Eclipse

Overview

Eclipse is a customizable rollup provider compatible with multiple Layer 1 blockchains. The platform enables developers to deploy their own rollup powered by the Solana operating system and use any chain for security or data storage. Founded in 2022 and based in the United States, Eclipse aims to enhance blockchain scalability and interoperability.

Founding Team

Eclipse’s leadership comprises individuals with diverse expertise in blockchain technology and business strategy. The team includes CEO Vijay Chetty, CTO Ben Livshits, Strategy Lead Terry Chung, Head of Ecosystem Se Yong Park, BD Lead Veronica Buron, Head of Marketing Nathan Cha, Head of Engineering David Lin, and Chief of Staff Kayla Bu. Their combined experience drives the project’s development and strategic initiatives.

Funding and Investors

Since its inception, Eclipse has secured significant funding to support its growth. In August 2022, the company raised $6 million in a pre-seed round led by Polychain Capital, P2 Ventures, Tribe Capital, Accel, Galileo, and The House Fund. The following month, in September 2022, Eclipse secured an additional $9 million in a seed round led by Tribe Capital, Tabiya, IVC, CoinList, Struck Capital, and Soma Capital. In March 2024, the company announced a $50 million Series A funding round co-led by Placeholder and Hack VC, with participation from Polychain Capital, Delphi Digital, Maven 11, DBA, and Fenbushi Capital. This round valued the company at $1 billion.

Technological Infrastructure

Eclipse employs a modular architecture that separates the execution, settlement, and data availability layers. The execution layer utilizes the Solana Virtual Machine (SVM) for parallel transaction processing, enhancing speed and efficiency. The settlement layer relies on the Ethereum blockchain to finalize transactions, ensuring security and leveraging Ethereum’s robust infrastructure. For data availability, Eclipse employs Celestia, facilitating scalability and maintaining data integrity.

Performance and Scalability

By integrating the SVM, Eclipse enables parallel transaction processing, significantly increasing throughput compared to traditional single-threaded execution environments. This design allows for the handling of multiple decentralized applications (dApps) simultaneously without performance degradation. The use of Celestia for data availability provides a scalable solution that supports high transaction volumes while ensuring data is accessible and verifiable.

Governance

The Eclipse Foundation oversees the protocol’s growth and the decentralization of its governance. This entity ensures that development aligns with community needs and the broader goals of the blockchain ecosystem. The foundation’s structure promotes transparency and community involvement in decision-making processes.

Ecosystem and Vision

Eclipse aims to create an economy that empowers developers and users by providing a high-performance platform for decentralized applications. The project’s vision includes fostering innovation and enabling new economic paradigms within the blockchain space. By offering customizable rollups, Eclipse seeks to support a diverse range of applications and promote widespread blockchain adoption.

Notable Events and Milestones

Eclipse has achieved significant milestones since its founding.

• In August 2022, the company completed a pre-seed funding round, raising $6 million.
• The following month, in September 2022, Eclipse secured an additional $9 million in a seed funding round.
• In March 2024, the company announced a $50 million Series A funding round, valuing it at $1 billion.
• On July 30, 2024, Eclipse launched its mainnet, marking a critical step in its mission to enhance blockchain scalability and interoperability.

Tokenomics

As of now, Eclipse has not publicly disclosed specific details regarding its tokenomics, including token distribution, utility, or governance mechanisms. Investors and community members anticipate future announcements that will outline the economic model supporting the Eclipse ecosystem. Transparent and well-structured tokenomics are crucial for the project’s sustainability and the incentivization of participants within the network.

Future Prospects

Looking ahead, Eclipse plans to expand its platform’s capabilities and foster a robust ecosystem of developers and users. The company aims to enhance its rollup technology, improve interoperability with various blockchains, and support a wide range of decentralized applications. By focusing on scalability, security, and user experience, Eclipse strives to contribute significantly to the advancement of blockchain technology and its adoption across industries.