@Vik Banerjee I use the same approach. I have been buying $19 SRAM PC-1110 chains for my 11 speed drivetrain and don’t find the longevity to be all that different from more expensive chains. I wipe/lube with cheap triflow every ride, and have zero qualms about replacing the chain as soon as needed.
For 12-speed, I have become convinced that the X01 chain is worth the splurge over GX. That thing goes forever, whereas GX seems to last a more typical length of time before reaching 0.5% elongation.