- Eclipse has completed a major development milestone for Ethereum’s Layer 2.
- The project aims to merge Solana’s speed with Ethereum’s security.
- Enhanced cross-chain compatibility could influence DeFi and gaming sectors.
On April 13, Eclipse revealed via social media the completion of a key development milestone in their Ethereum SVM Layer 2 project. The announcement covered the locking of Grass points, accompanied by a completed snapshot.
This achievement progresses Ethereum’s Layer 2 network forward, aiming to integrate Solana’s speed with Ethereum’s security.
Eclipse Achieves Key Milestone with Grass Points Snapshot
Eclipse’s advancement signifies a strategic move in the Ethereum Layer 2 sector, particularly with its use of Solana’s Virtual Machine. The project’s integration promises to enhance transaction execution speed while maintaining Ethereum’s robustness. This completion further bridges Ethereum and Solana ecosystems, echoing CEO Vijay Chetty’s statement on Eclipse’s role in fostering decentralized application (dApp) collaboration.
The milestone has resulted in widespread attention from the crypto community. Responses from developers reflect enthusiasm about avoiding the “Ethereum or Solana” dApp deployment dilemma. CEO Vijay Chetty reiterated the integration’s significance, stating, “Eclipse is uniquely positioned as the first solution to bridge the gap between Solana and Ethereum, offering a powerful platform that caters to both communities.” Meanwhile, GitHub activity shows strong support for Eclipse’s unique tools.
The milestone has resulted in widespread attention from the crypto community. Responses from developers reflect enthusiasm about avoiding the “Ethereum or Solana” dApp deployment dilemma. CEO Vijay Chetty reiterated the integration’s significance, stating, “Eclipse is uniquely positioned as the first solution to bridge the gap between Solana and Ethereum, offering a powerful platform that caters to both communities.” Meanwhile, GitHub activity shows strong support for Eclipse’s unique tools.
Community Reactions and Potential Market Impact
Did you know? Eclipse increases cross-chain compatibility between Solana and Ethereum, impacting DeFi and gaming sectors by offering developers versatility and choice when building decentralized applications.
According to CoinMarketCap, Ethereum’s current price is $1,623.69 with a market cap of $195.96 billion and a 7.28% dominance. Over 24 hours, trading has decreased by -3.98%, while Ethereum’s price has shifted by 1.81%. The blockchain’s total circulating supply stands at over 120.69 million ETH, with no capped maximum supply.
The Coincu research team anticipates Eclipse’s Layer 2 project could bolster Ethereum’s scalability and execution capabilities. Integration with Solana might provide unprecedented flexibility in dApp developmentpotentially influencing market trends favorably in the blockchain domain.