📑 **The Block: Grvt and the Rise of Composable Onchain Wealth**

The Block Research dives into Grvt's push to turn its perp DEX into a full onchain wealth platform, as perpetual DEXs become crypto's fastest-growing sector.
• Perp DEX volume has grown from under **2%** to over **10%** of total crypto perpetuals volume since early 2023; Grvt's cumulative trading volume has topped **$230 billion**.
• Tokenized institutional products on Ethereum grew from ~$5B to over **$24B** in 18 months, with BlackRock, Apollo, and Franklin Templeton now onchain.
• Grvt's Unified Margin lets a single deposit earn yield, trade, and hold RWAs at once — its GLP vault posted a **19.81% APY** in under 5 months.
_The wager: capture users caught between pure-yield RWA platforms and pure-trading venues like Hyperliquid._

[🔗 Read more](/leaving?url=aHR0cHM6Ly93d3cudGhlYmxvY2suY28vcG9zdC80MDcwNzUvZ3J2dC1hbmQtdGhlLXJpc2Utb2YtY29tcG9zYWJsZS1vbmNoYWluLXdlYWx0aA==)
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