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 have already been enabled 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 destination for dApps” and address the issues of liquidity and developer dispersion within these two ecosystems. This scaling solution also utilizes 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 accessible to the public since November 7. Some larger decentralized finance (DeFi) protocols within the Solana ecosystem have already launched on Eclipse, such as Orca and Save (formerly Solend).
Eclipse has raised $65 million in three funding rounds, with the most recent being a $50 million round led by Hack VC and Placeholder in March of this year. In July, reports suggested that cryptocurrency firm Polychain accused its former general partner Niraj Pant of engaging in a behind-the-scenes deal with Eclipse development company Eclipse Labs. Neel Somani, the former CEO of Eclipse Labs, denied these allegations and resigned in May following accusations of misconduct.
Asset Bridging
According to the announcement, wallets supporting Eclipse include Backpack, Nightly, and Salmon Wallet. Users can bridge Ether (ETH) from the Ethereum mainnet to Eclipse using the official cross-chain bridge, 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 choose to acquire 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 to cover gas fees.
To introduce liquidity re-staking tokens (LRT) into the ecosystem, Eclipse collaborated 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