Originally published on: November 08, 2024
Eclipse has officially launched as the first layer-2 network merging Ethereum and Solana into a single blockchain, revolutionizing the way users transact on the Ethereum network.
By utilizing the Solana Virtual Machine (SVM) to execute transactions, Eclipse offers faster and cheaper transactions compared to traditional Ethereum networks. The network bundles transactions and settles them on the Ethereum mainnet, providing users with a seamless experience.
Adding to the excitement, Eclipse has integrated popular platforms such as automated market maker Orca and lending protocol Save into its network, along with several other top projects. With a promise to empower developers from both ecosystems, CEO Vijay Chetty stated, “Our goal is to empower developers to build and scale their dApps like never before, unlocking new opportunities across the largest networks in the industry.”
Eclipse boasts an impressive lineup of 60 Decentralized applications (DApps) and service providers at launch, spanning various sectors including decentralized finance (DeFi), consumer apps, and gaming.
With the backing of major industry players and a recent $50 million Series A funding round, Eclipse is set to make a significant impact on the blockchain space. The project aims to provide users and developers with the best of both worlds by combining Solana’s speed with Ethereum’s liquidity.
Stay tuned for more updates from Eclipse as it continues to redefine the possibilities of blockchain technology. Subscribe to our Crypto Biz newsletter for weekly insights on the latest trends in the industry and gain valuable knowledge to navigate the market effectively.
