Crypto research firm Galxe has announced the official shutdown of Gravity Alpha mainnet on November 1, 2026. According to the latest announcement, the network will permanently cease operations at that time, with assets on the Alpha mainnet becoming non-transferable after the shutdown date. The G staking page on Galxe will also be taken offline, requiring all staked G tokens to be withdrawn before November 1. Developers are mandated to migrate any dApps, bots, or scripts deployed on the Alpha mainnet to Gravity L1 as part of the transition process.
Galxe's Gravity Alpha mainnet shutdown adds to a series of closures across different parts of the crypto industry this year. Earlier this month, cryptocurrency exchange AscendEX halted operations citing regulatory requirements under the European Union's Markets in Crypto-Assets framework and ongoing financial difficulties. In May, Solana-based DeFi yield protocol Carrot announced permanent shutdown after losses tied to the Drift Protocol exploit made continued operations impossible. The closures also include Vlad.fun, which suspended operations after reporting serious internal integrity issues, and TapTools, which wound down after losing its fifth senior executive of the year.
The Gravity Alpha mainnet served as the first phase of Galxe's blockchain, handling production traffic and identifying execution bottlenecks to support the development of Gravity L1. The upcoming Gravity L1 network includes features such as Grevm parallel EVM execution, sub-second finality, and native oracles for validator certification. This transition represents Galxe's evolution from its initial mainnet phase to a more advanced blockchain infrastructure designed to handle increased traffic and provide enhanced features for users and developers.
The closure of Galxe's Gravity Alpha mainnet represents another significant development in the ongoing challenges facing the crypto industry. According to reports, several closures during the first half of the year were linked directly to the fallout from the Drift Protocol exploit. Carrot instructed users to withdraw remaining assets before beginning deleveraging, while Pyra stopped accepting new users and gave existing customers until September 15 to withdraw funds. The announcements did not include specific timelines for winding down services or provide further details about the circumstances that led to the firm's closure.
