Coinbase, a leading US-based cryptocurrency exchange platform, has announced its support for the native asset of Gravity, a layer-1 blockchain that recently underwent a rebranding.
Gravity, formerly known as Galxe, is a layer-1 protocol that has been added to Coinbase’s listing roadmap in 2022. It aims to enhance transparency and prevent front-running in the crypto space.
According to Gravity’s official website, it is an interoperable smart contract platform designed to facilitate secure and efficient cross-chain transactions. The platform features a cross-chain settlement protocol that allows applications to utilize Gravity for settlement across different chains.
Last week, major global cryptocurrency exchanges Binance and Crypto.com supported Gravity’s migration from Galxe to its current form. This transition took place in the second week of July.
Gravity recently explained on social media how its technology simplifies cross-chain interactions and promotes mass adoption in the decentralized future of blockchain.
The price of Gravity’s native token, G, is currently trading at $0.0408 with a 7.49% decrease in the last 24 hours, as per CoinMarketCap.
Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
Check Price Action
Follow us on Twitter, Facebook, and Telegram
Surf The Daily Hodl Mix
Generated Image: Midjourney
