Eclipse Launches Mainnet as First Ethereum SVM L2 Solution, Secures $50M, Live on Celestia

Jul 31, 2024, 07:57 AM

Eclipse has announced the launch of its Mainnet, becoming the first Ethereum Layer 2 (L2) solution to utilize the Solana Virtual Machine (SVM) for scaling Ethereum. This milestone marks a significant step forward in Ethereum scalability. Eclipse had previously secured $50 million in Series A funding led by Placeholder and Hack VC. The mainnet is now open for builders and developers and is live on Celestia, processing approximately 40 data blobs per block. The launch has been met with enthusiasm from the community and is expected to facilitate the deployment of various decentralized applications (dApps). This development highlights the potential of alternative VM rollups in enhancing modularity.