high returns of GRVT points. If you are still hesitating about whether to ambush GRVT, consider starting with a small amount of funds to avoid missing future airdrops.
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