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Cryptocurrency News Articles

Web3 Digital Identity Network Galxe Crafts Own Layer-1 Blockchain Gravity

May 30, 2024 at 05:00 am

Gravity's first iteration will go live this June, with plans for the final version with staking and restaking to launch in the second quarter of 2025.

Web3 Digital Identity Network Galxe Crafts Own Layer-1 Blockchain Gravity

Web3 infrastructure and digital credential network Galxe (GAL) is building its own layer-1 smart contract platform, dubbed Gravity, and will migrate all its products to the new blockchain.

The first version of Gravity, built on the Arbitrum Nitro tech stack, will go live this June to test cross-chain settlements in a publicly transparent manner. Meanwhile, the full-fledged Gravity Mainnet with native staking and restaking is set to launch in the second quarter of 2025.

According to the Galaxe team, the platform’s user base has grown significantly over the past three years, now boasting 20 million users and 100 million monthly transactions. This, in turn, necessitated a more efficient and scalable solution to handle cross-chain interactions between the 34 blockchains that Galxe supports.

"Existing solutions fell short in supporting the required complexity and scale, prompting Galxe to develop Gravity," the team said in a statement.

Gravity will be a proof-of-stake blockchain, simultaneously supporting restaking via EigenLayer and Babylon to leverage the Ethereum network's security. The chain will also get a new native token G, with the existing token GAL's contract migration already approved by the platform's decentralized autonomous organization.

The network will use Reth as execution layer and consensus algorithm Jolteon (AptosBFT) for near-instant transaction finality and high throughput, the team said. It will also be compatible with the Ethereum Virtual Machine (EVM).

Galxe Passport, which has nearly 1 million users, will be moved from BNB Chain (BNB) to Gravity, while the Galxe Score contract will migrate from Polygon (MATIC) to the new chain.

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Other articles published on Jul 28, 2026