{"id":32125,"date":"2024-11-08T20:00:05","date_gmt":"2024-11-08T17:00:05","guid":{"rendered":"https:\/\/coinengineer.net\/blog\/?p=32125"},"modified":"2024-11-08T18:07:44","modified_gmt":"2024-11-08T15:07:44","slug":"eclipse-launches-the-first-solana-based-ethereum-l2-network","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/eclipse-launches-the-first-solana-based-ethereum-l2-network\/","title":{"rendered":"Eclipse Launches the First Solana-Based Ethereum L2 Network"},"content":{"rendered":"

The project launched on November 7, capturing attention as one of the most exciting network launches of the year. The hybrid blockchain<\/strong> project raised over $65 million<\/strong> in funding before its launch. It became the first Layer-2<\/strong> network to combine Ethereum<\/strong> and Solana<\/strong><\/a>.<\/p>\n

This network makes transactions on Ethereum<\/strong> faster and cheaper. The Solana Virtual Machine (SVM)<\/strong> executes transactions quickly. Like other Ethereum Layer-2<\/strong> solutions, the network bundles transactions and sends them to Ethereum<\/strong>. This way, it benefits from Ethereum<\/strong>‘s security while offering the speed of Solana<\/strong>.<\/p>\n

\"Eclipse\"<\/p>\n

The Eclipse Foundation<\/strong> announced the integration of projects like Orca<\/strong>, Save<\/strong>, and others during the launch. The network includes 60 decentralized applications and service providers. These projects serve in sectors such as DeFi<\/strong>, gaming, and user apps. CEO Vijay Chetty<\/strong> mentioned that developers would be able to scale their DApps<\/strong> like never before.<\/p>\n

The project combines Ethereum<\/strong>‘s decentralization and its over $500 billion in on-chain assets with the speed and low transaction fees of Solana<\/strong>. It provides a perfect platform by using the best features of both networks. The network bridges the gap between the Solana<\/strong> and Ethereum<\/strong> communities.<\/p>\n

The project, which completed a $50 million<\/strong> Series A funding round led by Placeholder<\/strong> and Hack VC<\/strong>, raised a total of $65 million<\/strong>. The network holds great potential by combining the strengths of both ecosystems.<\/p>\n

\n

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don\u2019t forget to follow us on our Telegram,\u00a0<\/strong><\/a>YouTube<\/strong><\/a>,\u00a0and\u00a0Twitter<\/strong><\/a>\u00a0channels for the latest\u00a0news<\/a>\u00a0and updates.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

The project launched on November 7, capturing attention as one of the most exciting network launches of the year. The hybrid blockchain project raised over $65 million in funding before its launch. It became the first Layer-2 network to combine Ethereum and Solana. This network makes transactions on Ethereum faster and cheaper. The Solana Virtual<\/p>\n","protected":false},"author":28,"featured_media":32126,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9,657,2],"tags":[4906,192,393,295,93,6013,106,105,501,1527,319,9355],"class_list":["post-32125","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","category-en","category-news","tag-layer2","tag-blockchain","tag-crypto","tag-dapp","tag-defi","tag-eclipse","tag-eth","tag-ethereum","tag-investment","tag-sol","tag-solana","tag-svm"],"yoast_head":"\nEclipse Launches the First Solana-Based Ethereum L2 Network - Coin Engineer<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/eclipse-launches-the-first-solana-based-ethereum-l2-network\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Eclipse Launches the First Solana-Based Ethereum L2 Network - Coin Engineer\" \/>\n<meta property=\"og:description\" content=\"The project launched on November 7, capturing attention as one of the most exciting network launches of the year. 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