The Ethereum Layer 2 network Eclipse, powered 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 enabled on this 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 these two ecosystems. This scaling solution also uses Celestia for data availability and employs RISC Zero to create zero-knowledge (ZK) proofs of SVM execution.
The Eclipse mainnet was previously opened to developers in July and became available to the public starting November 7th. Some 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 of this year. In July, reports indicated that the cryptocurrency venture firm Polychain accused its former general partner Niraj Pant of having made a behind-the-scenes deal with Eclipse’s development company, Eclipse Labs. The former CEO of Eclipse Labs, Neel Somani, who resigned in May following allegations of misconduct, denied these accusations.
Asset Bridging
According to the announcement, wallets supporting 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. Meanwhile, USDC, USDT, WBTC on the 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 obtain ETH on Eclipse through its “Gas Station.” This feature allows users to bridge other tokens and automatically exchange a portion of these tokens into ETH for gas fees.
To introduce Liquidity Re-Staking Tokens (LRT) into the ecosystem, Eclipse has partnered with Nucleus to launch the 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
