Eclipse Raises $50M for Ethereum Scaling Solution Ahead of Mainnet Launch

The modular blockchain aims to enhance Ethereum's scalability by integrating Solana's technology, with a Q2 2024 launch planned.

Modular blockchain Eclipse secures $50 million in Series A funding, led by Placeholder and Hack VC, ahead of its mainnet launch, aiming to scale Ethereum using parts from Solana.
Eclipse's mainnet, built using the Solana Virtual Machine for execution and Ethereum for settlement, is set to launch in Q2 2024, with a focus on scalability and composability.
The funding round, which brings Eclipse's total funding to $65 million, saw participation from major investors such as Polychain Capital, Delphi Digital, and Fenbushi Capital.
Eclipse aims to offer a superior user experience on Ethereum by addressing liquidity fragmentation and execution layer improvements.
Following its mainnet launch, Eclipse plans to sponsor hackathons, accelerators, and organize community events for its users.