Ethereum

Solana

Eclipse

Hybrid

<h4><strong>It’s the first Ethereum Layer-2 (L2) network powered by Solana, combining the strengths of both blockchains. </strong></h4>
<p>Before its launch, Eclipse raised over $65 million in funding, drawing attention from major investors.</p>
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      <h5><strong>Eclipse Combines Ethereum and Solana for Faster, Cheaper Transactions</strong></h5>
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<p>So, what does Eclipse do? It helps people use Ethereum faster and at a lower cost by using Solana’s technology, called the Solana Virtual Machine (SVM), to handle transactions. Like other <a href="https://www.altcoinbuzz.io/?s=Ethereum+L2" target="_blank" rel="noopener noreferrer nofollow">Ethereum L2 networks</a>, Eclipse bundles multiple transactions together and settles them on the Ethereum mainnet, making things smoother and quicker.</p>
<p>Eclipse has already attracted popular projects like Orca, an automated market maker, and Save, a lending protocol, which will be part of the network. The project also launched with 60 decentralized applications (DApps) across different sectors, including decentralized finance (DeFi), gaming, and consumer apps. “Our goal is to empower developers from both ecosystems to build and scale their DApps like never before,” said Eclipse CEO Vijay Chetty.</p>
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 <p dir="ltr" lang="en">Public mainnet is live with over 60 apps and service providers on day one.</p>
 <p>Explore and participate in our ecosystem at <a href="https://t.co/i5CyG67nVU" rel="noopener noreferrer nofollow">https://t.co/i5CyG67nVU</a>. <a href="https://t.co/r6frGsRwIH" rel="noopener noreferrer nofollow">pic.twitter.com/r6frGsRwIH</a></p>
 <p>— Eclipse (<img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f42e.png" alt="🐮" class="wp-smiley" style="height: 1em; max-height: 1em;">,<img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f311.png" alt="🌑" class="wp-smiley" style="height: 1em; max-height: 1em;">) (@EclipseFND) <a href="https://twitter.com/EclipseFND/status/1854569797222072463?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">November 7, 2024</a></p>
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<p>One of Eclipse’s standout features is that it connects Ethereum-based apps with native <a href="https://www.altcoinbuzz.io/?s=solana+ecosystem" target="_blank" rel="noopener noreferrer nofollow">Solana apps</a>. This “best of both worlds” approach allows developers and users to interact across two of the largest networks in the blockchain space.</p>
<h5><strong>More About Eclipse</strong></h5>
<p>The project got off to a solid start with a <a href="https://www.eclipse.xyz/articles/eclipse-labs-announces-50m-series-a-funding-co-led-by-placeholder-and-hack-vc" target="_blank" rel="noopener noreferrer nofollow">$50 million Series A funding round</a> led by Placeholder and Hack VC in March 2024. In total, Eclipse raised $65 million with support from investors like Solana co-founder Anatoly Yakovenko, Helius CEO Mert Mumtaz, and blockchain expert ZachXBT.</p>
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 <p dir="ltr" lang="en">With our community split between Ethereum and Solana, we are committed to delivering a smooth onboarding experience regardless of where you bridge from.</p>
 <p>Introducing the Eclipse Gas Station: Swap SOL, USDC, and tETH for ETH gas without needing to bridge from Ethereum mainnet. <a href="https://t.co/H2bcssGutb" rel="noopener noreferrer nofollow">pic.twitter.com/H2bcssGutb</a></p>
 <p>— Eclipse (<img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f42e.png" alt="🐮" class="wp-smiley" style="height: 1em; max-height: 1em;">,<img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f311.png" alt="🌑" class="wp-smiley" style="height: 1em; max-height: 1em;">) (@EclipseFND) <a href="https://twitter.com/EclipseFND/status/1854569802892796342?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">November 7, 2024</a></p>
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<p>However, the project faced some drama earlier this year. The former CEO, Neel Somani, stepped down in May after being accused of sexual assault, though no charges were filed.</p>
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<h6><strong>Disclaimer</strong></h6>
<p>The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted risk tolerance levels of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses you may incur due to any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd.</p>
<p>The post <a href="https://www.altcoinbuzz.io/cryptocurrency-news/eclipse-launches-ethereum-solana-hybrid-blockchain/" rel="noopener noreferrer nofollow">Eclipse Launches Ethereum-Solana Hybrid Blockchain</a> appeared first on <a href="https://www.altcoinbuzz.io" rel="noopener noreferrer nofollow">Altcoin Buzz</a>.</p>

Eclipse Launches Ethereum-Solana Hybrid Blockchain

Altcoin Buzz

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