Galxe has launched the alpha mainnet of its Layer 1 network Gravity. The full mainnet transition is expected to take place in the second quarter of 2025. Gravity had given a signal for the big announcement today. Bitcoin price rose to $61,000 and then fell back to $60,000 at the time of writing. This may be disappointing; however, if the short positions opened are profitable, risk appetite in altcoins may remain low. However, the market may turn this situation around. One of the good news was Galxe’s Alpha mainnet announcement.

Galxe (GAL) Updates

Galxe, which set out to become a Web3 identity data network, surpassed $18 in mid-2022. However, last year, its price dropped to $0.86. Currently, it has launched the alpha mainnet of Gravity, a Layer 1 network that is up nearly 200% from its bottom. This launch will integrate all of Galxe’s products, including Quest, Compass, Passport, and Galxe Identity Protocol, into the network. It will also provide a more cohesive experience to over 25 million active users.

Gravity was launched as a Proof of Stake (PoS) network using the Arbitrum Nitro code library. It is EVM compatible and will support staking protocols such as Babylon and EigenLayer. G Tokens will be used for transaction fees.

However, this is just the alpha mainnet phase; full mainnet rollout is expected to occur in the second quarter of 2025.

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