Grove (GROVE) is Now Listed on Bitrue: Details You Should Know

Grove (GROVE) token is now available for spot trading on Bitrue, with the GROVE/USDT pair going live on 8 July 2026. 

The listing opens deposits via the Ethereum network, with withdrawals available from 9 July. 

Grove is an onchain credit protocol that operates within the Sky Ecosystem and deploys stablecoin liquidity into diversified credit strategies. Here is what the project does, what the token is for, and how to trade it.

Key Takeaways

• Bitrue has listed Grove (GROVE) for GROVE/USDT spot trading, with deposits open via the Ethereum network and trading live from 3:00 UTC on 8 July 2026.
• Grove Protocol is the institutional credit allocation layer within the Sky Ecosystem (formerly MakerDAO), with over $2.61 billion in total value locked across 16 active allocations.
• The GROVE token is an ERC-20 on Ethereum with a total supply of 10 billion, allocated 70% to the Sky Ecosystem, 25% to the team and contributors, and 5% to the Grove Foundation.

If you want to be among the first to trade GROVE on a centralised exchange, sign up for a Bitrue account and access the GROVE/USDT pair as soon as trading opens.

Register Now to Claim Your Prize!

What is Grove Protocol?

Grove is the onchain credit layer for stablecoins. The protocol connects the onchain economy with institutional credit markets by deploying stablecoin credit liquidity, primarily USDS and USDC, into diversified credit strategies through vault based, non custodial infrastructure. 

It operates as a "Star" within the Sky Ecosystem, the governance framework previously known as MakerDAO, serving as its dedicated institutional credit allocation arm.

Source: GROVE

The protocol offers three core products. Grove Allocator handles capital deployment across multiple chains using non custodial vaults with full onchain transparency. 

Grove Basin provides instant stablecoin redemptions for tokenized credit products, settling atomically without waiting for capital market hours. Grove Financing delivers bespoke liquidity services for credit originators and DeFi venues.

Grove also runs a savings product through its app, where users can supply USDS or USDC to mint sUSDS and access the Sky Savings Rate. 

The protocol's infrastructure has been audited by ChainSecurity and Spearbit as part of the Sky Endgame Toolkit. The protocol currently holds over $2.61 billion in total value locked across 16 active allocations.

Understanding the GROVE Token

The GROVE token launched in July 2026 as an ERC-20 on Ethereum with a fixed total supply of 10 billion. Token claims opened on 6 July for eligible participants, with the Bitrue listing following two days later. 

On its first day of broader exchange availability, GROVE reached a high of approximately $0.0387 and recorded a 24 hour trading volume of roughly $8.9 million.

The token allocation is structured across three categories: 70% (7 billion tokens) to the Sky Ecosystem, 25% (2.5 billion) to the Grove team and contributors, and 5% (500 million) to the Grove Foundation. 

After initialisation, administrative control of the token contract rests solely with Sky governance through the MCD_PAUSE_PROXY, meaning only governance decisions can authorise changes to the token.

GROVE is expected to support protocol governance, including community participation in proposal processes. Staking and voting mechanics are planned for progressive rollout, though exact timelines remain subject to governance decisions and regulatory considerations. 

The token currently has around 355 holders and a self reported circulating supply of approximately 7 billion, representing the Sky Ecosystem allocation.

Read also: GROVE Coin Price Forecast and Analysis 2026 - Is it Safe?

How to Trade GROVE on Bitrue

Bitrue is one of the first centralised exchanges to list GROVE, and the process for trading the GROVE/USDT spot pair is the same as any other token on the platform. If you already have a Bitrue account, you can jump straight to the trading page and get started.

1. Create an account at bitrue.com and complete the KYC verification process to unlock full trading access.
2. Deposit funds into your account. You can transfer GROVE directly via the Ethereum network, or deposit USDT through any supported chain to trade against the GROVE/USDT pair.
3. Navigate to the spot trading page and search for GROVE, or go directly to the GROVE price page to view the live chart and order book.
4. Place a market order for an immediate fill at the current price, or set a limit order at your preferred entry point and wait for it to execute.
5. Once your position is open, monitor the trade and close it when you are ready by selling your GROVE back to USDT through the same spot trading interface.

Bitrue supports both the deposit and withdrawal of GROVE via the Ethereum network, so you can also choose to move your tokens to a personal wallet for self custody after purchasing.

Conclusion

Grove brings institutional grade credit infrastructure to the stablecoin economy, and its listing on Bitrue makes the GROVE token accessible to a wider audience of traders. 

The protocol's position within the Sky Ecosystem, combined with its $2.61 billion in total value locked, gives it a foundation that is worth paying attention to as onchain credit markets continue to develop. 

As always, verify all details including current rates, token supply, and listing terms directly on Bitrue before trading. Visit the Bitrue GROVE page to check the latest price and start trading today.

FAQ

What Is the GROVE Token Used For?

GROVE is expected to support governance of the Grove Protocol, with staking and voting mechanics planned for progressive rollout subject to governance decisions.

What Network Does GROVE Use on Bitrue?

Bitrue supports GROVE deposits and withdrawals via the Ethereum network, as the token is deployed as an ERC-20 on Ethereum.

What Is the Total Supply of GROVE?

The total supply of GROVE is 10 billion tokens, allocated 70% to the Sky Ecosystem, 25% to team and contributors, and 5% to the Grove Foundation.

What Is Grove's Relationship with Sky?

Grove operates as a "Star" within the Sky Ecosystem (formerly MakerDAO), serving as its institutional credit allocation layer for deploying stablecoin liquidity.

When Did GROVE/USDT Trading Start on Bitrue?

GROVE/USDT spot trading opened at 3:00 UTC on 8 July 2026, with withdrawals available from 3:00 UTC on 9 July 2026.

Disclaimer: The views expressed belong exclusively to the author and do not reflect the views of this platform. This platform and its affiliates disclaim any responsibility for the accuracy or suitability of the information provided. It is for informational purposes only and not intended as financial or investment advice.