Eclipse Labs is set to launch its mainnet in October. The project combines elements from Ethereum, Solana, and Celestia blockchains and aims to address scalability issues in the Web3 space.
Vijay Chetty, CEO of Eclipse Labs, confirmed the timeline. "Public mainnet will be launching toward the end of October," he stated. The project is currently in the developer mainnet phase, he added.
Eclipse utilizes the Solana Virtual Machine for transaction execution. It operates as an Ethereum layer 2 solution. The project also incorporates Celestia's data storage capabilities.
The team's goal is to bring "Web2 scale to Web3". They believe this can be achieved by combining the strengths of multiple blockchains.
Eclipse aims to avoid the perceived weaknesses of its component blockchains. Chetty pointed to Solana's decentralization issues and Ethereum's slow base layer transactions. These factors, he suggested, have limited both networks' widespread adoption.
The project faces significant competition in the Ethereum layer 2 market.
Arbitrum One, Base, and OP Mainnet are currently the largest players. They hold $13.7 billion, $6.5 billion, and $6 billion in total value locked, respectively.
To gain market share, Eclipse plans to integrate existing Solana applications. These include decentralized exchanges Mango and Orca. The lending platform Solend is also slated for integration.
Some of these applications will be rebranded for the Eclipse ecosystem. This strategy aims to leverage existing user bases and functionality.
Eclipse's approach to data storage sets it apart from some competitors. Many layer 2 solutions store data off-chain due to cost concerns, but Eclipse plans to use Celestia for on-chain data storage.
The launch of Eclipse represents a new development in blockchain interoperability. Its success could influence future approaches to scaling and cross-chain integration in the cryptocurrency sector.