Camelot Token (GRAIL): Uses, Supply and Risks

Camelot Token (GRAIL) is the token associated with Camelot, a decentralized exchange built to support the Arbitrum ecosystem. The project describes its exchange as community-driven and designed for capital efficiency. GRAIL is categorized as a decentralized-exchange and exchange-related token, rather than as the native token of a blockchain. That distinction matters: holding GRAIL is not the same as holding Arbitrum’s network token or owning part of the Camelot business. Public descriptions characterize GRAIL as a utility token, but the exact benefits and mechanics may depend on current Camelot rules and can change. Check the project’s current documentation before relying on any particular use or entitlement. Like other crypto assets, GRAIL can be traded or held in a compatible wallet, but its market price can move sharply and there is no guarantee that it will retain value.

Public descriptions say GRAIL is used to incentivize participants in the Camelot ecosystem and may be used by the project’s development team. Public sources do not specify every current mechanism, so do not assume that holding GRAIL automatically gives you trading-fee income, voting power, or a claim on project revenue. Check Camelot’s current materials for details of any active staking, liquidity, governance, or other token programs, including their terms and risks. Camelot itself is a decentralized exchange associated with Arbitrum, where users can access exchange functions through the dApp. GRAIL is the related token; it is not required to describe the exchange’s entire operation. If you are considering using GRAIL within the ecosystem, confirm that the feature is still active and understand what you must deposit or approve. Smart-contract interactions can expose you to loss, including from bugs, changing incentives, liquidity conditions, or incorrect transactions.

As of 2026-11-05, the reported circulating supply was about 30,053 GRAIL, against a total supply of about 92,789 and a stated maximum of 100,000. Circulating supply is the portion counted as available in the market; total supply includes tokens that may not be circulating. The maximum is a reported cap, not a promise that the market price will rise or that all tokens are already available. On that date, GRAIL traded at about $25.78, with a market capitalization of about $775,000 and a fully diluted valuation of about $2.4 million. These figures are estimates and change with price and supply. Reported 24-hour trading volume was about $690, suggesting activity can be limited at times. Lower liquidity can make it harder to trade at a desired price. Historical highs and lows do not reliably indicate future performance, and this information is not a price forecast or a recommendation to buy or sell.

GRAIL is reported as issued on Arbitrum, but it is not listed as the native token of a blockchain. Arbitrum is the network context for Camelot’s decentralized exchange, and using a token on this network generally requires a wallet configured for Arbitrum and the correct network’s transaction fee. Before sending or receiving GRAIL, verify the token’s contract address using Camelot’s official channels. Token names and symbols can be copied, so a matching ticker alone is not proof that an asset is genuine. Do not rely on an address copied from an unsolicited message or an unverified social post. If you bridge assets or use a third-party exchange, check which network and token version that service supports; deposits sent on an unsupported network may be difficult or impossible to recover. Confirm the network and transaction details in your wallet before approving or signing.

GRAIL carries the usual risks of a small, volatile crypto asset. Its market price and trading liquidity can change quickly, and the reported trading volume was modest as of 2026-11-05. Token utility or incentive arrangements can also change; a stated use does not guarantee lasting demand or value. Using Camelot or another dApp adds smart-contract, wallet, network, and transaction risks. A malicious approval, compromised wallet, mistaken transfer, or contract failure can result in permanent loss. Store GRAIL only in a wallet that supports Arbitrum and the relevant token, and protect the wallet’s recovery phrase offline. Never share that phrase or sign a transaction you do not understand. For larger holdings, consider whether a hardware wallet fits your needs, while keeping its recovery process secure. Verify token details through trusted official sources, and do not treat past prices or supply figures as a forecast.