Eclipse Crypto Network (ES)

Eclipse is an Ethereum L2 implementing parallel transaction processing to offer users cheaper and faster transaction fees. 

Being built on Ethereum mainnet, it utilizes Ether mainnet to validate transactions at the final stage, but to ensure higher scalability and transaction throughput capacity, Eclipse integrates the Solana Virtual Machine (SVM). SVM is a smart contract execution environment of Solana L1, which delivers higher TPS if compared to Ethereum’s, due to support of parallel transaction processing, instead of the linear one used on Ethereum. 

While some of the L2 protocols have already implemented this feature on their chains, such as Fuel, or Reddio, the main problem is their not full compatibility with already existing dApps, since the parallel transaction processing isn’t natively supported in EVM. Hence, Eclipse Labs made a bet on the emerging Solana ecosystem, another alternative L1 blockchain with a loud name of “Ethereum killer” type when it was launched in 2021, and developed its rollup into SVM environment. 

This way, Eclipse blockchain aims to deliver users a Solana-level of scalability with support of the Solana ecosystem dApps while offering an Ethereum-level of security, using it for validating transactions. What’s more, as an Ethereum L2, Eclipse SVM network supports fee payments in Ethereum’s native token $ETH, creating a new utility for $ETH token across the Solana ecosystem.

📈 Eclipse yield-bearing token (tETH): Interestingly, following the trends of Ethereum restaking, Eclipse Solana VM L2 recently introduced its own yield-bearing token $tETH, which derives rewards from staking and restaking on multiple major protocols in the space, such as Swell, EtherFi, Renzo, Puffer and more. The goal is to offer their users a more robust source of yield from $ETH restaking, but within the Solana ecosystem. 

This way, Solana dApps will be able to add Ethereum LRTs into their protocols and offer users a more diverse range of DeFi services. 

🪙 Eclipse layer 2 token: As of January 2025, there is no info if Eclipse is going to release its native token and conduct an Eclipse airdrop or not. However, if such an event occurs, our team assumes the token will be used for decentralizing its sequencer, and powering governance of the network, similarly to other L2 tokens like $SCR, $STRK, and more.

Considering the emerging rumors among the crypto community about a potentially upcoming Eclipse airdrop, the CoinLaunch team completely analyzed the Eclipse crypto project and found some interesting pros and cons of it:

✅ Eclipse pros:

• Large user base of over $2.5M;
• Solana eco has quite a lot more attention and hype at the moment than EVM;
• Large raise of over $65M;
• Multiple top-tier security companies conducted audits and bug bounty programs on the project;
• High Growth Marketing, and PR scores;
• Above the average Influencer marketing, SEO, and SMM performances;
• Presence of the top tier backers, including Delphi Ventures, Polychain, and others;
• Quite a diverse ecosystem of dApps and partners;
• A lot of AMAs and interviews have been conducted over the past 6 months;
• The core team members of the project have work experience in Ripple, Microsoft Research, Morgan Stanley, BlackRock, and other top-tier companies.

❌ Eclipse cons:

• Due to the large userbase, there’s a large competition for potential Eclipse airdrop;
• No info on token and airdrop;
• Below the average Marketing Infrastructure;
• No top-tier companies are included in the Eclipse ecosystem;
• The project’s founder has recently been accused of sexual harassment and forced to step down as CEO;
• No roadmap.