Eclipse plans to launch ‘Solana on Ethereum’ L2 in October
The team behind Eclipse — the first to use the Solana virtual machine to execute Ethereum Layer 2 transactions — is set to launch its mainnet in October.
In an interview with Cointelegraph at the Solana Breakpoint conference in Singapore on September 20, “the public network will be launched at the end of October,” explained the CEO of Eclipse Labs, Vijay Chetty.
“We're currently on the developer mainnet, which means we're open to developers and builders, but we haven't enabled any front ends or user interfaces yet.”
Eclipse aims to bring “Web2 scale to Web3” by combining Ethereum, Solana and the layer-1 blockchain Celestia uses to store data.
Chetty speaking with Cointelegraph on Breakpoint. Source: Cointelegraph
Building a blockchain by combining the best parts of each is “a vision that we subscribe to very much,” Chetty said.
It means that, in theory, eclipse removes the bad features of those blockchains.
Chetty Solana's limitations of decentralization and Ethereum's evolutionary transaction at the base layer have hindered both blockchains from achieving widespread success.
While Ethereum Layer 2s offer high transaction throughput, many blockchains store data due to cost, among other things, Chetty said. Eclipse's integration with Celestia aims to fix that.
Related: Solana looks unlikely to $1K, but Network Basics predicts $190 SOL.
Eclipse faces stiff competition in the decentralized Ethereum Layer-2 market.
Arbitrum One, Base, and OP Mainnet are the three largest Ethereum layer-2 solutions, with $13.7 billion, $6.5 billion, and $6 billion in total value locked in, respectively, L2Beat data shows.
To make up for the lost ground, Chetty said, Eclipse will integrate several existing “Solana blue chip applications” to create several native applications.
Solana's applications expanding to Eclipse include decentralized exchanges Mango and Orca, as well as lending and borrowing platform Solend. He also pointed out that some of these applications will be renamed.
Scenes from the Solana Breakpoint Conference in Singapore. Source: Cointelegraph
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