Galxe launches full-chain abstract L1 blockchain Gravity, Alpha Mainnet will be launched in June 2024

According to official news, 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 integrates the fastest execution layer Reth and the most advanced consensus algorithm Jolteon (AptosBFT). Together, these technologies provide high throughput and near-instant finality. Gravity will be fully compatible with EVM, enabling developers to seamlessly deploy and interact with smart contracts. In addition, Gravity's proof of stake will be driven by G token native pledge and re-mortgage protocols including Babylon and EigenLayer. The launch of Gravity will be carried out in two key stages, among which 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-mortgage, with Reth as its EVM execution engine. Gravity's proof of stake will be driven by native G token staking and re-staking protocols including Babylon and EigenLayer. Harry Zhang, co-founder of Galxe, said: "The emergence of more and more chains in the Web3 world has greatly affected the user experience. Galxe currently supports 34 chains. In order for us to grow from millions of daily active users to tens of millions or even hundreds of millions, we need a better protocol layer to support a better user experience. The launch of Gravity is precisely to meet the urgent need to simplify cross-chain interactions and provide a user-friendly experience. Its ability to abstract complexity will bring disruptive changes to developers and users." Latch will be the first ecological project launched on Gravity. Latch.io is a chain-based Yu'ebao built on Gravity, aiming 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.