Gravity: The Layer One Blockchain by Galxe

Galxe, an infrastructure and digital credential network, has scaled into a multi-use case dApp ecosystem, transforming the way users and developers engage with the Web3 ecosystem.

Galxe’s newest endeavor, Gravity, sets out to tie their previous initiatives into a groundbreaking project: its own high-performance layer 1 blockchain. Gravity achieves an impressive processing power of one gigagas per second, ensures sub-second finality, and upholds robust security through a restaking-powered proof-of-stake system.

Gravity recently released its litepaper and ecosystem vision in December, unveiling its technical backend, investors, developer grants, and information on its $G token.

Since the launch of Gravity’s alpha mainnet in Aug 2024, it is processing an average of 2.6 million transactions per day. The project is currently gearing up for its Devnet, Longevity Testnet, and Mainnet launch, slated for 2025.

What is Galxe?

Galxe is a crypto-driven company that powers distribution and community engagement, and is involved with over 30 million users, across 69 different chains, and more than 6500 partners.

The company is well-known for Galxe Quest, its community growth and building arm, which has assisted in community development for projects particularly in their pre-TGE (token generation event) phases.

Galxe supports the loyalty programs, growth campaigns, token rewards, and credential system integrations, but considered many current blockchain solutions to be limited, which inspired the birth of Gravity.

Gravity Litepaper

The chain features sub-second finality, and 1 gigagas per second throughput for high performance and security in an ecosystem designed for real-world adoption.

Gas per second (GPS) is an alternative measure to blockchain throughput that measures the amount of gas fees a network requires in order to produce the common speed measure, TPS, or transactions per second.

In Gravity’s case, this means the chain’s throughput can reach 1 billion gas units per second, allowing it to manage complicated transactions and applications while mitigating the fear of performance bottlenecks.

With sub-second finality, transaction speeds are quick and efficient, similar to the performance many would associate with centralized applications but with the security of a decentralized protocol.

Gravity utilizes a restaking powered proof-of-stake consensus and security mechanism. The chain utilizes protocols such as EigenLayer or Babylon to borrow high-level security without compromising its scalability.

Venture Funding

The Gravity developer economy will be bootstrapped by what the chain refers to as its “VC Alliance” as well as governance-driven developer grants.

The VC alliance is a $50 million initiative led by venture capitalists including HashKey Capital, Spartan Group, and Lattice. The Alliance will provide both resources and guidance to development teams on the network, in order to create a competitive dApp and DeFi ecosystem on Gravity.

Funds involved in the VC alliance have led rounds in DeFi and Web3 companies such as Berachain, Animoca Brands, Nillion Network, Particle Network and more.

Grants

Builders will also receive grants through the chain’s governance protocol. Gravity’s governance DAO (decentralized autonomous organization) passed Proposal GP 35 on Dec 2. GP35 approves a $5 million budget for strategic initiatives birthed from Gravity’s grants program.

Development teams can apply for grants for ecosystem dApps, infrastructure protocols such as wallets, data analytics tools, stablecoins, and centralized exchange (CEX) support.

Aspiring developers can apply now, and all applications are reviewed by the Gravity team on a rolling basis. Applications are set to include the background context of the project, the problem being solved and proposed solution, and its potential impact on Gravity’s ecosystem.

All grant allocations are governed through the G DAO’s governance process, and can fund opportunities with a maximum amount of $200,000 in $G. In addition to funding, teams who receive grants are also supported with networking opportunities and marketing consultation.

Gravity EVM

By integrating with the Ethereum Virtual Machine (EVM), the transition to development on Gravity is streamlined for Ethereum-native builders.

The Gravity EVM, or Grevm 1.0, makes for a dev-friendly environment that promotes Gravity’s high throughput and execution speeds, and improves overall performance of the chain.

Gravity touts a parallelized EVM structure, which means it allows for multiple transactions to be processed in parallel, or simultaneously. This alternative to the traditional sequential execution, utilized by blockchains such as Ethereum, may increase chain performance significantly by eliminating bottlenecks.

The chain is also looking to capitalize on its position in the EVM ecosystem by creating an interoperable, omnichain compatible ecosystem. Interoperability across the EVM and other chain’s opens up the door to multi-chain DeFi, gaming, and NFTs.

By creating a highly scalable, user-friendly, and interoperable ecosystem, Gravity looks to deliver a future-proof alternative to layer 1 solutions like Ethereum and Solana.