The so-called Solana on Ethereum, the "cattle-raising" chain Eclipse, gathered over 1000 participants in its recent Discord community AMA, revealing that the TGE token's Ticker is $ES, hinting that Eclipse's TGE may be imminent. This article will provide a preliminary introduction to what this green "cattle chain" is and how it has emerged among the myriad Layer2 solutions.

What is Eclipse?

Eclipse is a blockchain platform developed by Eclipse Labs, running on Ethereum's Layer 2, being the first SVM chain allowed on Ethereum L2. Its goal is to combine Solana's fast execution capability with Ethereum's liquidity and security to provide developers with an efficient, robust environment to build decentralized applications.

Vijay Chetty serves as Eclipse's CEO, previously holding a business development role at Uniswap and dYdX, as well as having worked at BlackRock and Ripple. The Chief Technology Representative, Ben Livshits, also has a strong background, having served as the VP of Research at zkSync, Chief Scientist at the Brave browser, and a research scientist at Microsoft Research, as well as an associate professor at Imperial College London.

The project has undergone three rounds of funding, with the latest Series A funding raising $50 million at a $10 billion valuation, led by notable VCs such as HackVC and PolyChain, with participation from OKX Ventures, Bankless Ventures, Delphi Digital, among others. With a stellar team and impressive funding, the market is eager for Eclipse.

A notable aspect of Eclipse is its recognizable mascot, "Turbo the Cow," inspired by Eclipse's powerful sequencer model known as the "beefy sequencer," which is considered a crucial part of the platform's technical foundation. This mascot's innovation adds a distinctive character to the platform.

Since its mainnet launch in November last year, the platform has generated 930 ETH in fees, with over 467,000 Discord members and participation from over 1 million wallets, handling over 17 billion transactions. Eclipse processes over 250 million transactions daily, with DEX trading volume surpassing $9.11 billion and daily transaction counts fluctuating between 120 million and 240 million.

Ethereum on Solana?

For those who desire both Ethereum's security and liquidity as well as Solana's high-speed processing, how does Eclipse achieve this? This inevitably brings up the concept of the GSVM (GigaScale Virtual Machine) proposed by the project.

Traditional ETH Layer 2 solutions, such as Optimistic Rollup, are limited by the EVM's serial execution and hardware adaptability. Therefore, Eclipse created GSVM to achieve a direct comparison with Solana's Sealevel parallel runtime, but in an L2 form. This allows Eclipse to have the advantages of both chains, with four major areas of innovation: Software-Hardware Co-design, Dynamic Scaling and Hotspot Isolation, Cross-Layer Optimization, and Computational Abstraction and Parallelism. These innovations create a moat for Eclipse at a technical level.

To put it simply, if Ethereum is likened to a traditional city's main road (strict traffic rules and high tolls) and Solana to Germany's autobahn (multiple parallel lanes and low tolls), then Eclipse is like a high-speed highway built on the main road, where all entry and exit points must go through the main road.

The "Software-Hardware Co-design" equips vehicles with smart engines (GPU/FPGA) and automatic navigation (SmartNICs) to automatically adjust speed according to road conditions. When a truck (complex contract transaction) passes through, a dedicated lane is opened with computing power acceleration, while "simple contract transactions" only need to use the general fast lane. The function of "Dynamic Scaling and Hotspot Isolation" is to dynamically increase the highway's lanes during peak hours through dynamic CPU allocation. If there are popular projects, this specific lane can be isolated as a hotspot, providing resources without affecting the entire chain's operation. "Cross-Layer Optimization" connects high-speed gas stations, repair stations, and other data in real time. By prefetching transaction data and informing the gas station to prepare gas in advance, and with AI-enhanced scheduling, it can predict in advance which block is likely to become congested or damaged. "Off-chain computation + On-chain proof" allows complex computations to be performed off-chain, and the toll booth (Ethereum main road) verifies vehicles through license plate validation (ZK proof) to allow passage.

Through this path, Eclipse maximizes data security and processing efficiency, enabling it to handle a greater number of large-scale mainstream applications, making it more suitable for the current blockchain app era.

Eclipse Ecosystem Projects

So far, the Eclipse ecosystem has attracted over 60 dApps and service providers, covering areas such as DeFi, gaming, and consumer applications. The following coverage by BlockBeats introduces several of the native projects.

NFT Ecosystem

After School Club

Eclipse's official OG Genesis series "After School Club," totaling 10,000, currently has a floor price of 0.49 ETH. An official AMA revealed that there will be a certain airdrop ratio, but the specifics are unknown. The current floor price is already high, so if you want to participate, please carefully consider market fluctuations.

Scope

Scope is Eclipse's NFT launchpad and secondary market trading platform. It has a significant official background, such as the official NFT ASC being issued on this platform. The interactive mode involves trading NFTs and minting NFTs, but there are not many new projects at the moment.

Minty.Market

The HorseLabs-launched permissionless NFT platform just officially launched on March 28, with the team also creating an NFT and meme launch platform simultaneously.

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 a key hub for Solana's AI initiatives, responsible for its ecosystem hackathons and the release of Solana's On-Chain Kit. Last month, Eclipse's Send Arcade saw a player base exceeding 45,000.

Turbo Tap

TurboTap is Eclipse's official breeding game, which involves raising the mascot "Turbo Cow" mentioned earlier, and is a GameFi that must be participated in within the current gaming ecosystem. The gameplay is simply to raise cows. As long as your wallet or protocol has funds, you can passively receive grass, similar to how holding tokens in Sonic earns PP points. This gamified approach transforms Eclipse's point system (anticipated airdrop) into on-chain asset accumulation.

Hedgehog

Hedgehog is equivalent to Eclipse's PolyMarket, where users can bet on various prediction topics and earn rewards.

DeFi Ecosystem

Astrol

Astrol is Eclipse's native lending protocol. Currently, they are running a points event where users can earn lending rewards on Astrol and also receive future airdropped tokens.

Invariant

Invariant is Eclipse's native Dex protocol. When engaging with it, several liquidity pools simultaneously offer the expectation of a platform points event airdrop.

Umbra

Umbra is Eclipse's native DEX deeply involved in the ecosystem. It recently collaborated with Astrol, Nucleus, and the Eclipse team. When providing liquidity in LP pools, users can receive points from the two platforms mentioned earlier as well as a bonus from the official breeding game Turbo Tap.

Meme Ecosystem

Fight.Horse

Fight.Horse, as SVM's native Meme launcher, is a HorseLab product that is currently only deployed on Eclipse. Although the MemeCoin culture and infrastructure in the Eclipse ecosystem have not yet become widespread, with only a basic dashboard and limited bot support, the ease of use of Solana combined with Ethereum's liquidity concept is indeed promising. With more ecosystem support, it should become a solid liquidity pool.

Eclipse's "Turbo the Cow" is almost ready to go, with the TGE looming on the horizon. In such a crowded Layer 2 market, will Eclipse fulfill its narrative of simultaneously capturing Ethereum's liquidity and bringing forth a new era of blockchain applications with high performance, or will it, like most L2s, fade into obscurity? Everything is still unknown, but as we gradually move towards greater mainstream adoption, the successive advancement of new technologies is necessary, and Eclipse has undoubtedly contributed its share.

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