GRX Chain
GRX
Evaluation Score
Overall rating on a scale of 0-10
Dimension Breakdown
AI Analysis
Comprehensive evaluation of the token
GRX (GRX Chain) is an EVM-compatible Layer 1 blockchain using Delegated Proof-of-Stake, backed by the GroveX exchange. The Community Support section could not be scored due to insufficient data (a ticker collision with Gold Reward GRX and lack of retrieved GRX Chain social channels), and its 15% weight was redistributed proportionally across the remaining categories. While GRX displays relatively sound tokenomics (fixed supply of 10M tokens, ~95% circulating, and a fee-burning mechanism), it faces severe fundamental shortcomings elsewhere. Active development lacks public code repositories and ecosystem velocity, with Total Value Locked standing at negligible levels (~$13). The market profile exhibits extreme liquidity constraints, erratic volume, and minimal protocol revenue against a ~$124M valuation. Furthermore, team identities remain anonymous with centralized governance tied solely to GroveX, and no third-party smart contract or chain security audits exist. No qualifying red-flag events (such as exploits or legal proceedings) were identified.
Development Activity
Code updates and developer engagement
Community Support
Social media presence and community engagement
Tokenomics
Supply, distribution, and utility
Market & Use Case
Value proposition and competitive landscape
Team & Governance
Team background and project governance
Security & Audits
Security history and audit status
About GRX Chain (GRX)
GRX Chain (GRX) is an EVM-compatible Layer 1 blockchain that operates using a Delegated Proof-of-Stake (DPoS) consensus mechanism. Directly backed and maintained by the GroveX digital asset exchange, the network is designed to support decentralized finance and payment applications with fast finality and low transaction fees. The native GRX token is utilized as the network's gas asset for executing transactions, as well as for validator and delegator staking and governance.
The tokenomics of GRX Chain feature a fixed maximum supply of 10,000,000 tokens with no protocol-level inflation. The project implements a fee-routing mechanism designed to burn 60% of initial network fees until 1,000,000 GRX has been removed from circulation, after which all fee revenue shifts to stakers and validators. Disclosed allocations include 30% for a treasury, 20% for an ecosystem fund, and 5% allocated to the team under a five-year vesting schedule, with roughly 45% of the supply unitemized in documentation.
GRX Chain faces several operational and structural risks. The project has not disclosed public, named team members, and governance remains centralized under GroveX without an active decentralized autonomous organization (DAO). Furthermore, the network has no published third-party security audits or public code repositories, and on-chain adoption remains minimal, with negligible protocol revenue, low Total Value Locked, and severely constrained trading liquidity. GRX Chain is distinct from unrelated legacy projects that share the GRX ticker, such as Gold Reward.