The team behind Eclipse, the pioneering Ethereum layer 2 solution leveraging the Solana Virtual Machine for transaction execution, is gearing up for its mainnet launch this October.
In an interview with Cointelegraph during the Solana Breakpoint conference held in Singapore on September 20, Vijay Chetty, CEO of Eclipse Labs, stated, “The public mainnet is set to launch towards the end of October.”
Eclipse’s mission is to merge the advantages of Ethereum, Solana, and the layer-1 blockchain Celestia to achieve “Web2 scale in Web3.” Celestia will play a crucial role in data storage for the project.
Chetty elaborated on the vision of constructing a blockchain by integrating the finest aspects of each platform, emphasizing that this approach allows Eclipse to potentially mitigate the shortcomings associated with these blockchains.
He pointed out that both Solana’s limitations in decentralization and Ethereum’s slower transaction speeds on its base layer have hindered their broader success. While Ethereum layer 2 solutions do provide increased transaction throughput, many blockchains resort to offchain data storage due to various constraints, including cost. Eclipse aims to address this issue through its Celestia integration.
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Eclipse will encounter fierce rivalry in the competitive Ethereum layer-2 landscape. Data from L2Beat indicates that Arbitrum One, Base, and OP Mainnet are currently the largest Ethereum layer-2 solutions, holding total values locked at $13.7 billion, $6.5 billion, and $6 billion, respectively.
To make up for the competitive gap, Chetty mentioned that Eclipse will incorporate several established “Solana blue chip apps” and develop a range of native applications. Prominent Solana applications expected to transition to Eclipse include decentralized exchanges like Mango and Orca, along with the lending and borrowing platform Solend. Some of these applications will also be rebranded, Chetty noted.
Scenes from the Solana Breakpoint conference in Singapore. Source: Cointelegraph.
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