Coinbase Adds Support for Rebranded Layer-1 Blockchain Gravity (G)
- The renowned US-based cryptocurrency exchange Coinbase is now supporting Gravity (G), the native token of a rebranded layer-1 blockchain.
- Coinbase’s move to list Gravity comes after leading exchanges Binance and Crypto.com also added support during its rebranding phase.
- Gravity, previously known as Galxe, aims to revolutionize cross-chain interactions with advanced technologies like zero-knowledge proofs (ZKPs) and a restaking-powered architecture.
Discover the latest updates on Coinbase’s support for Gravity, a rebranded crypto asset poised to redefine cross-chain transactions.
Coinbase Announces Support for Gravity
In a recent announcement, Coinbase has revealed that it will add support for Gravity (G), a token native to a rebranded layer-1 blockchain previously known as Galxe. This move is part of Coinbase’s ongoing efforts to increase transparency within the cryptocurrency industry, which began in 2022 with the introduction of their listing roadmap.
Gravity’s Advanced Cross-Chain Technology
According to its official website, Gravity is designed to facilitate secure and efficient cross-chain transactions. The platform boasts high-performance capabilities and a fast-finality chain aimed at meeting the demands of high-throughput applications. Gravity’s cross-chain settlement protocol allows applications to utilize it as a settlement layer for user intents across various blockchain networks.
Recent Support from Major Exchanges
Last week, Gravity garnered support from top global crypto exchanges Binance and Crypto.com, marking a significant milestone in its rebrand from Galxe to Gravity. The migration, which took place in the second week of July, has elevated Gravity’s profile, setting the stage for mass adoption and an omnichain future.
Technological Innovations Behind Gravity
In a recent social media thread, Gravity outlined the cutting-edge technologies that underpin its platform. Utilizing zero-knowledge proofs (ZKPs), advanced consensus mechanisms, and a restaking-powered architecture, Gravity simplifies chain interactions, making it easier for developers to build and deploy high-performance applications across multiple blockchains.
Current Market Performance
As of the time of writing, Gravity (G) is trading at $0.0408, reflecting a 7.49% decrease over the last 24 hours, according to CoinMarketCap. These fluctuations are typical in the volatile crypto market, underscoring the importance of due diligence for investors.
Conclusion
Coinbase’s decision to add Gravity to its platform marks a significant step in the token’s journey towards wider acceptance and usability. With its innovative technology and growing support from leading exchanges, Gravity is well-positioned to be a major player in the world of cross-chain transactions. Investors and developers alike will find value in keeping an eye on this evolving asset as it continues to make strides in the cryptocurrency landscape.
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