Galxe, a Web3 infrastructure and digital identity network, has announced the creation of its own layer-1 smart contract, dubbed Gravity, and the migration of all its products to this new blockchain. This development marks a significant milestone in Galxe's journey, as it seeks to address the growing demands of its user base and provide a more efficient and scalable solution for cross-chain interactions.

Gravity, a proof-of-stake blockchain, is designed to offer restaking via EigenLayer and Babylon, leveraging the security of the Ethereum network. The network will utilize Reth for nearly instant transaction finality and the Jolteon (AptosBFT) consensus algorithm for high throughput, ensuring seamless and rapid transactions. Additionally, Gravity will be compatible with the Ethereum Virtual Machine (EVM), further enhancing its capabilities.

The Galxe team has been driven to create Gravity due to the remarkable growth of its user base over the past three years, which now boasts 20 million users and 100 million monthly transactions. This expansion has highlighted the need for a more robust and scalable solution to manage cross-chain interactions across the 34 blockchains currently supported by Galxe. The existing solutions were deemed insufficient, prompting the development of Gravity.

The initial version of the network will be hosted on Arbitrum Nitro and will publicly test cross-chain agreements transparently in June. The full-fledged Gravity Mainnet, featuring native staking and restaking, is expected to launch in the second quarter of 2025. This phased rollout will enable the Galxe team to ensure a smooth transition and optimal performance.

As Galxe migrates its products to Gravity, its passport, currently used by approximately 1 million users, will transition from BNB Chain (BNB) to the new blockchain. Similarly, the Galxe Score contract will move from Polygon (MATIC) to Gravity, streamlining the ecosystem and enhancing user experience.

In tandem with these developments, the Bitcoin price has recovered from its recent low, rising to the $67,800 region, with a market cap above $1.33 trillion. However, the 24-hour trading volume has fallen by 18% in the last 24 hours, indicating a possible decline in interest.

In conclusion, Galxe's introduction of Gravity marks a significant step forward in the evolution of Web3 infrastructure and digital identity networks. As the ecosystem continues to grow and mature, it will be fascinating to observe how Gravity shapes the future of cross-chain interactions and blockchain technology. With its focus on scalability, efficiency, and security, Gravity is poised to make a lasting impact in the cryptocurrency landscape.