Introduction to Eclipse
Eclipse is a customizable rollup provider compatible with multiple layer 1 blockchains. The platform enables developers to deploy their own rollups powered by Solana OS, using any chain for security or data storage.
Eclipse Team
Vijay Chetty is the CEO of Eclipse, and he was previously the project's Chief Growth Officer. Prior to that, Vijay Chetty served as the head of business development at the decentralized exchanges Uniswap and dYdX. Vijay Chetty graduated from Princeton University.
Ben Livshits is the Chief Technology Officer of Eclipse. Previously, he was the Vice President of Research at zkSync and Chief Scientist at clipseBrave. He is also an Associate Professor at Imperial College London, a PhD from Stanford University, and a Research Scientist at Microsoft Research.
Terry Chung is the Director of Strategy at Eclipse and was previously a Research Analyst at 1kx. He holds a BA in Mathematics from Columbia University.
Se Yong Park is the Eclipse ecosystem director and previously worked at dYdX.
Veronica Buron is the Head of BD at Eclipse. Previously, she was in charge of institutional sales at The TIE. She graduated from Brown University in the United States.
Nathan Cha is the Head of Marketing at Eclipse and was previously the Head of Marketing at dYdX. He graduated from New York University.
David Lin is the head of engineering at Eclipse and was formerly the vice president of engineering at Discreet Labs and engineering manager at ThunderCore.
Kayla Bu is Eclipse Chief of Staff.
Eclipse Financing
On March 11, 2024, Eclipse Labs announced the completion of a $50 million Series A financing round, led by Placeholder and Hack VC, with participation from Placeholder*, Hack VC*, Delphi Digital, Maven11, Polychain, Fenbushi Capital, Bankless Ventures, OKX Ventures, Flow Traders, DBA, John Adler, Austin Federa, DCInvestor, Hasu, Meltem Demirors, Anthony Sassal, Jill Gunter, Eric Wall, Mert Mumtaz, Cozomo de Medici, ZachXBT, Deeze, Barnabé lMonnot, and Santiago Roel.
As early as 2022, Eclipse had completed a total of $15 million in pre-seed and seed rounds of financing with a valuation of over $100 million. Currently, the project's cumulative financing amount has reached $65 million! The valuation has reached $1 billion!
How Eclipse Works
Eclipse aims to provide the best of both worlds for Ethereum and Solana users. It combines the two blockchain designs to improve scalability, user experience, and security. Here’s a quick breakdown of the Eclipse Mainnet architecture:
Settlement Layer (Ethereum): Eclipse uses Ethereum for settlement, ensuring secure and decentralized finality. Transactions are validated via a bridge, allowing Eclipse to use the security of Ethereum.
Execution layer (Solana Virtual Machine - SVM): SVM processes transactions and allows for parallel execution, significantly improving throughput compared to single-threaded systems such as the Ethereum Virtual Machine (EVM).
Data Availability (Celestia): To achieve scalable and cost-effective data availability, Eclipse publishes its data to Celestia. This enables the network to support high transaction volumes at a lower cost than relying on Ethereum for data.
Fraud Proofs (RISC Zero): To maintain integrity, Eclipse uses RISC Zero for zero-knowledge fraud proofs, ensuring that the network can detect and correct invalid transactions without having to re-execute them directly on-chain.
By combining these elements, Eclipse enables faster transactions, lower fees, and better scalability while maintaining Ethereum’s security and decentralization.
Eclipse Future Development
Ethereum currently still regards Rollup as its core development route. Putting aside the topic of orthodoxy, this means to a certain extent that Ethereum has handed over the broad definition of Layer2 to the market, so the obvious empowerment also hides various forms of competition.
Eclipse takes advantage of this and uses modular development to combine the security of Ethereum, the high performance of Solana, and Celestia DA to create a strong market narrative!