Layer 2 blockchain network Eclipse, one of the most anticipated network launches of the year, officially went live for public use on November 7, after 11 months of beta testing.
Eclipse is pioneering a hybrid approach that leverages the Ethereum mainnet’s security and Solana’s high-speed transactions. Specifically, it allows users to perform Ethereum transactions more efficiently through the Solana Virtual Machine (SVM). However, like other Ethereum layer-2 solutions, Eclipse aggregates transactions and finalizes them on Ethereum’s main chain.
The network’s unique setup enables communication between Ethereum Layer 2 DApps and native Solana apps, a breakthrough that offers users the “best of both worlds,” according to the developers.
According to the Eclipse Foundation, the network is already home to over 60 dApps and service providers spanning sectors like DeFi, gaming, and consumer applications.
The launch partners include major projects such as the automated market maker Orca and the lending protocol Save, with plans for further integration of leading projects in the ecosystem.
In a pre-launch interview, Eclipse Labs CEO Vijay Chetty emphasized the platform’s mission to empower developers from Ethereum and Solana ecosystems and allow them “to build and scale their DApps like never before.”
Eclipse Labs raised $50 million in a Series A funding round led by Placeholder and Hack VC in March 2024. It has also attracted strategic investments from figures like Solana co-founder Anatoly Yakovenko and Helius CEO Mert Mumtaz.
The launch follows a leadership transition at Eclipse Labs in May 2024, when former CEO Somani stepped down due to allegations of sexual misconduct. Chetty, the company’s former chief growth officer, took over the CEO role and is now guiding the project through its next phase.
Chetty brings significant experience, having previously held leadership positions at Uniswap Labs, dYdX Trading, and Ripple Labs, as well as investment expertise from his time at BlackRock.
If you want to read more news articles like this, visit DeFi Planet and follow us on Twitter, LinkedIn, Facebook, Instagram, and CoinMarketCap Community.
“Take control of your crypto portfolio with MARKETS PRO, DeFi Planet’s suite of analytics tools.”
