Author: Patryk Krasnicki, Senior Analyst, Messari Protocol Research; Translated by: 0xjs@Golden Finance
Eclipse is the crypto intersection. It is the connection between Solana, Ethereum, and Celestia.
The top ecosystems and monetary assets of cryptocurrencies are converging on Eclipse, including ETH and SOL, as well as the up-and-coming TIA. Eclipse’s Canonical Bridge to Ethereum and the Hyperlane Nexus Bridge to Solana, Celestia, Stride, and Ethereum have greatly promoted interoperability.
The total value of assets bridged to Eclipse has grown to $171.2 million. Overall, 22.6% comes from Canonical Bridge, 71.7% comes from Hyperlane Nexus, and the remaining 5.7% comes from various bridges compatible with EVM Layer-2s, such as Relay, Owlto, and Orbiter.
Eclipse ecosystem at a glance:
Eclipse is aligned with Solana. Eclipse is a Solana Virtual Machine (SVM) 2-layer network that uses ETH to pay transaction fees while leveraging the SVM’s native fee market. The network optimistically settles to Ethereum while publishing data to Celestia. Similar to Ethereum’s MegaETH, Eclipse’s technical strategy is to optimize only for execution performance.
What is the long-term goal of Eclipse? Providing abundant high-performance block space and redistribution of value (transaction fees and MEV) to applications. The model aims to provide a network where all applications can effectively serve users at the same time while being rewarded for the activities they generate. This eliminates the need to launch dedicated application chains, as happened on Ethereum and Cosmos.
An ecosystem is emerging.
Similar to Sanctum’s INF token, Eclipse is developing tETH, Eclipse’s native re-collateralized token backed by six assets.
Eclipse-native DeFi applications such as Solar DEX and Astrol are gaining traction.
The community has rallied behind NFT projects deployed through Scope, such as After School Club, a 10k pfp with the attention of the entire core team.
Recently, Turbo Tap was deployed to highlight the performance of Eclipse. With an average transaction fee of $0.0003, people are using it heavily. Turbo Tap has become the largest application on Eclipse by active addresses and transaction volume, while helping Eclipse maintain an average TPS metric of over 1,845 in the past five days.
