AUSTIN, TEXAS – Web3 Infrastructure and Digital Reference Network Galxe (GAL) said on Wednesday that it is creating its own layer-1 smart contract platform called Gravity and will migrate all its products to the new blockchain.
The first version of the network, built on the Arbitrum Nitro tech stack, will launch in June to test cross-chain settlements in a publicly transparent manner. The full-fledged Gravity Mainnet with native staking and restaking aims to go live in the second quarter of 2025. The reason for creating Gravity, according to the Galaxe team, is that the platform’s user base has grown significantly over the past three years and is now growing. 20 million users and 100 million monthly transactions. This required a more efficient and scalable solution for managing cross-chain interactions between 34 blockchains that Galxe supports.
“Existing solutions fell short in supporting the required complexity and scale, which prompted Galxe to develop Gravity,” the team said in a statement.
Gravity will be a proof-of-stake blockchain, offering support at the same time resume via EigenLayer and Babylon will leverage the security of the Ethereum network. The chain will also receive a new native token G, with the contract migration of the existing token GAL already approved by the platform’s decentralized autonomous organization.
The network will use Reth as the 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 almost 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.