LAYER 2 developer ECLIPSE LABS has completed a Series A financing round of $50 million, led by PLACEHOLDER and HACK VC, bringing the total funding to $65 million. This round of financing also attracted participation from investors such as POLYCHAIN CAPITAL, DELPHI DIGITAL, MAVEN 11, DBA, and FENBUSHI CAPITAL. ECLIPSE LABS plans to utilize this funding to develop an Ethereum Layer 2 solution using the Solana Virtual Machine (SVM), aiming to combine the high performance of SVM with the liquidity of Ethereum to provide a differentiated Layer 2 solution. The team's goal is to launch the final mainnet version in the second quarter of this year and has already released the development and testnet versions of the protocol. They plan to deploy well-known DApps including RARIBLE, PYTH NETWORK, and SOLEND on the mainnet launch.

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<p>News from TechFlow: Layer 2 developer Eclipse Labs has completed a $50 million Series A financing round, with Placeholder and Hack VC as co-leaders, raising a total of $65 million. Other investors in this round include Polychain Capital, Delphi Digital, Maven 11, DBA, and Fenbushi Capital. Additional strategic contributions come from Flow Traders, GSR, Apollo Global Management, and OKX Ventures. The company has not disclosed its latest valuation.</p>
<p>With this newly raised capital, the project will utilize the Solana Virtual Machine (SVM) to develop an Ethereum Layer 2 solution. By combining the high performance of SVM with Ethereum's liquidity, Eclipse aims to provide a differentiated Layer 2 solution.</p>
<p>The team's goal is to launch the final mainnet version in the second quarter of this year. They have already released development and testnet versions of their protocol and plan to deploy collaborations with notable dapps such as Rarible, Pyth Network, and Solend upon mainnet launch.</p>
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ECLIPSE LABS has completed a Series A financing round of 50 million US dollars, and will develop a second layer solution for Ethereum.