Eclipse, the first Ethereum L2 based on the Solana Virtual Machine (SVM), has officially launched its mainnet. This innovative blockchain project, which secured over $65 million in funding prior to its launch, aims to bridge the gap between Ethereum and Solana, offering a powerful platform that caters to both communities.
By leveraging the Solana Virtual Machine, Eclipse enables users to transact on Ethereum faster and more cheaply. Similar to other Ethereum L2s, the network bundles transactions and settles them on the Ethereum mainnet. This approach allows Eclipse to benefit from Ethereum’s robust decentralization and vast asset base while utilizing Solana’s high-performance execution capabilities.
The Eclipse Foundation has already added notable projects like automated market maker Orca and lending protocol Save to its network, demonstrating its commitment to building a vibrant ecosystem. The foundation believes that Eclipse will provide users and developers with the “best of both worlds,” allowing DApps on the Ethereum L2 to communicate seamlessly with native Solana applications.
This launch marks a significant milestone in the blockchain industry, as it represents a novel approach to scaling Ethereum and bridging the gap between two of the most prominent blockchain networks. Eclipse’s unique architecture and strategic partnerships position it to become a major player in the L2 landscape, attracting developers and users from both the Ethereum and Solana communities.
