[guided]The only real calculation in the proof is the derivative of the determinant. We are working in the coordinate chart $(U,\varphi)$ fixed above, and for $q \in U$ and $t \in I$ the matrices are $G(q,t)=(g_{ij}(q,t))_{i,j=1}^n$ and $V(q,t)=(v_{ij}(q,t))_{i,j=1}^n$. Fix $q \in U$ and consider the smooth matrix-valued curve $A: I \to \operatorname{Sym}^+_n$ defined by $A(t)=G(q,t)$, where $\operatorname{Sym}^+_n$ denotes the set of positive definite symmetric real $n \times n$ matrices. Its derivative is the matrix-valued curve $A': I \to \operatorname{Sym}_n$ defined by $A'(t)=V(q,t)$, because $v(t)=\partial_t g(t)$.
For an invertible matrix curve $A(t)$, Jacobi's formula for the derivative of the determinant says
\begin{align*}
\frac{d}{dt}\det A(t)=\det A(t)\operatorname{tr}\bigl(A(t)^{-1}A'(t)\bigr).
\end{align*}
Applying this to $A(t)=G(q,t)$ gives
\begin{align*}
\partial_t \det G(q,t) = \det G(q,t)\operatorname{tr}\bigl(G(q,t)^{-1}V(q,t)\bigr).
\end{align*}
If $G(q,t)^{-1}=(g^{ij}(q,t))_{i,j=1}^n$, then the trace of the matrix product is
\begin{align*}
\operatorname{tr}\bigl(G(q,t)^{-1}V(q,t)\bigr) = \sum_{i,j=1}^n g^{ij}(q,t)v_{ij}(q,t).
\end{align*}
This is exactly the coordinate expression for the metric trace of $v(t)$ with respect to $g(t)$:
\begin{align*}
\operatorname{tr}_{g(t)}(v(t))(q) = \sum_{i,j=1}^n g^{ij}(q,t)v_{ij}(q,t).
\end{align*}
Therefore
\begin{align*}
\partial_t \det G(q,t) = \det G(q,t)\operatorname{tr}_{g(t)}(v(t))(q).
\end{align*}
Now we pass from the determinant to the square root of the determinant. The positivity of $G(q,t)$ implies $\det G(q,t)>0$, so the function $r \mapsto \sqrt r$ is smooth at $r=\det G(q,t)$. The ordinary chain rule gives
\begin{align*}
\partial_t\sqrt{\det G(q,t)} = \frac{1}{2}(\det G(q,t))^{-1/2}\partial_t\det G(q,t).
\end{align*}
Substituting the determinant derivative gives
\begin{align*}
\partial_t\sqrt{\det G(q,t)} = \frac{1}{2}(\det G(q,t))^{-1/2}\det G(q,t)\operatorname{tr}_{g(t)}(v(t))(q).
\end{align*}
Cancelling the power of $\det G(q,t)$ yields
\begin{align*}
\partial_t\sqrt{\det G(q,t)} = \frac{1}{2}\operatorname{tr}_{g(t)}(v(t))(q)\sqrt{\det G(q,t)}.
\end{align*}
This is the origin of the factor $\frac{1}{2}$ in the volume evolution formula.[/guided]