In the development of blockchain technology, Ethereum, as a pioneer of smart contract platforms, faces challenges of scalability and performance. Eclipse emerges as a layer 2 solution for Ethereum, innovatively merging Ethereum and Solana technologies, providing an efficient path for building decentralized applications (dApps).
🟩 Technical Architecture
(1) Merging the Advantages of Ethereum and Solana
Eclipse utilizes the Solana Virtual Machine (SVM), combining Ethereum's strong liquidity with Solana's parallel execution capabilities, addressing the performance bottleneck of single-threaded execution in most layer 2 solutions, achieving high speed and scalability.
(2) Modular Design
1. Settlement: Using Ethereum for settlement, ensuring transaction security and asset value basis.
2. Data Availability: Utilizing Celestia to provide data availability, efficiently publishing data and reducing costs.
3. Fraud Proof: Using RISC Zero for fraud proof, ensuring system security.
(3) SVM Characteristics
1. High Throughput: Allows for handling more dense applications, meeting the demands of a large number of transactions.
2. Local Fee Market: Optimizing resource allocation and improving transaction efficiency.
3. Smart State Management: Critical for the operation of complex applications.
🟩 Advantage Analysis
(1) Speed and Efficiency
With Solana technology, Eclipse can process transactions quickly and at low cost, suitable for high-performance applications.
(2) Security and Decentralization
Benefiting from the security of the Ethereum mainnet, providing reliable protection for users while maintaining decentralization.
(3) Interoperability
Developers can create applications across Ethereum and Solana networks, promoting cross-chain solutions and enhancing blockchain ecosystem interoperability.
(4) Scalability
As a layer 2 of Ethereum, it helps Ethereum overcome scalability limitations, providing space for more users and dApps.
🟩 Token Economic Model
(1) Introduction to tETH
Eclipse collaborates with Nucleus to launch the unified re-staking token tETH, integrating Ethereum yield generation protocols, providing users with convenient yield acquisition methods, diversifying risks, and maximizing reward exposure. However, tETH is not Eclipse's native token.
(2) Native Token Pending Launch
The native token economic model has not been announced and is pending future updates.
🟩 Funding Journey
(1) Pre-Seed Round
In August 2022, completed a $6 million Pre-Seed Round financing, with investors including Polychain, P2 Ventures, and others.
(2) Seed Round
On September 27, 2022, completed a $9 million seed round financing, with participation from institutions like Tribe Capital.
(3) Series A
On September 27, 2024, completed a $50 million Series A financing, with numerous institutions and individual investors participating, bringing total financing to $65 million after three rounds, with the project valuation reaching $1 billion.
🟩 Future Development
Ethereum sees Rollup as a core development route, bringing competition with a broad definition of Layer 2 to the market. Eclipse leverages modular development, integrating Ethereum's security, Solana's high performance, and Celestia DA, building a strong market narrative, and is expected to stand out in competition, promoting scalability and application innovation within the Ethereum ecosystem.