Galxe

Introduction to Galxe:

Galxe is the largest task platform on Web3, providing the best interactive experience. Its product line and smoothness are among the top across six major task platforms.

After about three years of development, Galxe has launched eight very mature product lines.

• Active addresses on-chain: 21,924,209

• Monthly active addresses: 2,807,115

• A total of 5,691 projects launched 54,813 tasks on Galxe

• Network traffic surpasses Uniswap, Opensea, and Etherscan, with over 1 million users visiting the Galxe website daily.

Galxe spans across 34 different chains, which is significantly more than any cross-chain bridge or CEX integration. Before the launch of the chain abstraction mainnet, users can use Galxe’s smart balance function to deposit funds into a vault, using the balance to pay gas fees for transactions across multiple chains via Galxe’s smart contracts without needing a bridge.

Currently, only Galxe, Coinbase, and TON can achieve such traffic.

It can be said that Galxe has both a large user base and cutting-edge technology, and with the launch of Gravity, it is on the verge of a breakthrough.

About Galxe’s Chain Abstraction Platform – Gravity:

Galxe launched Gravity to combine its core products and address the complexity of existing user scale and blockchain ecosystems. It aims to provide a seamless, integrated Web3 portal for its 20 million users and developers.

According to the official website, Gravity simplifies multi-chain asset management, cross-chain transaction settlements, and provides a user-friendly trading process, allowing users to operate without facing complex underlying technologies.

To put it simply: Gravity is designed to let users pay gas fees on-chain using $G tokens, allowing them to complete all platform operations with just one token without needing to understand blockchain technology.

Key Features of Gravity:

• User Experience: Gravity uses a chain abstraction wallet, allowing one account to operate across all public chains.

• Security: It will adopt a Proof of Stake (POS) mechanism, staking native token $G through re-staking protocols such as Babylon and EigenLayer to ensure security.

• EVM Compatibility: It will be compatible with all EVM networks.

• Technology: Gravity will integrate the fastest execution layer, Reth, and AptosBFT consensus algorithm to enhance throughput.

Summary:

The launch of Galxe’s chain abstraction Layer 1 blockchain, Gravity, is necessary and relatively easy to implement.

• First, Galxe can integrate existing partners, allowing them to gain more users and help partners grow.

• Second, launching a new token and integrating it with existing product lines will provide a second opportunity for the 20 million users.

• Third, through chain abstraction, it removes barriers in blockchain, leveraging the Web3 portal advantage to allow more newcomers to enter without technical barriers.

Chain abstraction has become a competitive area for capital, and in the next year, we will see a mature, market-validated, and absolutely secure user entry window like Galxe. By simplifying the on-chain interaction process, it will meet the needs of the majority of users. This window will become the primary entry point for most users to enter the blockchain and will serve as the traffic gateway for the entire blockchain ecosystem.