On the other hand, Eclipse, a modular blockchain network dedicated to developing Ethereum Layer 2 solutions using the Solana Virtual Machine (SVM), has announced the completion of a $50 million Series A funding round led by Placeholder and Hack VC. With this round of funding, Eclipse has raised a total of $65 million. Other investors include Polychain Capital, Delphi Digital, Maven 11, DBA, and Fenbushi Capital.

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