Solana, the cattle raising chain Eclipse, which claims to be on Ethereum, has attracted more than 1,000 participants in the latest Discord community AMA, in which it was revealed that the ticker of the TGE token is $ES, which also indicates that Eclipses TGE may be coming soon. This article will give you a preliminary introduction to what this green cattle chain is and how it has emerged among a number of Layer 2s?
What is Eclipse?
Eclipse is a blockchain platform developed by Eclipse Labs that runs on Ethereums Layer 2 and is the first SVM chain allowed on Ethereum L2. Its goal is to combine Solanas fast execution capabilities with Ethereums liquidity and security to provide developers with an efficient and robust environment to build decentralized applications.
Among them, Vijay Chetty, the CEO of Eclipse, previously served as the head of business development at Uniswap and dYdX, and also worked at BlackRock and Ripple. The chief technical representative Ben Livshits is also very experienced. He has served as the vice president of research at zkSync, the chief scientist of the browser Brave, and a research scientist at Microsoft Research. He is also an associate professor at Imperial College London.
Currently, Eclipse has gone through three rounds of financing. The latest round of A financing raised $50 million at a valuation of $1 billion, led by well-known VCs such as HackVC and PolyChain, and followed by OKX Ventures, Bankless Ventures, and Delphi Digital. The luxurious team lineup coupled with the luxurious financing lineup has made the market full of expectations for Eclipse.
It is worth mentioning that Eclipses highly recognizable mascot Turbo the Cow is inspired by Eclipses powerful beefy sequencer model. This innovation is regarded as an important part of the platforms technical foundation, which also makes this mascot more core-characteristic.
Since the launch of the mainnet in November last year, the platform has generated 930 ETH in fees, has more than 467,000 Discord members, has more than 1 million wallets participating, and has processed more than 17 billion transactions. Eclipse processes more than 250 million transactions per day, and the transaction volume on DEX has exceeded US$911 million, with daily transactions fluctuating between 120 million and 240 million.
Solana on Ethereum?
How does Eclipse achieve the security and liquidity of Ethereum and the high-speed processing of Solana? This has to mention the concept of GSVM GigaScale Virtual Machine proposed by the official.
Traditional ETH Layer 2 Optimistic Rollup, etc. is limited by the serial execution and hardware adaptability of EVM, so Eclipse created GSVM, which directly targets Solanas Sealevel Parallel Runtime through software-hardware co-design and cross-layer optimization, but is implemented in L2 form. This also allows it to have the advantages of two chains at the same time. It has four major innovations: software-hardware co-design, dynamic expansion and hotspot isolation, cross-layer optimization, and computational abstraction and parallelization, which allow it to form a moat at the technical level.
To put it simply, if Ethereum is compared to an old city trunk road with strict traffic rules and high tolls and Solana is compared to Germanys highway with multiple lanes in parallel and low tolls, then Eclipse is a highway built on the trunk road, and both entrances and exits need to pass through the main road.
Software and hardware co-design equips vehicles with intelligent engines GPU/FPGA and automatic navigation SmartNICs, which automatically adjust speed according to road conditions. When a truck passes through a complex contract transaction, a dedicated lane will be opened and computing power will be provided to accelerate the passage, while simple contract transactions only need to take the general expressway. The role of dynamic expansion and hotspot isolation is to directly increase the lanes of the highway during peak hours through dynamic CPU allocation. If there are popular projects, this passage can also be isolated as a hotspot, and resources can be provided as a gate without affecting the operation of the entire chain. Cross-layer optimization is to communicate data such as gas stations and maintenance stations on the highway in real time. By pre-fetching transaction data, the gas station is informed to prepare Gas in advance, and using AI enhanced scheduling can predict in advance which blocks are prone to congestion or damage. Off-chain computing + on-chain proof can hand over complex calculations to off-chain computing, and the toll station Ethereums main road releases vehicles through license plate verification ZK proof.
Through the above path, Eclipse maximizes data security and processing efficiency, allowing it to handle more large-scale popular applications and is more suitable for the current blockchain App era.
Eclipse ecosystem projects
To date, the Eclipse ecosystem has attracted more than 60 dApps and service providers, covering areas such as DeFi, games, and consumer applications. Below, BlockBeats further introduces several of these native projects.
NFT Ecosystem
After School Club
Eclipses official OG Genesis series After School Club has a total of 10,000 units, and the current floor price is 0.49 ETH. Through the official AMA, it was revealed that there will be a certain airdrop ratio, but the specifics are unknown. The current floor price is already too high. If you want to participate, please carefully consider market fluctuations.
Scope
Scope is Eclipses NFT launch pad and secondary market trading platform. It has a fairly official background. For example, the official NFT ASC is issued on this platform. The interactive mode is trading NFT and Mint NFT, but there are not many new projects at present.
Minty.Market
The permissionless NFT platform issued by HorseLabs was just officially launched on March 28. The team also produced the launch platform for NFT and Meme.
GameFi Ecosystem
Send Arcade
SendArcade is an innovative blockchain gaming platform running on the Solana blockchain and Eclipse mainnet, launched by Send. Players familiar with the Solana ecosystem know that Send is an important transit point for Solana in promoting AI, responsible for its ecosystem hackathon competition and launching Solanas On-Chain Kit. Last month, the number of players of Eclipses Send Arcade exceeded 45,000.
Turbo Tap
TurboTap is an official cattle-raising game of Eclipse, which means raising the mascot Turbo Cow mentioned above. It is a must-play GameFi for those who want to play in this ecosystem. In simple terms, the gameplay is to raise cattle. As long as you have money in your wallet or protocol, you can directly and passively obtain grass (similar to Sonic holding tokens to get PP points), and use the game to exchange Eclipses points (expected airdrops) for the chains capital stock.
Hedgehog
Hedegehog is equivalent to Eclipses PolyMarket, where users can bet on a variety of prediction topics and earn returns.
DeFi Ecosystem
Astrol
Astrol is the native lending protocol in the Eclipse ecosystem. They are currently running a points activity. Users who borrow and lend in Astrol can not only obtain lending income, but also receive future coin airdrops.
Invariant
Invariant is the native Dex protocol of the Eclipse ecosystem. During the interaction, several liquidity pools can also obtain airdrop expectations from the platform points activity.
Umbra
Eclipse native DEX, which is deeply involved in the ecosystem, has recently cooperated with Astrol, Nucleus and Eclipse officials. When forming an LP pool, you can get points from the above two platforms and points bonus from the official cattle-raising game Turbo Tap.
Meme Ecosystem
Fight.Horse
Fight.Horse is a native Meme launcher of SVM. It is a product of HorseLab, the same as Minty.Market mentioned above. It is now only deployed on Eclipse. Although the MemeCoin culture and infrastructure of the Eclipse ecosystem are not yet popular, and there are not many basic dashboards and supported Bots, Solanas ease of operation and Ethereums liquidity concept are indeed exciting. If the ecosystem supports it more, it should become a good liquidity groove.
Eclipses Turbo the Cow is almost ready, and TGE is imminent. In the market of so many Layer 2, will Eclipse occupy Ethereums liquidity and high performance at the same time and bring a new era of blockchain applications as its narrative says, or will it fall into obscurity like most L2s? Everything is still unknown, but in the current situation of gradually moving towards larger-scale adoption, the succession of new technologies is necessary, and Eclipse has undoubtedly contributed its own strength in this regard.
