GRVT: A Hybrid Decentralized Exchange

GRVT (pronounced "Gravity") is a hybrid decentralized exchange (DEX) built on the ZKsync Validium Layer 2. The platform combines elements of centralized-exchange user experience with self-custodial settlement secured by zero-knowledge proofs. It launched a mainnet alpha in late 2024 and expanded its product scope to include spot and options markets in 2026. ^{[2] [1]}​

Founding Team

GRVT was co-founded in 2022 by a team of three individuals:

• Hong Gyu Yea — Co-founder and CEO.
• Matthew Quek — Co-founder; reported as CCO
• Aaron Ong — Co-founder and CTO.

The co-founders have diverse backgrounds in finance, technology, and blockchain applications.

Product History

The mainnet alpha launched in late 2024 on ZKsync. GRVT initially focused on perpetual futures trading and expanded into spot and options markets during 2026. GRVT's spot market testnet went live around April 2026 ahead of a spot mainnet launch targeted around its token generation event (TGE).^[2]​

Technology and Features

GRVT operates on ZKsync's Validium Layer 2 and uses a Central Limit Order Book (CLOB) model rather than an Automated Market Maker (AMM). It claims high throughput and low latency, providing a seamless trading experience. The platform describes itself as self-custodial and offers an optional compliance layer for institutional users to meet KYC/AML requirements.^{[3] [7]}​

Regulatory Positioning

GRVT has stated that it is pursuing licensed and regulated onchain exchange status. Reporting indicates GRVT has sought or described plans to pursue a Bermuda crypto business (Class F) license, an EU MiCA-related approach, a Dubai VARA license, and an Abu Dhabi Global Market (ADGM) capital markets license. ^[5]​

Product Expansion — "Unified Margin" / "One Balance"

GRVT 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. ^[7]​

Metrics

As of ~March 2026, GRVT reported open interest of 393 billion (roughly $197 billion single-sided). ^[4]​

As of May 2026, GRVT stated it had processed more than $300 billion in cumulative trading volume. ^[4]​

Per GRVT's X account, as of the end of Season 2 (June 30, 2026), $439M in deposits were recorded. ^[4]​

Funding

Prior to 2025, GRVT raised approximately 2.2 million private token sale in March 2024. On September 18–19, 2025, GRVT closed a $19 million Series A round co-led by ZKsync, Further Ventures, EigenCloud (formerly EigenLayer), and 500 Global ^{[5] [2]}​

Coinbase Listing Roadmap

A single secondary aggregator reported that GRVT was added to Coinbase's listing roadmap on January 10, 2025. This claim comes from one secondary aggregator and has not been independently confirmed by Coinbase. ^[6]​

Token ($GRVT)

• Total supply: 1,000,000,000 $GRVT (no additional issuance planned). ^[1]
• GRVT reported a community/airdrop allocation that increased across Season 1 and Season 2 campaigns (reported changes: 20% → 22% → 28%). ^[4]
• Per GRVT's official X account, the TGE date was announced as July 21, 2026. ^[4]

Additional Information

Profiles for GRVT exist on CoinMarketCap and CoinGecko, potentially providing further trading and market data for the token.