Top US Crypto Exchange Coinbase Adds Newly Rebranded Layer-1 Token to Listing Roadmap

Top US-based crypto exchange platform Coinbase is adding support for the native asset of a layer-1 blockchain that recently rebranded itself.

In a new announcement, Coinbase says it’s adding layer-1 protocol Gravity (G), formerly known as Galxe (GAL), to its listing roadmap, which was created in 2022 as a means of increasing transparency and stifling front-running.

Gravity is an interoperable smart contract platform that aims to securely and efficiently perform cross-chain transactions, according to its official website.

“To meet the demands of high-throughput applications, Gravity features a cross-chain settlement protocol designed to maximize the capabilities of its high-performance and fast-finality chain. This protocol allows applications to use Gravity as the settlement layer for user intents across any chain.”

Last week, both top global crypto exchange platforms Binance and Crypto.com supported the digital asset’s migration from Galxe to Gravity. The transition occurred during the second week of July.

In a new thread on the social media platform X, Gravity explains how its technology makes cross-chain interactions easier.

“Welcome to the decentralized future of Galxe. Introducing Gravity, the layer-1 blockchain designed for mass adoption and an omnichain future.

Gravity simplifies chain interactions with advanced technology like ZKPs (zero-knowledge proofs), cutting-edge consensus mechanisms, and restaking-powered architecture.”

G is trading for $0.0408 at time of writing, a 7.49% decrease during the last 24 hours, according to CoinMarketCap.

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