Eclipse Launches Public Mainnet for Ethereum Layer 2 Network Using SVM Architecture

The Ethereum Layer 2 network Eclipse, supported by Solana Virtual Machine (SVM) technology, announced on Thursday that its public mainnet is now live. Over 60 decentralized applications (dApps) and service providers are already active on the network, allowing users to experience Solana’s speed on Ethereum.

Eclipse combines Solana’s high speed and parallel execution with Ethereum’s security and liquidity, aiming to become the “best place for dApps” and address the liquidity and developer fragmentation issues in both ecosystems. This scaling solution also uses Celestia for data availability and RISC Zero to establish zero-knowledge (ZK) proofs for SVM execution.

The Eclipse mainnet was previously opened to developers in July and has been open to the public since November 7. Some of the larger decentralized finance (DeFi) protocols in the Solana ecosystem, such as Orca and Save (formerly Solend), have already launched on Eclipse.

Eclipse has raised $65 million across three funding rounds, the most recent being a $50 million round led by Hack VC and Placeholder in March this year. In July, there were reports that the cryptocurrency venture capital firm Polychain accused its former general partner Niraj Pant of having struck a behind-the-scenes deal with Eclipse’s development company, Eclipse Labs. The former CEO of Eclipse Labs, Neel Somani, who resigned in May over allegations of misconduct, denied these accusations.

Asset Bridging

According to the announcement, wallets that support Eclipse include Backpack, Nightly, and Salmon Wallet. Users can utilize the official cross-chain bridge to bridge Ether (ETH) from the Ethereum mainnet to Eclipse, while USDC, USDT, WBTC on Ethereum mainnet, or SOL, USDC, WIF on Solana can be bridged using Hyperlane’s cross-chain protocol. Other supported cross-chain protocols include Owlto, Gas.Zip, and Orbiter.

Eclipse’s official gas token is ETH, and users can opt to acquire ETH on Eclipse through its “Gas Station.” This feature allows users to bridge other tokens and automatically convert a portion of these tokens into ETH to cover gas fees.

To introduce liquid re-staked tokens (LRT) into the ecosystem, Eclipse has partnered with Nucleus to launch a unified re-staking token, tETH. Users can deposit EtherFi’s eETH, Renzo’s ezETH, Swell’s rswETH, Dinero’s steakETH, or Puffer’s pufETH on the official minting platform to mint tETH.

Sources:
Eclipse, The Defiant

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