GRX Chain

GRX is the native utility and governance token of GRX Chain, an EVM-compatible blockchain built within the GroveX ecosystem, aimed at developers and users who want fast, low-cost infrastructure for decentralised finance, on-chain trading, payments, and broader Web3 applications. It addresses the need for a dedicated settlement layer that can handle high transaction throughput while keeping fees predictable. GRX and the GroveX centralised exchange are operated by separate legal entities but are closely integrated at the product level.

GRX Chain uses a Delegated Proof of Stake consensus model, in which validators are chosen based on GRX staked by themselves and by delegators who back them, securing the network in exchange for staking rewards. GRX is the gas token used to pay for every transaction on the chain, and holders can participate in on-chain governance decisions about the protocol. A deflationary mechanism burns a portion of designated fees until a target threshold is reached, and a Wrapped GRX form (WGRX) allows the token to interact with ERC-20-compatible protocols and decentralised exchanges such as GRXswap.

The protocol collects fees from on-chain transactions; those fees totalled 6.58 USD over the trailing 7 days, 12.43 USD over the trailing 30 days, and 37,356.75 USD over the trailing 12 months, with fee growth of 6,900 USD measured over the last 30 days. Annualised from the trailing 30-day figure, fees project to approximately 151.23 USD per year, yielding an annualised fee-to-market-capitalisation ratio of roughly 0.000085, or about 0.0085 percent. Gas fees are paid by users initiating transactions and, under the deflationary model, a portion is permanently removed from supply rather than redistributed. The market capitalisation relative to total value locked stands at 21.79, and fully diluted value relative to TVL is 22.90, reflecting that the on-chain fee base is currently very small relative to the asset's overall valuation.