The "Green Bull Chain" Eclipse TGE is approaching, is Ethereum's new savior coming?

Known as Solana on Ethereum, the “bull” chain Eclipse gathered over 1000 participants in its recent Discord community AMA, where it revealed that the TGE Token’s ticker is $ES, indicating that Eclipse’s TGE may be coming soon. This article will provide a preliminary introduction to what this green “bull chain” is and how it stands out among various Layer 2s.

What is Eclipse?

Eclipse is a blockchain platform developed by Eclipse Labs, running on the second layer of Ethereum, and is the first SVM chain allowed on Ethereum L2. Its goal is to combine the fast execution capabilities of Solana with the liquidity and security of Ethereum, providing developers with an efficient and robust environment to build decentralized applications.

Vijay Chetty serves as the CEO of Eclipse and previously held the position of Head of Business Development at Uniswap and dYdX, and has also worked at BlackRock and Ripple. The Chief Technology Representative, Ben Livshits, is also highly qualified, having served as the Vice President of Research at zkSync, Chief Scientist at the Brave browser, and previously worked as a Research Scientist at Microsoft Research, while also being an associate professor at Imperial College London.

A total of three rounds of financing have been completed, with the latest round, Series A, raising 50 million dollars at a valuation of 1 billion dollars, led by renowned VCs such as HackVC and PolyChain, with follow-on investments from OKX Ventures, Bankless Ventures, and Delphi Digital. The luxurious team lineup, combined with the impressive financing lineup, has created high expectations for Eclipse in the market.

It is worth mentioning that Eclipse’s highly recognizable mascot “Turbo the Cow” is inspired by Eclipse’s powerful sorting model “beefy sequencer”. This innovation is considered an important part of the platform’s technological foundation, which also gives this mascot a more core personality characteristic.

Since the mainnet launch in November last year, the platform has generated fees of 930 ETH, has over 467,000 Discord members, and more than 1 million wallets participating, processing over 17 billion transactions cumulatively. Eclipse processes over 250 million transactions daily, while the trading volume on DEX has exceeded 911 million dollars, with daily transaction counts fluctuating between 120 million and 240 million.

Solana on Ethereum?

For those who want the security and liquidity of Ethereum as well as the high-speed processing of Solana, how does Eclipse achieve this? This brings us to the concept of GSVM “GigaScale Virtual Machine” proposed by the official.

Traditional ETH Layer 2, such as “Optimistic Rollup”, is limited by the serial execution of the EVM and hardware adaptability. Therefore, Eclipse created GSVM through collaborative design of software and hardware and cross-layer optimization, directly targeting Solana’s “Sealevel parallel runtime”, but implemented in the form of L2. This also allows it to possess the advantages of both chains, with four major innovations: “collaborative design of software and hardware”, “dynamic scaling and hotspot isolation”, “cross-layer optimization”, and “computational abstraction and parallelization”, forming a moat on the technical level.

A simple way to understand it is to compare Ethereum to an old city main road “strict traffic regulations and high tolls,” Solana to Germany’s highway “multiple lanes running parallel with low tolls,” and Eclipse as a highway built on the main road, where all entrances and exits need to go through the main road.

“Software and hardware co-design” equips the vehicle with intelligent engines “GPU/FPGA” and automatic navigation “SmartNICs”, which automatically adjusts the speed according to road conditions, and when the truck “complex contract transaction” passes, a special lane will be opened and computing power will be accelerated, while the “simple contract transaction” only needs to go through the general fast lane. The function of “dynamic expansion and hotspot isolation” is to directly increase the lane of the highway during peak hours through dynamic CPU allocation, and if there is a popular project, this access can also be used as a hotspot isolation to provide resources without affecting the operation of the entire chain. The “cross-layer optimization” is to exchange data from high-speed gas stations and maintenance stations in real time. By prefetching transaction data to inform “gas stations” to prepare gas in advance, and using AI to “enhance scheduling”, you can predict in advance which blocks are prone to congestion or damage. On the other hand, “off-chain computation + on-chain proof” can hand over complex calculations to off-chain computing, and the toll station “Ethereum’s main road” releases vehicles through license plate verification “ZK proof”.

Through the above path, Eclipse brings data security and processing efficiency to the highest level, enabling it to handle more large-scale popular applications, making it more suitable for the current App era of blockchain.

Eclipse Ecosystem Projects

As of now, the Eclipse ecosystem has attracted more than 60 dApps and service providers, covering areas such as DeFi, gaming, and consumer applications. The following Rhythm BlockBeats provides further introduction to several of these native projects.

NFT ecosystem

After School Club

The official OG Genesis series “After School Club” by Eclipse, consisting of 10,000 pieces, currently has a floor price of 0.49 ETH. It was revealed in the official AMA that there will be a certain airdrop ratio, but the specifics are unknown. The current floor price is already quite high, so please consider market fluctuations carefully if you want to participate.

Scope

Scope is the NFT launchpad and secondary market trading platform of Eclipse. It has a considerable official background, for example, the official NFT ASC is issued on this platform. The interactive modes are trading NFTs and minting NFTs, but currently, there aren’t many new projects.

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Minty.Market

The permissionless NFT platform launched by HorseLabs officially went live on March 28, and the team also created a platform for launching NFTs and Memes.

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 an important hub for Solana’s AI initiatives, responsible for its ecosystem’s hackathon competitions and launching Solana’s On-Chain Kit. Last month, the number of players in Eclipse’s Send Arcade has surpassed 45,000.

Turbo Tap

TurboTap is an official bull game from Eclipse, which involves raising the mascot “Turbo Cow” mentioned above. It is a GameFi that is essential for participating in the current ecosystem. The gameplay is simple: you raise bulls, and as long as your wallet or protocol has funds, you can passively earn grass (similar to how holding tokens in Sonic earns you PP points) and convert Eclipse’s points (expectation of airdrop) into on-chain capital.

Hedgehog

Hedgehog is equivalent to PolyMarket of Eclipse, where users can bet on various prediction topics and earn profits.

DeFi ecosystem

Astrol

Astrol is a native lending protocol on the Eclipse ecosystem. Currently, they are conducting a rewards activity where users can earn lending rewards while borrowing on Astrol, and they will also receive future token airdrops.

Invariant

Invariant is the native Dex protocol of the Eclipse ecosystem. During interactions, several liquidity pools can simultaneously receive airdrop expectations for platform points activities.

Umbra

The Eclipse native DEX, which is deeply involved in the ecosystem, has recently collaborated with Astrol, Nucleus, and Eclipse official to allow users to earn points from both platforms as well as bonus points from the official bull game Turbo Tap when forming LP pools.

Meme ecosystem

Fight.Horse

Fight.Horse, as a native Meme launcher of SVM, is a product of HorseLab alongside Minty.Market mentioned above, currently deployed only on Eclipse. Although the MemeCoin culture and infrastructure of the Eclipse ecosystem have yet to become widespread, with few basic dashboards and supporting Bots, the ease of use of Solana combined with the liquidity concept of Ether indeed makes one hopeful. If the ecosystem receives more support, it should be able to become a good liquidity pool.

Eclipse’s “Turbo the Cow” is almost ready for launch, with TGE just around the corner. In such a crowded Layer2 market, Eclipse aims to occupy Ethereum’s liquidity and high performance, ushering in a new era of blockchain applications as its narrative suggests, or it may end up like most L2s, fading into obscurity. Everything remains uncertain, but as we gradually move towards larger-scale adoption, the continuous emergence of new technologies is essential, and Eclipse undoubtedly contributes its part to this.