The recently launched Gravity Alpha Mainnet by Galxe has recorded substantial growth in its total value locked (TVL) within a brief timeframe. Data from L2beat indicates that the TVL of this new Layer-1 Blockchain network surged by nearly 100% in the past week alone.
What is Driving the TVL Surge?
In just a short period, the Gravity Alpha Mainnet has drawn considerable attention from the cryptocurrency community. According to L2beat, the network’s TVL climbed by an impressive 97.12%, exceeding 159 million dollars. This rapid growth reflects the increasing user interest and the network’s rising popularity. Access COINTURK FINANCE to get the latest financial and business news.
Why is Gravity Alpha Mainnet Unique?
Despite being operational for only two weeks, the Blockchain network has already achieved 61 million on-chain transactions, ranking third in Blockchain activity. This significant level of engagement highlights the ecosystem’s strong appeal and the community’s enthusiasm.
Gravity Alpha Mainnet stands out by offering unique features tailored for cross-Blockchain experiences and full Blockchain abstraction. Its distinct capabilities set it apart from other Layer-1 networks.
Key Takeaways for Users
Users and investors can infer several valuable points from Gravity Alpha Mainnet’s recent performance:
- Significant TVL growth suggests robust user adoption and network trust.
- High on-chain transaction volume indicates active user participation.
- Unique cross-Blockchain features provide a competitive edge.
- Collaborations with major industry players enhance network functionality.
Gravity Alpha Mainnet is integral to Galxe’s wider vision, as outlined in the ecosystem roadmap. The network has formed notable partnerships with entities such as Arbitrum, LayerZero, The Graph, Binance Web3 Wallet, onramp.money, DappRadar, DefiLama, Camelot, Particle, and Lifi. These partnerships are expected to further elevate Gravity’s capabilities and adoption, as current on-chain data shows that the ecosystem is on track to achieve its goals.
Additionally, Gravity Alpha Mainnet is set to host the “Galaxy Operation” event at this year’s Token 2049, teaming up with Movement. The event will spotlight the expanding ecosystem and introduce new collaborative ventures with projects like Refraction, Arkham, EigenLayer, and Berachain.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Source: https://en.bitcoinhaber.net/gravity-alpha-mainnet-sees-major-tvl-increase