Gravity (G) Token - The Next Big Thing in Layer 1 Blockchains?

Gravity is a layer 1 blockchain created by Galxe that provides a ZK proof and recovery-driven architecture. Gravity enables cross-chain transactions and verification with near-instant finality, supports EVM compatibility, and interacts seamlessly with existing decentralized applications.

Gravity, the world's largest task distribution platform, has recently launched its Layer1 chain. The token is called G, and it has been launched on major exchanges. It is mapped from Gal and has not yet risen. Instead, it has been falling. The current market value of G coin is 257 million US dollars, ranking 272nd in market value. Let's take a look at what G is all about!

Introduction

Gravity is a layer 1 blockchain created by Galxe, featuring a ZK proof and recovery-driven architecture. It enables cross-chain transactions and verification with near-instant finality, supports EVM compatibility, and interacts seamlessly with existing decentralized applications. The platform aims to provide a high-performance, secure, and user-friendly environment for developers and users within the Galxe ecosystem. G is the native token on Gravity and the utility token for both the Gravity and Galxe ecosystems. It powers transactions as a gas token and will soon secure the network through staking. As the main utility token in both ecosystems, G drives governance decisions, incentivizes growth, and facilitates payments.

Practical application of the project

The development of Gravity was initially driven by the challenges we encountered at Galxe, a leading Web3 application that provides a suite of services such as loyalty points, campaign NFTs, token rewards, zk-identity, and full-chain smart savings. Galxe's rapid growth has resulted in significant transaction volume, with its loyalty points system processing over 51.2 transactions per second and its token rewards campaigns averaging over 32.1 transactions per second. As we moved toward a decentralized Galxe backend, it became challenging to transition all of its use cases to an EVM blockchain while maintaining an optimal user experience. This transition highlighted the need for a high-performance EVM blockchain capable of supporting (1) high transaction throughput and (2) near-instant finality. To summarize: Cross-chain Transactions: Gravity allows developers to define and settle transactions across multiple blockchains, making interactions more efficient and secure.

Efficient Verification: Gravity supports cost-effective ZKP verification, ensuring transactions are both economical and secure.

Enhanced User Experience: Gravity enhances the user experience by introducing cryptographic primitives such as the secp256r1 curve through precompiled contracts, supporting use cases such as cost-effective key authentication for Account Abstraction wallets.

High-performance execution: Gravity integrates the fastest execution layer Reth and the most advanced consensus algorithm Jolteon. Together, these technologies will provide high throughput and near-instant finality.

Secure and robust PoS mechanism: Gravity's proof of stake will be powered by a combination of G token native staking and re-staking protocols, including Babylon and EigenLayer. This design incentivizes and unites a cross-spectrum community to jointly protect the Gravity chain.

EVM Compatibility: Gravity will be fully compatible with the EVM, allowing developers to seamlessly deploy and interact with smart contracts.

Project Ecosystem

There are currently 87 project parties in the Gravity ecosystem, and it will definitely be very prosperous in the future.

First of all, Galxe is the world's largest blockchain task distribution platform with a very large traffic and user base. Secondly, Gravity also wants to develop its own L1 chain, which will make the ecosystem more complete. As long as the chain is out, it can involve all aspects of development in the later stage. Moreover, Galxe has a profit effect, and it is not low. At present, there is no competitor that can match it.

G Token Economic Model

Max supply: 12 billion.

Currently 70.48% is unlocked, and the allocation team does not get much, only 40%.

Token unlocking:

The unlocking rate is between 2.5% and 1% every month, which is fluctuating. In fact, it is not much, because the project is always developing and working, and there will always be new stories!

Summarize

Gravity is a layer 1 blockchain created by Galxe. Secondly, Galxe is also the world's largest task distribution platform, with a large number of users and traffic, as well as its own powerful hematopoietic function.

Judging from the roadmap, Gravity will have several major positive developments in 2025, with the release of new versions in the first and second quarters. Moreover, it claims to have achieved a throughput of more than 1 GB per second and sub-second finality, which is extremely impressive. It directly eliminates the shortcomings of blockchain. It wants to achieve the same response speed as web 2, which is a revolutionary innovation.

At the current price, you can buy it with confidence. 70% is unlocked and the market value is only 250 million. In addition, it was migrated from Gal to G a few months ago, which resulted in everyone’s leverage being fully leveraged, and the market has not been pulled