Messari Report: Galxe Ecosystem Expansion Accelerates, User Growth Up by 287%

BlockBeats News, February 6th, Recently, Messari released an in-depth report on the Web3 super app Galxe. The report highlights Galxe's significant growth in driving Web3 ecosystem innovation and adoption through its comprehensive products such as Galxe Passport (digital passport), Galxe Quest (task platform), Galxe Identity Protocol (identity protocol), Galxe Score (reputation score), as well as Alva (AI-driven crypto insights tool) and services, supporting identity verification, community interaction, real-time AI crypto insights.

The Galxe ecosystem is experiencing explosive growth. As of the third quarter of 2024, Galxe has issued 362,000 credentials. Galxe users have grown from 2.6 million in the fourth quarter of 2023 to 10 million in the third quarter of 2024, a 287% increase, with a total of 31.4 million cumulative unique active users. Over 6,500 projects have created tasks through Galxe, with 977,000 Galxe Passport holders.

Following the launch of its high-performance Layer-1 blockchain Gravity Alpha mainnet, there are now 25.2 million wallet addresses and an average daily transaction volume of 799,000. Gravity is expected to officially launch its mainnet in Q4 2025.

In July 2024, Galxe announced the token upgrade of its GAL token to G at a 1:60 ratio. The new token G will serve as the native Gas token of the Gravity network, supporting multiple ecosystem functions including staking, governance, and platform transaction fee payment. As of now, the G token has completed circulation of 7.2 billion (60.3% of total supply).