Eclipse targets October to launch ‘Solana on Ethereum’ L2

The team behind Eclipse — the first Ethereum layer 2 that uses the Solana Virtual Machine to execute transactions — is set to launch its mainnet in October. 

“Public mainnet will be launching toward the end of October,” revealed Vijay Chetty, CEO of Eclipse Labs, in an interview with Cointelegraph at the Solana Breakpoint conference in Singapore on Sept. 20.

Chetty said building a blockchain by combining the best components of each is a “vision that we very much subscribe to.”
It would also, in theory, mean Eclipse avoids the worst features of those blockchains, too.

Chetty suggested that Solana’s decentralization constraints and Ethereum’s slow transaction throughput on the base layer have hamstrung both blockchains from reaching widespread success.

While Ethereum layer 2s offer a higher transaction throughput, many blockchains store data offchain due to costs, among other things, Chetty said. Eclipse’s integration of Celestia aims to fix that.

Eclipse will face stiff competition in the cut-throat 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, respectively, L2Beat data shows.

Chetty said that to compensate for lost ground, Eclipse will integrate several existing “Solana blue chip apps” and create several native apps.
Solana apps that would expand to Eclipse will include decentralized exchanges Mango and Orca, as well as lending and borrowing platform Solend. Some of these apps will be rebranded with different names, he noted. 

Source >> https://cointelegraph.com/news/eclipse-labs-launch-multidimensional-blockchain-october