GRVT Secures $19 Million in Series A Funding on September 18, 2025

The competition in the decentralized perpetual futures trading platform (Perp DEX) market is heating up, with Aster firmly at the top with an astonishing $42.88 billion in 24-hour trading volume, nearly a 2000% surge compared to last week. Hyperliquid ranks second with a trading volume of $17.16 billion, but still maintains its lead in TVL. This article delves into the latest data from the seven major Perp DEXs, revealing the key trends and market landscape behind this revolution in decentralized derivatives trading.

In the cryptocurrency market, Perpetual Futures DEX is becoming the focus of attention for investors. Recently, a report analyzing 16 high-potential perpDEX projects with yet-to-be-issued tokens has attracted widespread attention. This report ranks these projects from multiple dimensions including project narrative, transaction fees, background, progress, monetization cycle, and level of competition. Among them, the GRVT project has recently attracted attention for canceling the KYC (Know Your Customer) requirements. This move may indicate that the project team is about to take more significant actions. Considering the relatively small competition in the niche market where GRVT operates, industry experts suggest that investors may consider participating in this project. It is worth noting that among these 16 projects, as long as one can accurately predict the development trajectory of three of them, there is a possibility of obtaining substantial investment returns. However, investors should remain cautious and thoroughly understand the specifics of each project, weighing the risks and rewards. With the continuous development of the decentralized finance (DeFi) ecosystem, perpetual futures DEX is playing an increasingly important role. These projects not only provide traders with more options but also drive innovation across the entire industry. In the future, we may see more promising perpDEX projects emerging, bringing new vitality and opportunities to the crypto assets market.

Recently, a project called GRVT has attracted widespread attention in the crypto world. This originally obscure project quickly became famous after being active on Twitter for just one night, which is surprising. In the early stages of the project, the founding team only intended to operate quietly within a small scope, expecting only a few thousand participants and planning to continue the project until the first quarter of 2026. However, the development of events far exceeded their expectations. In just a few days, GRVT has become a hot topic across the internet. Interestingly, the group that was originally created to obtain the Lighter invitation code has now become a popular place to discuss GRVT. This project, which was once overlooked, is now attracting a lot of attention. As the number of participants quickly increases to over 4,000, the direction of the project becomes more uncertain. Some early participants are starting to worry about the possibility of an unexpected market reversal. This phenomenon of going from obscurity to sudden popularity is not uncommon in the crypto assets market, but it still feels surprising and alarming. The explosive rise of GRVT once again proves the unpredictability of the crypto world. It reminds us that in this rapidly changing field, a small project can become the center of attention overnight, while also warning participants to remain cautious and closely follow market trends.

Abstract 1. This week BTC dropped by 1.99%, ETH dropped by 7.69%, while some DeFi sectors rose against the trend. 2. Gate launches Gate Layer, a second-layer network, to comprehensively upgrade the GT ecosystem and deflationary mechanism. 3. SUI Group discloses heavy investment in SUI and stock buybacks, demonstrating capital strength and market confidence. 4. SOL Strategies completed a $25 million private placement financing to accelerate the expansion of digital assets and treasury allocation. 5. The crypto market faces its largest liquidation of the year, with $1.8 billion being sold off. 6. Ethena TVL突破 16 billion USD, setting a new record. 7. AVNT has surged 117% in the past week, with a daily trading volume exceeding 7 billion dollars. Market Interpretation Market Commentary BTC

Grvt has released Season 2. Throughout Seasons 1 and 2, 20% of the GRVT tokens will be distributed to the community. The point distribution for Season 2 will have a fixed weekly limit, so it seems designed to curb point inflation. Amid the PerpDEX boom, Grvt is struggling with a 24h trading volume of around $200M.