Galxe’s recently launched Gravity Alpha Mainnet has registered substantial growth in its total value locked (TVL) within a short time frame. Data from L2beat shows that the TVL of this new Layer-1 Blockchain network has increased by almost 100% in the past week alone.
Contents hide
1 What causes the TVL peak?
2 Why is Gravity Alpha Mainnet unique?
3 Key points for users
What drives the TVL peak?
In just a short period of time, the Gravity Alpha Mainnet has attracted significant attention from the cryptocurrency community. According to L2beat, the network’s TVL increased by a whopping 97.12%, to more than $159 million. This rapid growth reflects the increasing interest of users and the increasing popularity of the network.
Why is Gravity Alpha Mainnet unique?
Despite only being operational for two weeks, the Blockchain network has already completed 61 million on-chain transactions, placing it third in terms of Blockchain activity. This significant level of engagement highlights the strong appeal of the ecosystem and the enthusiasm of the community.
Gravity Alpha Mainnet differentiates itself by offering unique features tailored to cross-Blockchain experiences and full Blockchain abstraction. Its distinctive capabilities set it apart from other Layer-1 networks.
Key points for users
Users and investors can take several valuable points from Gravity Alpha Mainnet’s recent performance:
- Significant TVL growth indicates robust user adoption and network trust.
- A high transaction volume in the chain indicates active user participation.
- Unique cross-Blockchain features provide a competitive advantage.
- Collaborations with major players in the sector improve network functionality.
Gravity Alpha Mainnet is an integral part of Galxe’s broader vision, as outlined in the ecosystem roadmap. The network has formed notable partnerships with entities such as Arbitrum, LayerZero, The Graph, Binance Web3 Wallet, onramp.money, DappRadar, DefiLama, Camelot, Particle, and Lifi. These partnerships are expected to further expand Gravity’s capabilities and adoption, as current on-chain data shows the ecosystem is on track to achieve its goals.
Additionally, Gravity Alpha Mainnet will host the “Galaxy Operation” event at Token 2049 this year, in partnership with Movement. The event will showcase the growing ecosystem and introduce new partnerships with projects such as Refraction, Arkham, EigenLayer and Berachain.