Performances
RD Popularity Index
RD Growth Index
| 1h | 24h | 7d | 30d | 60d | 90d |
|---|---|---|---|---|---|
| 0.15% | 0.16% | 17.74% | 25.88% | 24.56% | 50.95% |
Comparison
Top Holders
| Address | Token | Quantity | Percentage | Value |
|---|---|---|---|---|
| Maker: MCD Pause Proxy (98fb) |   GROVE | 6,696,223,306.69 | 66.96% | $38.28M |
| 0x6a3b...446a | GROVE | 1,325,000,000 | 13.25% | $7.57M |
| 0x1369...91ba | GROVE | 500,000,000 | 5% | $2.85M |
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About Grove
Grove is an institutional-grade on-chain credit protocol operating within the Sky ecosystem (formerly MakerDAO). Its core business is deploying stablecoin liquidity into diversified credit strategies, including tokenized U.S. Treasuries, private credit, and DeFi lending. The protocol uses a non-custodial, vault-based architecture (Grove Allocator) with rate limits and multi-signature governance to manage risk.
Its key differentiator is the recently launched Basin liquidity network, which provides up to $1 billion in daily stablecoin liquidity to support instant redemptions for tokenized treasury funds like BlackRock's BUIDL and Janus Henderson's JTRSY. This addresses a critical market pain point: tokenized real-world assets often suffer from slow or limited redemption processes, reducing their appeal to institutional investors. Grove solves this by ensuring deep, always-on liquidity for these products.
In the past six months (March to September 2026), Grove has made significant progress. It launched Basin in May, invested in 37.8 million CFG tokens to deepen its partnership with Centrifuge for asset tokenization, and issued its native GROVE token in June for governance. The token became claimable and tradable in July. Grove also expanded its deployment to multiple chains including Avalanche, Base, and Monad, and integrated with protocols like Aave, Curve, and Pendle to broaden its credit strategy offerings.
Positive: Grove App launched with Grove Savings, enabling deposits of USDS/USDC to earn the Sky Savings Rate; committed $100M anchor investment to Securitize's tokenized AAA CLO fund; launched Basin liquidity network providing up to $1B daily stablecoin liquidity for instant redemptions of tokenized Treasury funds.
Built a strategic position of 37.8M CFG tokens, deepening the Centrifuge partnership; Mantle Vault expanded to DeFi, reserving 5.14M GROVE tokens for yield incentives.
Grove Protocol's core team comprises three co-founders. Mark Phillips serves as Co-founder & CEO, leading product and strategy. He previously worked at Deloitte Consulting and Thermo Fisher Scientific, and led MakerDAO's Strategic Finance Core Unit. Sam Paderewski is Co-founder & CTO, overseeing engineering and technology. He previously worked at Hildene Capital Management and Citi, focusing on structured credit and CLOs. Kevin Chan is Co-founder & COO, managing operations and partnerships. He previously worked at BlockTower Capital and Deloitte Consulting. All three hold degrees from top universities and bring extensive experience in DeFi, traditional finance, and consulting.