GRX Chain
GRX
$21.18
Current Price
+0.11%
24h Change
Info
GRX
Symbol
$211.76M
Fully Diluted Valuation
$201.47M
Market Cap
172
Market Rank
10.00M
Total Supply
$3.99M
Total Volume
$21.24
24h High
$21.09
24h Low
About GRX Chain
GRX Chain is an innovative blockchain platform within the GroveX ecosystem, utilizing an EVM-compatible, Delegated Proof of Stake (DPoS) mechanism. It addresses the need for efficient and cost-effective transactions, offering rapid finality, minimal transaction fees, and high throughput. GRX Chain forms the foundational layer for various applications including decentralized finance (DeFi) protocols, on-chain trading, payments, and Web3 solutions. The native GRX token serves multiple purposes: it facilitates transaction fees, ensures network security through validator and delegator staking, and empowers users to engage in on-chain governance decisions. With a capped supply of 10 million GRX tokens, the platform incorporates a deflationary model by burning a portion of specific fees, enhancing its scarcity. The introduction of Wrapped GRX (WGRX) allows for seamless ERC-20 integrations and boosts liquidity on decentralized exchanges like GRXswap. GroveX provides a crucial entry point for users into the GRX ecosystem, bridging the gap between the blockchain and its diverse applications. Although GRX/GRX Chain and the GroveX exchange are closely aligned, they are operated by distinct legal entities, ensuring a robust and integrated user experience.
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FAQ
Information on this page is provided for informational purposes only and does not constitute investment advice. This is not a recommendation to buy or sell any digital asset or to employ any particular investment strategy. Backpack makes no representation as to the accuracy, suitability, or validity of the information provided.
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