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

📑 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.

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