Galactica Network Token GNET Plummets 98% Since All-Time High

Galactica Network is a Layer 2 blockchain that focuses on privacy-preserving identity verification for decentralized finance applications. Its native token, GNET, powers identity verification across the chain.

The protocol uses zero-knowledge proofs to confirm user credentials privately on the chain, addressing the tension between regulatory compliance and personal data privacy.

GNET trades at $0.002303 with a fully diluted valuation of $2.3 million, down 98% from its all-time high of $0.1084 in October 2025. The token's thin trading volume contributes to this risk.

Roughly 98% decline raises clear investor concerns, and Galactica must differentiate its ZK approach clearly to gain meaningful market share in a competitive identity verification space dominated by Worldcoin, Privado ID (formerly Polygon ID), and Civic.