
What is GRX Chain (GRX)

Start learning about what is GRX Chain through guides, tokenomics, trading information, and more.
GRX is the native utility and governance coin of GRX Chain, an EVM-compatible, Delegated Proof of Stake (DPoS) blockchain developed in the GroveX ecosystem. GRX Chain is designed for fast finality, low transaction costs and high throughput, providing the base layer for DeFi protocols, on-chain trading, payments and Web3 applications.
GRX is used to pay gas fees, secure the network through validator and delegator staking, and participate in on-chain governance. A fixed maximum supply of 10,000,000 GRX is complemented by a deflationary model in which a portion of designated fees is burned until a target threshold is reached. Wrapped GRX (WGRX) enables ERC-20 style integrations and liquidity on DEXs such as GRXswap, while GroveX acts as a primary gateway for users entering the ecosystem. GRX/GRX Chain and the GroveX exchange are owned and operated by separate legal entities, even though they are closely integrated at a product level.
Tokenomics describes the economic model of GRX Chain (GRX), including its supply, distribution, and utility within the ecosystem. Factors such as total supply, circulating supply, and token allocation to the team, investors, or community play a major role in shaping its market behaviour.
GRX Chain TokenomicsPro Tip: Understanding GRX's tokenomics, price trends, and market sentiment can help you better assess its potential future price movements.
Building on tokenomics and past performance, price predictions for GRX aim to estimate where the token might be headed. Analysts and traders often look at supply dynamics, adoption trends, market sentiment, and broader crypto movements to form expectations. Did you know, MEXC has a price prediction tool that can assist you in measuring the future price of GRX? Check it out now!
GRX Chain Price PredictionThe information on this page regarding GRX Chain (GRX) is for informational purposes only and does not constitute financial, investment, or trading advice. MEXC makes no guarantees as to the accuracy, completeness, or reliability of the content provided. Cryptocurrency trading carries significant risks, including market volatility and potential loss of capital. You should conduct independent research, assess your financial situation, and consult a licensed advisor before making any investment decisions. MEXC is not liable for any losses or damages arising from reliance on this information.
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