Grvt, a decentralized exchange, has announced an increase in its $GRVT token airdrop allocation to 28% of the total 1 billion token supply, up from the previously planned 22%. This adjustment comes as part of the token generation event (TGE) scheduled shortly after June 30, 2026. The community airdrop aims to incentivize platform users and ecosystem participants, with the Q2 allocation specifically raised from 12% to 18%. The $GRVT token will function as the utility token within the Grvt ecosystem, offering benefits such as reduced trading fees and priority access to treasury investments. Since the start of Q2, Grvt has seen significant growth, with total value locked (TVL) increasing by 847% to $107.1 million and open interest expanding 42-fold to $484.1 million. The platform also reported a cumulative trading volume of $197 billion and over 10,000 monthly active users. Grvt plans to launch Aave’s native Layer 1 yield feature soon and open spot trading by the end of April 2026, with $GRVT trading initially available on its own market and efforts to list on major exchanges underway.