The first version of the network, built on the Arbitrum Nitro tech stack, will start in June to test cross-chain settlements in a publicly transparent manner. The full-fledged Gravity Mainnet with native staking and restaking aims to go live in the second quarter of 2025. The reason for creating Gravity, said the Galaxe team, is that the platform’s user base has significantly grown over the past three years, now counting 20 million users and 100 million monthly transactions. This required a more efficient and scalable solution to manage cross-chain interactions between 34 blockchains that Galxe supports.
Related posts
-
Digital Asset Inflows Reach Record High With US Elections on the Horizon
The year-to-date inflows for digital assets hit a new... -
OKX Ventures Q3 2024 Report Highlights Investments in Blockchain and AI Innovations
Zach Anderson Nov 04, 2024 14:06 OKX Ventures emphasizes investments in blockchain... -
KYVE Network plummets, Undeads Games exhibit triple-digit
KYVE Network has emerged as the top gainer as per the latest data with its 340%...