Yigit Taha OZTURK 
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 Machine (SVM) executes transactions quickly. Like other Ethereum Layer-2 solutions, the network bundles transactions and sends them to Ethereum. This way, it benefits from Ethereum‘s security while offering the speed of Solana.
The Eclipse Foundation announced the integration of projects like Orca, Save, and others during the launch. The network includes 60 decentralized applications and service providers. These projects serve in sectors such as DeFi, gaming, and user apps. CEO Vijay Chetty mentioned that developers would be able to scale their DApps like never before.
The project combines Ethereum‘s decentralization and its over $500 billion in on-chain assets with the speed and low transaction fees of Solana. It provides a perfect platform by using the best features of both networks. The network bridges the gap between the Solana and Ethereum communities.
The project, which completed a $50 million Series A funding round led by Placeholder and Hack VC, raised a total of $65 million. The network holds great potential by combining the strengths of both ecosystems.
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