Galxe is building the L1 smart contract platform Gravity and plans to migrate all its products to the new blockchain
Web3 infrastructure and digital certificate network Galxe (GAL) announced on Wednesday that it is building its own L1 smart contract platform Gravity and migrating all its products to the new blockchain. The first version of the network is built on the Arbitrum Nitro technology stack and will launch in June to test cross-chain settlement in a publicly transparent manner. Gravity mainnet has native staking and restaking functions and is planned to go live in Q2 2025. The Galaxe team stated that the reason for creating Gravity is that the platform's user base has grown significantly over the past three years, currently with 20 million users and 1 billion transactions per month, requiring a more efficient and scalable solution to manage cross-chain interactions between the 34 blockchains supported by Galxe.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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