Galxe

Project Galaxy was a network that aggregates Web3 digital credential data for developers to query, with uses such as loyalty programs and growth campaigns. In January 2022 Project Galaxy announced a $10 million round co-led by Multicoin CapitalMulticoin CapitalMulticoin Capital began operations on October 1, 2017, and invests mainly in crypto companies and protocols across public and private markets. It runs a Master Fund that invests mainly in tokens, as well as venture funds that back early-stage companies.Open the full entry and Dragonfly Capital; Harry Zhang is one of its co-founders.⁠[1]

Other participants in the round included Spartan Group, Jump Capital, Alameda Research and Coinbase’s venture arm.⁠[2]

On September 6, 2022, Project Galaxy announced that it had renamed itself Galxe and adopted a new logo. Chief marketing officer Anne Ouellet said, “We are no longer a ‘project’ but rather a fully-fledged ecosystem within Web3.” The company then said it had more than 4.2 million Galxe ID users and 762 partner protocols or communities.⁠[3]

On October 6, 2023, Galxe confirmed that its account at the domain registrar Dynadot had been compromised and the DNS record for galxe.com altered, sending visitors to a phishing site linked to a malicious contract; Galxe urged users to avoid the site. On-chain investigator ZachXBTZachXBTZachXBT is a pseudonymous blockchain investigator who examines cryptocurrency scams, thefts and fund movements, and serves as an incident response advisor to Paradigm. His work involves public investigations, onchain analysis and collaboration with security researchers and law enforcement.Open the full entry noted that a linked address had received more than $160,000 from users.⁠[4]

In July 2024 Galxe migrated its GAL token to G, the token of the Gravity ecosystem, at a ratio of 1 to 60. The migration portal opened on July 9 for at least one year, staked GAL converted automatically after July 19, and the initial supply of G was 12 billion.⁠[5]

Galxe officially launched Gravity Alpha Mainnet in August 2024, a Layer 2 built on Arbitrum’s Nitro stack through Arbitrum Orbit to bring Galxe’s data transactions onchain; loyalty points from Galxe Quest also moved to the chain. It processed more than 200 million transactions in its first two months.⁠[6]

On June 4, 2026, Gravity announced the start of the transition to the Gravity L1 mainnet. The chain executes transactions with Grevm, a parallel EVM running on Gravity Reth, uses AptosBFT consensus and began in permissioned mode with a small set of invited validators; Galxe was the first application to migrate, and the Alpha mainnet was to be sunset over the following months.⁠[7]

On July 22, 2026, Galxe announced that network operations of Gravity Alpha Mainnet would end on November 1, 2026, after which remaining assets could not be transferred. Users had to move assets off through the official Gravity Bridge or Stargate and withdraw staked G before that date. Galxe said running two networks split developer resources, liquidity and tooling.⁠[8]