Skip to content

Conversation

@dwinea
Copy link

@dwinea dwinea commented Dec 10, 2025

Name (to be shown on DefiLlama):

GRX Chain

Twitter Link:

https://twitter.com/GRXchain

List of audit links if any:

No external audits published yet – core contracts are based on widely used, open-source EVM standards (Uniswap-style AMM + DPoS staking). Formal audits are planned as TVL grows.

Website Link:

https://grxchain.io

Logo (High resolution, will be shown with rounded borders):

https://raw.githubusercontent.com/GroveXchange/assets/main/grx-logo.png

Current TVL:

Approximately $170k–$180k USD at time of submission.
Live stats dashboard: https://grxstats.grxscan.io/stats

Treasury Addresses (if the protocol has treasury):

Treasury is held in a multisig on GRX Chain, used for ecosystem incentives, listings and development.
Addresses can be shared privately with the DefiLlama team if required.

Chain:

GRX Chain (EVM-compatible L1)

Coingecko ID:

grx-chain

Coinmarketcap ID:

Currently not listed / N/A.


Short Description (to be shown on DefiLlama):

GRX Chain is an EVM-compatible Delegated Proof of Stake (DPoS) blockchain with GRX as the native gas, staking and governance asset. The ecosystem includes GRXswap, an AMM DEX on GRX Chain, and deep integration with the GroveX exchange as a primary fiat and liquidity gateway. GRX Chain focuses on DeFi, on-chain trading, payments and Web3 applications, with a fixed 10M GRX supply and a deflationary fee-burn model.


Token address and ticker if any:

  • Native token (L1 gas / staking):
    GRX – native asset (no ERC-20 contract)

  • Wrapped token:
    WGRX – 0x45C7287F897B3A79Cd3f6e4F14B4CE568f023bD5


Category:

Chain (L1)


Oracle Provider(s):

DEX TWAP / on-chain pricing from GRXswap pools.
No external oracle providers (Chainlink, Band, etc.) are used for TVL calculations.


Implementation Details:

  • TVL is calculated from GRXswap AMM liquidity pools using on-chain data.
  • GRX is priced from the main GRX/USDT pool.
  • Other tokens priced via deepest USDT / WGRX / GRX pairs.
  • Optional TWAP (AMM-based) applied to reduce price manipulation.
  • USD values derived from on-chain pricing and aggregated.
  • Cross-check with public stats dashboard: https://grxstats.grxscan.io/stats

Documentation / Proof:

Core contract references:

  • GRXswap Factory: 0xc7316818841f355c5107753A3f3FDEA799BD25f6
  • Router v2: 0x28fC93b8a20570f2B59d5CA9f8a1dA02C4DBcDF5

forkedFrom:

  • Core blockchain: custom EVM-compatible L1
  • GRXswap AMM: based on Uniswap V2 architecture with modifications

methodology (what is counted as TVL & how it's calculated):

What counts as TVL

  • Liquidity locked in all GRXswap pools (both sides of each pair)
  • GRX tokens staked in DPoS validator + delegator contracts

Excluded:

  • CEX balances
  • Off-chain or custodial holdings

How TVL is calculated

  1. Query GRXswap factory contract for all LP pairs.

  2. Fetch reserves for each pool on GRX Chain.

  3. Price tokens:

    • GRX priced via GRX/USDT pool
    • USDT assumed $1
    • Other tokens priced from their deepest USDT/WGRX/GRX pairs
    • Optional TWAP used to smooth volatility
  4. Convert token reserves to USD and sum all pools = DEX TVL

  5. Query staking contracts for total staked GRX

  6. Convert staked GRX to USD using on-chain pricing

  7. Add DEX TVL + Staking TVL

Final numbers cross-validated against:
https://grxstats.grxscan.io/stats


Github org/user:

https://github.com/GroveXexchange


Does this project have a referral program?

The GRX Chain protocol does not have a referral program.
GroveX (centralized exchange) has a referral program, but this is not part of on-chain TVL.

@llamabutler
Copy link

The adapter at projects/grxswap exports TVL:

grx                       0.00

total                    0.00 

@@ -0,0 +1,7 @@
const RPC_ENDPOINTS = {
Copy link
Collaborator

Choose a reason for hiding this comment

The reason will be displayed to describe this comment to others. Learn more.

this file isnt required

'grx',
'0xc7316818841f355c5107753a3f3fdea799bd25f6', // Factory address
{
provider: 'https://rpc.grxchain.io', // explicit RPC
Copy link
Collaborator

Choose a reason for hiding this comment

The reason will be displayed to describe this comment to others. Learn more.

I dont think explicit RPC is required?

},
"grx": {
"WGRX": "0x45C7287F897B3A79Cd3f6e4F14B4CE568f023bD5",
"USDT": "0x173462F5eb7CA0D1ab6aaea846fEFe85A28029E2"
Copy link
Collaborator

Choose a reason for hiding this comment

The reason will be displayed to describe this comment to others. Learn more.

Where is this USDT bridged from? Where is the collateral backing held?

@waynebruce0x waynebruce0x self-assigned this Dec 10, 2025
Sign up for free to join this conversation on GitHub. Already have an account? Sign in to comment

Labels

None yet

Projects

None yet

Development

Successfully merging this pull request may close these issues.

3 participants