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    Eclipse platform merges Ethereum and Solana, raises $50 million to enhance DApp development and transaction efficiency

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    HI, Solana vs. Ethereum, A Comprehensive Blockchain Comparison, ant, blockchain technology, Solana, Ethereum

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    The Eclipse platform, combining Ethereum and Solana, is operational with intentions to facilitate quicker and cheaper transactions on Ethereum. With the integration of market maker Orca, Save, and other protocols, Eclipse aims to help developers craft and expand DApps utilizing the networks of Ethereum and Solana. In its latest funding round, Eclipse secured $50 million, taking its total funding to $65 million. The platform, which had 60 DApps at its launch, faced controversy in May when its former CEO, accused of sexual assault, left the company.

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    Eclipse, a new platform combining Ethereum and Solana, is officially up and running. The tool allows you to make quicker and cheaper transactions on Ethereum, thanks to the Solana Virtual Machine’s processing power.

    It has also integrated automated market maker Orca, lending protocol Save, and other popular projects into its network. At its launch on November 7, Eclipse boasted 60 decentralized applications (DApps) and service providers, spanning areas like decentralized finance (DeFi), consumer apps, and gaming.

    According to Eclipse CEO Vijay Chetty, the aim is to help developers create and expand their DApps more easily than ever, using the large networks offered by both Ethereum and Solana.

    Ethereum is famed for its top-notch decentralization and an impressive over $500 billion in on-chain assets, while Solana is popular for its speed and low-cost transactions.

    Eclipse intends to offer the best of both Ethereum and Solana to its users and developers. This could mean that DApps on the Ethereum Layer-2 could communicate directly with native Solana apps.

    Eclipse has managed to secure funding from several major industry players, collecting $50 million in a Series A funding round led by Placeholder and Hack VC, taking its overall funding to a total of $65 million.

    The project has also gained angel and strategic funding from several investors, including Solana co-founder Anatoly Yakovenko, Helius CEO Mert Mumtaz, and independent blockchain expert ZachXBT.

    However, things have not always been smooth sailing for Eclipse. The project faced controversy in May when its former CEO, Neel Somani, quit the job after being accused of sexual assault. Notably, no official charges have been brought against Somani regarding these allegations.

    Immediately after Somani’s departure from Eclipse, his position was filled by Chetty, the previous growth officer.

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