Author: Patryk Krasnicki, Senior Analyst at Messari Protocol Research; Compiled by: 0xjs@Golden Finance
Eclipse is the crossroads of cryptocurrency. It is the connection between Solana, Ethereum, and Celestia.
Top ecosystems and monetary assets in cryptocurrency are converging on Eclipse, including ETH and SOL, as well as the emerging TIA. Eclipse bridges Ethereum's Canonical Bridge and bridges Solana, Celestia, Stride, and Ethereum's Hyperlane Nexus Bridge, greatly facilitating interoperability.
The total value of assets bridged to Eclipse has grown to $171.2 million. Overall, 22.6% comes from the Canonical Bridge, 71.7% from Hyperlane Nexus, and the remaining 5.7% from various bridges compatible with EVM Layer-2s, such as Relay, Owlto, and Orbiter.
Overview of the Eclipse ecosystem:
Eclipse aligns with Solana. Eclipse is a Solana Virtual Machine (SVM) Layer 2 network that uses ETH to pay transaction fees while leveraging SVM's native fee market. The network optimistically settles to Ethereum while publishing data to Celestia. Similar to MegaETH's alignment with Ethereum, Eclipse's technical strategy is solely optimized for execution performance.
What is Eclipse's long-term goal? To provide abundant high-performance block space and the redistribution of value (transaction fees and MEV) to applications. This model aims to create a network where all applications can serve users effectively at the same time while being rewarded for the activities they generate. This eliminates the need to launch dedicated application chains, as seen on Ethereum and Cosmos.
An ecosystem is emerging.
Similar to Sanctum's INF token, Eclipse is developing tETH, a native re-staking token of Eclipse supported by six assets.
Eclipse's native DeFi applications (such as Solar DEX and Astrol) are gaining attention.
The community has come together to support NFT projects deployed via Scope, such as After School Club, a 10k pfp that has captured the attention of the entire core team.
Recently, Turbo Tap was deployed to highlight Eclipse's performance. The average transaction fee is $0.0003, and it is being used extensively. Turbo Tap has become the application with the most active addresses and transaction volume on Eclipse, helping to maintain an average TPS metric of over 1,845 in the past five days.
