2025-12-30 00:01:15

Eclipse has new developments in the Ethereum Layer 2 track. Executive Chairman Neel Somani chose to resign in October this year and will focus on research in the field of machine learning.

Eclipse Labs reviewed its development trajectory over the past few years: When Somani founded the company in 2022, the initial idea was straightforward—an expansion solution based on the Solana Virtual Machine. However, by 2023, the team shifted its focus to the Ethereum L2 track, concentrating on building high-performance Layer 2 solutions. This adjustment clearly seized market opportunities. Last year (2024), Eclipse successfully completed Series A funding, raising $50 million, laying a foundation for the project's subsequent development.

From virtual machine compatibility to specializing in Ethereum L2, this strategic shift by Eclipse reflects the industry's overall emphasis on the Ethereum ecosystem and also demonstrates that L2 solutions remain the core direction for the future.

ETH1,61%

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TrustlessMaximalist

· 16h ago

The founder ran away, this L2 track has really become a tangled mess Somani spent two years working on Solana Virtual Machine and then switched to Ethereum, now he's directly moving into ML... feels like the project's direction is a bit drifting 50 million in funding sounds like a lot, but this track has been saturated for a long time, who hasn't raised funds before Wait, leaving to study machine learning? Is this serious or just polite talk? What's the point of the L2 boom if Gas is still expensive? Talking so much but it's just the same old story

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StableGenius

· 16h ago

ngl, founder bailing on his own project mid-cycle to chase ML hype is kinda the tell here... as predicted, everyone's chasing eth l2s now that the narrative shifted. 50M funding though? empirically speaking, that's just capital rotation dressed up as validation.

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consensus_failure

· 16h ago

But transferring Solana to Ethereum L2 is really just following the trend... A 50 million funding sounds good, but this track is now too competitive.

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