Grove, the native token of the Grove Protocol, officially started spot trading on Coinbase today with the GROVE-USD pair now live on the exchange. The listing marks a significant expansion in accessibility for a token that has quietly amassed one of the larger TVL figures in decentralized finance.
Coinbase first added GROVE to its listing roadmap around June 23, roughly two weeks before today’s launch. Trading was conditional on sufficient market-making support and technical readiness, both of which appear to have been met.
What Grove actually does
The Grove Protocol operates within the Sky Ecosystem, which is the rebranded successor to MakerDAO. It does this through a combination of capital allocation strategies, tokenized real-world assets, and stablecoin yield mechanisms. The protocol facilitates lending and liquidity across multiple chains, including Ethereum, Avalanche, Base, and Plume.
GROVE itself is an ERC-20 token on Ethereum with a fixed total supply of 10 billion tokens. It serves as the central asset for the protocol’s credit and stability features, functioning as both a governance tool and a utility token within the broader ecosystem.
