Key Points:
Read more: How to Use Galxe to Build a Community for Your Crypto Project
Layer 1 Gravity Chain is a massive step toward onboarding every product from Galxe—Quest, Compass, Passport, and the Galxe Identity Protocol—into one single platform to ensure better experiences for their 25 million active users.
Gravity aims to become an omni-chain smart contract platform oriented towards solving the fragmentation of Web3. With seamless cross-chain interaction and full-chain abstraction, Gravity brings fluency and cohesion to the user experience across landscapes in a decentralized way.
Gravity is an EVM-compatible, Proof-of-Stake blockchain constructed with the Arbitrum Nitro stack. It makes use of Reth as the execution layer and Jolteon for consensus.
The Galxe team described this combination as one that would guarantee high throughput and close-to-instant finality of transactions. Besides, it natively supports staking and restaking protocols such as Babylon and EigenLayer.
Introduce G as the native gas token on Gravity Alpha Mainnet. Other than being the base fuel for all transactions, the purpose of the G token will be intrinsic to governance, incentivizing growth on the platform and facilitating payments in both Gravity and Galxe.
Galxe has decided to build Layer 1 Gravity Chain because the platform has rapidly grown within the past three years. Now, with the full mainnet launch expected in Q2 of 2025, Galxe supports 34 blockchain networks and 100 million monthly transactions, which calls for a more scalable solution to manage its huge user base and cross-chain interactions.
DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing. |
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