Grove (GROVE): What It Is, Uses and Risks

GROVE is the native token of the Grove Protocol, which describes itself as a credit infrastructure protocol. Its stated aim is to connect stablecoin liquidity, real-world assets and onchain lending, so that capital in traditional finance can reach opportunities onchain and the reverse. The issuing project on this site, Grove Finance, is a capital allocator in the Sky ecosystem. According to our data, it deploys about $1.2 billion into tokenized real-world assets, Aave, Morpho and Curve across several chains. Public descriptions also call the protocol an onchain credit layer for stablecoins. These are the project's own claims, so readers should check them against official documentation rather than treat them as settled facts.

The data available here does not give a full list of what GROVE does. Search summaries describe it as the native token of the protocol and say it supports the protocol, and the token is categorized under governance and lending and borrowing. Governance tokens in DeFi are generally used to vote on or guide protocol decisions. However, the specific rights tied to GROVE, such as any role in fees, staking or collateral, are not confirmed from public sources we have. Holding a token also does not by itself give a claim on a protocol's income or assets. Before forming a view, check the protocol's official documentation and the token contract for current functions.

The figures below are approximate and as of 2026-11-05. GROVE traded at about $0.0072, with a market capitalization of about $6.6 million and a fully diluted valuation of about $72 million. Total and maximum supply are both 10 billion tokens, and about 920 million are in circulation, so most of the supply is not yet in the market. The 24-hour trading volume was about $563,000, and the token ranked 1,517 by market capitalization. Over the previous seven days the price fell about 15.9%. The all-time high was about $0.0446 on 2026-07-06, and the all-time low was about $0.0045 on 2026-10-21. Prices change quickly, and these numbers are not a forecast or a reason to buy or sell.

GROVE is issued on Ethereum as an ERC-20 token. A disclosure summary in public reporting gives the same chain and a supply of 10 billion. The data lists no native chain, which is expected for an application token rather than a base blockchain asset. Public reporting also include older and unrelated pages. One describes a GroveCoin with the ticker GRV as an environmentally focused project in a 2023 blog post. Other pages mention token burns and tax features that do not match the Ethereum GROVE token described here. Similar names are common among copycat tokens, so confirm the contract address on Ethereum before trusting any listing or link.

Holding GROVE carries several risks. The price has fallen sharply from its 2026 high, and a token with a small market capitalization can move a lot on modest trading volume. The gap between circulating and total supply means future token releases could add selling pressure, although the release schedule is not confirmed in the data. Smart contract bugs, governance changes and the protocol's dependence on the wider Sky ecosystem and stablecoin markets are further risks. To store GROVE, use a self-custody wallet that supports Ethereum ERC-20 tokens. Never share your seed phrase, and verify the contract address through official project channels before buying. Only commit amounts you can afford to lose.