Whale Factor|Mar 12, 2026 18:00
Season 2 update from @grvt_io clarified several questions the community had around the timeline.
The extension does not dilute the farming pool. GRVT increased the community allocation with an additional 6 percent, bringing the Season 2 distribution to 18 percent.
Adoption metrics are also starting to show up in the data:
77K+ wallet connections
9K+ new monthly users
67 percent weekly retention
For a perpdex that has not reached TGE yet, those numbers are notable.
GRVT previously raised at a $540M FDV, so the market is beginning to form expectations around the eventual launch valuation.
Worth watching how growth in TVL, open interest, and trading volume develops as Season 2 continues.(Whale Factor)
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