PANews reported on May 30 that Galxe announced that it will soon launch Gravity, a Layer1 blockchain designed for full-chain experience and full-chain abstraction, and will integrate its core products such as Quest, Compass, Passport, Score, Alva and Galxe identity protocol into the Gravity chain. Gravity's proof of stake will be driven by native G token pledge and re-pledge protocols including Babylon and EigenLayer. The launch of Gravity will be carried out in two key phases, among which the Gravity Alpha Mainnet will be launched in June 2024, powered by the Arbitrum Nitro technology stack. In the second quarter of 2025, Galxe will launch Gravity Mainnet, a PoS Layer 1 blockchain driven by re-pledge, with Reth as its EVM execution engine.
Galxe said that Gravity abstracts the technical complexity of chain interactions and integrates advanced technologies such as zero-knowledge proofs and state-of-the-art consensus mechanisms to ensure high performance, security and cost-effectiveness. Gravity will also be fully compatible with EVM, enabling developers to seamlessly deploy and interact with smart contracts.
Gravity's first online ecological project is Latch.io, a chain-based Yu'ebao built on Gravity, which aims to connect the interest-bearing assets and liquidity of the entire chain. Galxe will integrate Latch in the future and upgrade Galxe Smart Balance to Galxe Smart Savings. Latch is currently online and rewards early users with 40%+ APY u-based returns.
