GRXSwap holds $1.9M TVL with a 24h TVL change of -0.81% (≈ -$15.4k). Reported 24h trading volume is $2.5M, positioning the protocol as a small-cap DEX with meaningful short-term flow relative to locked liquidity.

Capital turnover (Volume/TVL) is $2.5M / $1.9M = 1.32x per day, implying relatively high utilization for the current liquidity base. If sustained, this points to strong transactional demand; if episodic, it can indicate flow driven by a single venue/pair rather than broad market depth.

Market breadth is minimal: 1 listed coin and 1 trading pair. This implies ~100% liquidity and volume concentration in a single market, elevating idiosyncratic risk (price impact, LP concentration, and dependency on one asset’s demand cycle) versus multi-pair DEXs.

TVL is fully concentrated on GRX Chain: $1.9M (100%). Single-chain deployment simplifies liquidity fragmentation, but creates chain-specific dependency (infrastructure, user base, and ecosystem incentives) with no cross-chain TVL diversification buffer.

Quant signals are mixed: strong 1.32x daily turnover against $1.9M TVL suggests usage, while -0.81% daily TVL drift indicates mild net outflows. Risk controls look under-specified with 0 audits and Trust Score: N/A; protocol fee/revenue metrics are not disclosed, preventing validation of sustainability (LP + protocol economics) from cashflow data.