Size and Money Locked
Grove Finance locks roughly $1.1 billion in assets, making it the larger platform by total value locked. Convex Finance secures about $0.48 billion, less than half of Grove’s TVL. Both protocols saw TVL decline over the past week, with Grove down about 10.5% and Convex down about 4.8%.
Activity and Fees
Daily fees paid by users total around $117 k on Grove Finance, indicating higher activity revenue compared with Convex’s roughly $94 k in fees. Neither platform reported 24‑hour trading volume in the data.
Networks and Reach
Grove Finance operates on five chains: Base, Ethereum, Avalanche, Plume Mainnet and Robinhood Chain. Convex Finance is present on four networks: Ethereum, Fraxtal, Arbitrum and Polygon. The broader chain coverage gives Grove a slightly wider ecosystem footprint.
Who Each Platform Suits
Grove Finance appeals to users seeking exposure to tokenized real‑world assets, Aave lending and Curve LP positions across multiple chains, and who value higher fee generation. Convex Finance targets Curve‑liquidity providers who want a simplified boosting experience and benefit from a much larger token market cap.