GRVT, a hybrid exchange platform built on ZKsync infrastructure, launched its token on July 30 with a total supply of 1 billion units. The circulating supply represents approximately 114 million tokens, or 11.43% of the total, for a market capitalization of around $30 million at a price of $0.26 to $0.27 per unit. The 12-month unlock schedule allocates 40% at token generation, then an additional 20% at months four, eight, and twelve, with the next unlocks scheduled for August 29 and November 29. The platform allocated 28% of total supply to community rewards and airdrops, up from the initially planned 22%, an increase designed to address criticism. Users remain nonetheless unhappy about not being able to access their full allocations immediately.
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