Seven Days Out And The Numbers Finally Match The Hype
I stopped taking airdrop farming seriously a while ago because most seasons end with a token that nobody actually wants once trading opens. GRVT is the first one in months where I actually pulled up the metrics before the token generation event instead of after, and the open interest data alone made me sit up.
Open interest went from roughly 11 million to 484 million during Season 2, that is not organic hype, that is real derivatives volume backing the points. TVL climbed from about 11 million to over 107 million in the same stretch. Cumulative trading volume crossed 393 billion double sided, and January alone printed 51.6 billion in monthly volume. Numbers like that usually show up after a token launches, not before it.
With the TGE landing July 21 and community allocation now sitting at 28 percent of the fixed 1 billion supply, this is one of the rare cases where the fundamentals were already stacking up while everyone else was just farming points blindly. I have seen too many projects launch a token into thin volume and watch it get dumped within days.
This one is launching into an exchange that already proved it can handle real size. That changes how I am thinking about post TGE positioning completely.
Watching order books closely once trading opens.
@grvt_io #grvt
I stopped taking airdrop farming seriously a while ago because most seasons end with a token that nobody actually wants once trading opens. GRVT is the first one in months where I actually pulled up the metrics before the token generation event instead of after, and the open interest data alone made me sit up.
Open interest went from roughly 11 million to 484 million during Season 2, that is not organic hype, that is real derivatives volume backing the points. TVL climbed from about 11 million to over 107 million in the same stretch. Cumulative trading volume crossed 393 billion double sided, and January alone printed 51.6 billion in monthly volume. Numbers like that usually show up after a token launches, not before it.
With the TGE landing July 21 and community allocation now sitting at 28 percent of the fixed 1 billion supply, this is one of the rare cases where the fundamentals were already stacking up while everyone else was just farming points blindly. I have seen too many projects launch a token into thin volume and watch it get dumped within days.
This one is launching into an exchange that already proved it can handle real size. That changes how I am thinking about post TGE positioning completely.
Watching order books closely once trading opens.
@grvt_io #grvt
