Deep Dive
1. L1 Migration & Network Transition (Mixed Impact)
Overview: Gravity is deprecating its Alpha Mainnet (L2) in favor of its new Layer 1 chain. The native bridge for outbound G transfers ended on October 25, 2026, and the old network will fully shut down on November 1, 2026 (Gravity). This forces users and developers to migrate assets and applications, a process that can disrupt short-term liquidity.
What this means: The imminent deadline could trigger sell-offs as users bridge out tokens, pressuring the price downward in the very near term. However, a successful consolidation onto the higher-performance L1 could improve network effects and token utility over the medium term, provided the transition is smooth.
2. Adoption of Gravity L1 & Galxe Ecosystem (Bullish Impact)
Overview: G is the native gas and staking token for Gravity L1, which powers the Galxe ecosystem—a Web3 growth platform with reported ~36 million users (Gate.io). The chain targets over 12,000 TPS, and its SDK aims to simplify development. Demand for G is directly linked to on-chain activity, staking, and fee payments across Galxe's products.
What this means: If Gravity L1 attracts significant developer projects and sustains high transaction volume from Galxe's user base, demand for G for gas and staking could rise substantially. This creates a clear bullish pathway, but it depends on execution and broader market appetite for new L1s.
3. Supply Schedule & Security Risks (Bearish Impact)
Overview: G has a maximum supply of 12 billion, with ~11.2 billion already circulating. A corrected vesting schedule shows continued unlocks, projecting the circulating supply to reach 12 billion by the end of 2028 (Upbit). Furthermore, the Gravity Bridge suffered a $5.4 million exploit in May 2026 (Bitcoin.com), underscoring infrastructure risks.
What this means: The steady increase in circulating supply acts as a persistent headwind, potentially capping price gains unless offset by explosive demand. Recurring security incidents could damage investor confidence and hinder institutional adoption, presenting a significant downside risk.
Conclusion
G's price faces a clash between near-term migration pressures and long-term utility promises. Traders should watch for post-November 1 liquidity stability on L1, while long-term holders must gauge real adoption metrics against ongoing supply unlocks.
Is Gravity L1's transaction growth outpacing its token vesting schedule?