In May 2024, Galxe – a Web3 data network platform – announced the launch of the Gravity layer-1 blockchain. After more than 6 months of development, the protocol is expected to launch its testnet in Q1 2025.
What is Gravity?
Gravity is an EVM-compatible layer-1 blockchain designed to optimize omnichain interoperability between dApps. In addition, the platform also uses Chain Abstraction technology to simplify the interaction process between different blockchains, focusing on a user-friendly and seamless experience.
Gravity’s goal is to help Web2 users easily access the Web3 space and exploit the values that blockchain technology brings. Thereby, the platform focuses on building a high-performance network, achieving a processing speed of 1 gigagas/second, to support fast transactions with low fees while ensuring security.
Gravity’s Infrastructure
On December 4, 2024, Gravity officially announced its Litepaper, revealing the critical components of its infrastructure. By leveraging these foundational technologies, Gravity’s network throughput is expected to reach 1 gigagas/second.
Accordingly, two critical components in Gravity’s architecture include Gravity SDK and Gravity reth:
Gravity SDK:
An open-source software framework designed with modular and pipeline architecture. The pipeline architecture allows developers to break down tasks and process them in parallel, thereby optimizing performance and increasing system scalability. Meanwhile, the modular model helps programmers easily customize and flexibly expand applications as needed.
Gravity reth:
It is the execution layer built on the reth platform, a form of Ethereum full node. This architecture allows Gravity reth to inherit the advantages of reth, such as high security, fast processing speed, and easy integration with the Ethereum ecosystem. At the same time, Gravity reth is also optimized in parallel transaction processing to improve network performance.
The two components above are connected via the Gravity Consensus Execution Interface (GCEI) protocol. GCEI acts as a bridge, standardizing interoperability between the two layers. As a result, the system can operate efficiently and seamlessly, eliminating barriers due to differences in technical aspects.
In addition, Gravity’s infrastructure is also supplemented by two other components, including:
- Grevm (Gravity EVM): Gravity’s EVM virtual machine, capable of processing transactions in parallel. From there, Grevm helps improve transaction speed and enhance the interoperability of dApps in the ecosystem.
- Gravity Intent Protocol: A protocol focused on enhancing cross-chain interoperability between blockchains, prioritizing a seamless user experience.
Read more: What is Grevm? Gravity’s Parallel EVM.
Highlights of Gravity
In May 2024, the Galxe team first introduced Gravity to the community. In August 2024, Gravity launched the Alpha Mainnet version. After more than 3 months of operation, the network has achieved the following:
- Processed over 275 million transactions
- Average processing speed is 2.6 million transactions/second
Here are some highlights of Gravity:
- Achieving a processing speed of 1 gigagas/second: In Gravity’s design, the platform prioritizes increasing transaction processing speed and solving network congestion through applied techniques such as parallel transaction processing, pipeline architecture, modularity, etc. As a result, Gravity can effectively solve network congestion problems and meet the increasing transaction needs of users.
- Supporting restaking through EigenLayer and Babylon: To enhance the security and scalability of the ecosystem, Gravity also integrates the EigenLayer and Babylon restaking protocols. As a result, validators can stake assets from many different networks, including Ethereum and Bitcoin.
At the time of writing, users can experience the network through the Bridge feature to convert crypto assets (WBTC, DAI and G) between Gravity Alpha Mainnet and Ethereum. In the future, when the testnet is successfully launched, users can interact more deeply with the ecosystem.
Read more: Gravity integrates Chainlink CCIP, expanding cross-chain interoperability.
What is Gravity’s Token?
Gravity Token Information
- Token Name: Gravity
- Ticker: G
- Token Standard: ERC-20
- Token type: Utility & Governance
- Initial total supply: 12,000,000,000 G
Use Cases of the G Token
Initially, the Galxe project used the GAL token as its main currency. However, to optimize the user experience and expand the ecosystem, the team decided to convert the GAL token to the G token.
This decision aims to unify and simplify the interaction process between users on both the Gravity network and the Galxe ecosystem with the following specific use cases:
- Transaction fees for activities on the Gravity network
- Transaction fees for applications in the Galxe ecosystem such as Galxe Quest, Galxe Passport, Galxe Score…
- Staking to participate in network security and earn rewards
- Voting rights for protocol changes.
Gravity’s Roadmap
Gravity’s development roadmap is divided into 3 phases:
- Devnet: The main goal of this phase is to test the performance and evaluate the technical parameters of the system under real-world operating conditions.
- Official Mainnet: This is the final stage, marking the official launch of Gravity.
- Longevity Testnet: After completing the Devnet phase, the project will conduct long-term system testing to ensure stability, scalability, and error handling.
Gravity Project Team, Investors, and Partners
Project Team
As mentioned, Gravity is built by members of the Galxe team. The two key members are:
- Harry Zhang: Co-Founder and Project Lead of Galxe. Previously, he held the position of Founder and COO of Lino Network and Dlive.tv (later merged into the Bittorrent Ecosystem).
- Charles Wayn: Co-Founder and Strategy Lead of Galxe. Similar to Harry Zhang, he also held the role of Founder and CEO of Dlive.tv.
Investors and Partners
Gravity has established partnerships with several prominent projects in the crypto market, such as OKX, Nansen, GeckoTerminal, and Zerion. However, the project has not yet disclosed specific information about investors and funding rounds.
Read more: Gravity announces a $50 million fund to boost the ecosystem.
Similar Projects
- Vana: An EVM-compatible layer-1 blockchain operating in the AI sector, where users participate in contributing data to earn profits.
- Spacemesh: A layer-1 blockchain that applies the Proof of Space Time (PoST) consensus mechanism.
