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Eclipse Launches Public Mainnet

The project brings Solana technology to Ethereum, launching as Ethereum’s first SVM Layer 2 network.
By: Squiffs • November 07, 2024
Eclipse Launches Public Mainnet

Eclipse’s mainnet is now live, merging the Solana Virtual Machine with Ethereum to be “the best place for dApps” and solve the issue of liquidity and developer fragmentation across the two ecosystems.

The scaling solution, which blends Solana’s high speed and parallel execution with Ethereum’s security and liquidity, is now live with more than 60 decentralized applications (dApps) in the ecosystem. Eclipse also utilizes Celestia for data availability and RISC zero for its zero-knowledge (zk) proofs.

Eclipse Announcement
Eclipse Announcement

The mainnet launched for developers in July but is open to the public as of Nov. 7 and includes some larger Solana-based DeFi projects such as Orca and Save, formerly known as Solend.

Users can use familiar tools to bridge and interact with Eclipse, with Backpack wallet integration and a variety of third-party bridges such as Owlto and Orbiter. Despite the chain’s SVM architecture, Eclipse’s transaction fees will be denominated in ETH.

The project has raised $65 million across three funding rounds, the most recent being for $50 million in March, led by Hack VC and Placeholder. Its initial seed round, led by Polychain, was for $6 million in September 2022.

Eclipse CEO Vijay Chetty said, “Eclipse is uniquely positioned as the first solution to bridge the gap between Solana and Ethereum, offering a powerful platform that caters to both communities. Our goal is to empower developers from both ecosystems to build and scale their dApps like never before, unlocking new opportunities across the largest networks in the industry.”

Our articles are stored on Filecoin.

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