A token buyback announcement is easy to publish. A completed buyback that people can independently verify is a different standard. That’s what caught my attention about @grvt_io The Foundation’s token issuer purchased 1.1M $GRVT on the open market and permanently burned the tokens, removing approximately 0.96% of circulating supply according to Grvt’s dashboard. Three details matter here: 1. The action is complete. This isn’t a promise to buy tokens at some point in the future. The first purchase and burn have already happened. 2. The tokens were burned. They weren’t merely retained in a treasury. The burn permanently removes them from circulation. 3. The records are public. Grvt provides a dashboard with buyback figures and onchain transaction information, giving the community a way to verify the reported activity. One thing to keep in mind: future buybacks are intended to happen monthly, but they remain discretionary. The first transaction does not guarantee a fixed schedule or amount. And a reduction in circulating supply should never be confused with a guaranteed increase in token price. For me, the more meaningful question is whether Grvt can combine transparent execution with sustained product development. Grvt 2.0 is planned to introduce tokenized fixed-income opportunities, new perpetual markets, yield bearing margin and a unified self-custodial app. Those are tangible things users can evaluate as they launch. Transparency earns attention. Execution earns credibility. Products have to deliver the lasting utility. Now, it’s about seeing how Grvt delivers on that vision.

A $24M market cap against $442B in cumulative perp volume! $GRVT deserves a closer look. I came across a creator’s post checking @grvt_io on DefiLlama, so I decided to dig into the numbers myself. Here’s what caught my attention: • $442B in cumulative perp volume • $14.7B in 30-day volume • $432M in open interest • $34M in TVL • $24M in circulating market cap That’s substantial trading activity relative to the token’s current valuation. Of course, volume isn’t revenue, and a low market cap alone doesn’t make a token undervalued. But GRVT already has meaningful traction to build on, and turning that activity into sustainable revenue and long term token value is what makes the story interesting. With an FDV of around $212M and only about 11% of the maximum supply circulating, future unlocks remain important. The recent 1.1M $GRVT buyback and upcoming GRVT 2.0 add more reasons to watch what comes next. My take: the trading activity is already there. Now it’s about execution, growth, and stronger value accrual. At this valuation, $GRVT has my attention. 🔥

What if the same capital you use to trade could also keep earning yield while you wait for your next opportunity! That’s the idea that makes @grvt_io’s Grvt 2.0 roadmap worth watching. Grvt has completed its first $GRVT buyback and burn, permanently removing 1.1M tokens from circulation nearly 1% of the circulating supply at the time. But the bigger story is how Grvt plans to connect earning and trading through one self-custodial experience. • Grvt Earn: Tokenized fixed-income strategies targeting yields of up to 11%. That’s a target, not a guaranteed return. • Stable Funding Perps: Planned markets across stocks, FX, commodities and indices, with zero trading fees and once-daily funding. • Yield as Margin: Eligible Earn balances could support trading positions while continuing to earn yield, subject to product terms and risk parameters. • Grvt 2.0: A unified app designed to bring these capabilities together. Yield as Margin is the feature I’m watching most closely. Traditionally, putting capital to work in a yield product while keeping it available for active trading can mean choosing between two uses for the same funds. Connecting those functions could make capital more flexible and efficient, without requiring users to treat earning and trading as entirely separate activities. The challenge will be delivering that experience with clear risk controls and reliable execution. The buyback shows a completed action. Grvt 2.0 now has to demonstrate the value of the products behind the vision. The bigger opportunity isn’t simply holding more assets. It’s making capital work across more of the financial experience.

May your day be filled with beautiful moments, a peaceful heart, and countless little blessings. Happy Sunday Fam. 💜

GRVT JUST TURNED A TOKEN COMMITMENT INTO ONCHAIN PROOF 🔥 @grvt_io 1.1M $GRVT bought on the open market. Permanently burned. Nearly 1% of circulating supply at the time. @grvt_io has completed its first token buyback, and what stands out to me is the difference between announcing a commitment and actually executing it. These tokens weren’t simply held in a treasury. They were burned, permanently removing them from circulation. And that’s what makes this milestone meaningful. A roadmap tells the community what a project intends to do. A completed transaction gives people something concrete to verify. Grvt also makes the process transparent through a public dashboard tracking purchases, the percentage of circulating supply, cumulative burns and onchain transaction hashes. Future buybacks are intended monthly, but remain at the issuer’s discretion. There’s no guaranteed schedule or fixed purchase amount. What makes this milestone more interesting is what comes next. The buyback is the first of five announcements leading to Grvt 2.0, with tokenized fixed-income strategies, multi-asset perpetual markets, yield-bearing trading margin and a redesigned self-custodial app scheduled to roll out through November 2026. For me, the real test is how consistently Grvt can turn these commitments into products people find useful. The burn is execution. Transparency makes it verifiable. Grvt 2.0 now has to deliver on the broader vision. That’s the progression worth watching.