Abstract
- Eclipse is a highly ambitious project, aiming to become the Solana of Ethereum, in order to differentiate itself from other Layer 2s.
- Eclipse is the first universal Layer 2 built on Ethereum based on SVM, integrating the core advantages of a modular stack, with the goal of becoming the fastest and most versatile Layer 2 driven by SVM on Ethereum.
- Currently, the Eclipse ecosystem is gradually being built, mainly focusing on the development of areas such as DeFi and MEME.
Project Features
1.Solana Virtual Machine (SVM): Eclipse has chosen to use the Solana Virtual Machine, rather than the traditional Ethereum Virtual Machine (EVM). Vijay has mentioned on multiple occasions that the design of SVM has higher parallel processing capabilities, which means it can process more transactions simultaneously, significantly improving overall throughput. This is because SVM utilizes the multi-core processing capabilities of modern hardware more efficiently, while EVM is more focused on sequential execution.
2.Modular Architecture Design: Eclipse's architecture emphasizes modularity and flexibility, allowing different technology components to be upgraded independently. This includes the execution layer, settlement layer, and data availability layer, each of which can be optimized or replaced according to needs to achieve optimal performance.
3.Ethereum Settlement Layer: Although adopting SVM, Eclipse still uses Ethereum as its settlement layer, in order to maintain close compatibility with the Ethereum ecosystem, while enjoying the widely recognized security and decentralization features of Ethereum.
Team
Neel Somani, the former founder of Eclipse Labs, was accused of sexual assault and left the company in May 2024. Vijay Chetty, the former Chief Growth Officer, was promoted to CEO after Somani's departure.
The current team members of Eclipse Labs are as follows:
Vijay Chetty - Chief Executive Officer (CEO): Previously served as Chief Growth Officer, has extensive experience in the cryptocurrency industry, having held important positions at Uniswap Labs, dYdX Trading, Ripple Labs, and BlackRock. Vijay Chetty graduated from Princeton University.
Terry Chung - Head of Strategy: Comes from a research analyst background at 1kx, holding a bachelor's degree in mathematics from Columbia University.
Se Yong Park - Head of Ecosystem: Previously worked at dYdX, responsible for ecosystem-related affairs.
Veronica Buron - Head of Business Development (BD): Before joining Eclipse, she was responsible for institutional sales at The TIE. Veronica Buron is a graduate of Brown University.
Nathan Cha - Head of Marketing: Prior to Eclipse, he was the Head of Marketing at dYdX, and graduated from New York University.
David Lin - Head of Engineering: Previously served as the Vice President of Engineering at Discreet Labs and the Engineering Manager at ThunderCore, leading the engineering team at Eclipse.
Financing
Eclipse's narrative has attracted the attention of many top-tier investment institutions, including Polychain and Hack VC, with a total cumulative funding of $65 million.
Financing dynamics in 2024:
Eclipse Labs announced the completion of a $50 million funding round. The investors in this round include well-known institutions such as Placeholder, Hack VC, Delphi Digital, Maven11, Polychain, Fenbushi Capital, Bankless Ventures, OKX Ventures, Flow Traders, and DBA, as well as individual investors such as John Adler, Austin Federa, and DCInvestor.
Financing dynamics in 2022:
•Seed Round (September 27, 2022): Eclipse completed a $9 million seed round, with participation from institutions such as Tribe Capital, Infinity Ventures Crypto, CoinList, Caballeros Capital, Soma Capital, and Struck Capital.
•Pre-Seed Round (August 2022): Prior to this, Eclipse had raised $6 million from investors such as Polychain, P2 Ventures, Tribe Capital, Accel, Galileo, Tabiya, and The House Fund.
Technical Architecture
Modular Architecture Eclipse has adopted a highly modular architectural design:
Execution Layer: Using the Solana Virtual Machine (SVM), providing higher parallel processing capabilities and throughput.
Settlement and Consensus Layer: Choosing Ethereum, leveraging its security and large user base.
Data Availability Layer: Collaborating with Celestia to optimize data publication costs and efficiency.
Proof Layer: Planning to use Zero-Knowledge (ZK) technology to enhance trust minimization.
- This gives Eclipse the security of Ethereum, the performance of Solana, and the data availability of Celestia.
Ethereum Security: As an Ethereum Layer 2, Eclipse benefits from Ethereum's security. By settling on Ethereum, Eclipse inherits Ethereum's strong security guarantees and network effects, including a large user base and assets.
Solana Performance: Eclipse has adopted the Solana Virtual Machine (SVM) as its execution environment. This means Eclipse can provide Solana-like high performance, including high throughput and low latency, which is due to the optimized design of SVM, allowing applications to be ported from Solana to Eclipse almost seamlessly.
Celestia Data Availability: For data storage availability, Eclipse uses Celestia. Celestia is a modular blockchain focused on data availability, allowing networks like Eclipse to only publish transaction data summaries, without all nodes needing to store all data, thereby improving scalability.
Eclipse Interaction
1. Install the Backpack wallet (supports Eclipse mainnet):
https://chromewebstore.google.com/detail/backpack/aflkmfhebedbjioipglgcbcmnbpgliof
2. Bridge ETH from the Ethereum mainnet to the Eclipse mainnet through the official cross-chain bridge (can be done when gas is low, the cross-chain process takes a few minutes):https://bridge.eclipse.xyz/
3. Mint free Non-Fungible Tokens (NFTs) on the Eclipse mainnet (4 hours left)
4. Interact with other Eclipse ecosystem projects periodically (the current Eclipse ecosystem has relatively few projects, judge for yourself whether to interact):
Lending project swaylend: https://swaylend.com
NFT launchpad scopenft: https://scopenft.xyz
DEX: https://invariant.app/swap
Order book DEX: manifest.trade
This is a simple introduction to Eclipse. Hope it helps.
