Eclipse.xyz is the online home of Eclipse, a Layer 2 blockchain development project focused on leveraging Solana’s technology to enhance Ethereum’s ecosystem. Developed by the San Francisco-based software firm Eclipse Labs, the project aims to create a modular blockchain by using the Solana Virtual Machine (SVM) to run transactions and Ethereum to validate them separately. Eclipse improves transaction processing efficiency and reduces costs by implementing parallel execution environments and local fee markets. In March 2024, it was reported that Eclipse Labs secured $50 million in a Series A funding round to advance its Ethereum Layer-2 solution. Visit the #BlockchainThursday link in our bio to learn more. #crypto #defi #layer2