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The latest data from L2beat shows that the total value locked (TVL) in Galxe’s newly launched Layer-1 Blockchain network, Gravity Alpha Mainnet, has seen remarkable growth in a short period. According to this data, the network’s TVL increased by up to 100% in the last seven days.
The Network’s TVL Surpasses 146 Million Dollars
Although Gravity Alpha Mainnet was launched recently, it has managed to capture the attention of the cryptocurrency world with impressive growth figures. According to data provided by L2beat, the Blockchain network’s TVL increased by a significant 97.12% in the last 7 days, surpassing 159 million dollars. The impressive growth in TVL indicates that the Blockchain network is rapidly gaining popularity and attracting significant user interest.
On the other hand, despite being launched only two weeks ago, the Blockchain network has recorded 61 million on-chain transactions and ranked third in Blockchain activity. This high level of participation reflects the ecosystem’s strong appeal and the community’s enthusiasm.
For those unfamiliar, Gravity Alpha Mainnet is specifically designed for cross-Blockchain experiences and full Blockchain abstraction. It differentiates itself by offering many unique features compared to other Layer-1 networks.
Gravity Alpha Mainnet is part of Galxe’s broader vision, as stated in the official ecosystem roadmap. The ecosystem has significant partnerships and collaborations with Arbitrum, LayerZero, The Graph, Binance Web3 Wallet, onramp.money, DappRader, DefiLama, Camelot, Particle, and Lifi. These collaborations and partnerships are expected to further enhance Gravity’s functionality and adoption, ensuring strong growth in the competitive Blockchain world, as current on-chain data shows that the targeted goals are being met to some extent.
Galaxy Operation Event Set to Take Place
In addition to impressive on-chain and performance metrics, Gravity is preparing to host the “Galaxy Operation” exhibition event with Movement at this year’s Token 2049. The event is expected to announce expanding ecosystem and collaborative initiatives with the participation of projects like Refraction, Arkham, EigenLayer, and Berachain.
