Eclipse is the first Ethereum Layer 2 powered by the Solana Virtual Machine (SVM). By unbundling the traditional blockchain stack, Eclipse delivers Solana-level performance, high throughput and low latency, while remaining anchored to Ethereum’s robust security and deep liquidity. While Ethereum L1 processes roughly 15–30 TPS, Eclipse’s parallelized SVM architecture theoretically scales to 65,000 TPS and, as of early 2026, consistently sustains 1,000+ TPS under load without fee spikes. By offloading data availability to Celestia, Eclipse keeps average transaction fees near $0.0002, around 10,000× cheaper than Ethereum L1, while local fee markets ensure congestion in one app does not raise gas costs across the entire network, positioning Eclipse as a high-efficiency modular Layer 2 for performance-sensitive dApps.
In this article, you will learn what Eclipse is, how its unique "SVM on Ethereum" architecture works, the role of the ES token in gas and governance, why it is a leading contender in the race for scalable on-chain applications, and how to buy Eclipse (ES) on BingX.
What Is Eclipse (ES) SVM-Based Ethereum L2?
Eclipse is a modular Layer 2 protocol that executes transactions using the SVM while settling on the Ethereum mainnet. Historically, blockchains were monolithic, meaning a single set of nodes handled execution, settlement, and data storage. Eclipse unbundles this stack, specializing each layer to achieve institutional-grade performance.
The Modular Stack: Performance by Design
How to connect Ethereum to Solana using Eclipse | Source: Eclipse
Eclipse achieves its "Solana-on-Ethereum" speed by integrating best-in-class technologies across four distinct layers:
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Execution: Powered by the SVM, specifically the Sealevel engine, which allows for parallel transaction processing. Unlike single-threaded EVM rollups, Eclipse can process non-conflicting transactions simultaneously, targeting a throughput of 30,000+ TPS.
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Settlement: Secured by Ethereum. The network uses a canonical bridge on Ethereum to maintain the highest level of trustless security and tap into Ethereum's over $40 billion L2 TVL liquidity pool.
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Data Availability (DA): Powered by Celestia. By using a dedicated DA layer, Eclipse reduces the cost of posting transaction data, keeping user fees at a stable $0.0002 per transaction, nearly 10,000x cheaper than traditional Ethereum L1 swaps.
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Proving: Powered by RISC Zero. Eclipse utilizes zero-knowledge (ZK) fraud proofs, enabling the network to resolve state disputes without requiring the full re-execution of SVM transactions on the Ethereum L1.
Since its public mainnet launch in November 2024, Eclipse has transitioned from an infrastructure-first model to an application-centric ecosystem. As of February 2026, the network maintains a circulating supply of 132.65 million ES with a fully diluted valuation (FDV) of approximately $125 million.
Following a strategic pivot in late 2025, the Eclipse Labs team focused on building "breakout applications" in-house to drive organic demand. This shift aims to solve the "empty block" problem faced by many high-throughput L2s, centering the Eclipse Economy on tangible consumer usage rather than infrastructure speculation.
How Does Eclipse Network Work?
Eclipse operates as an optimistic rollup with a unique twist. It replaces the standard Ethereum Virtual Machine (EVM) with the SVM to overcome the single-threaded limitations of traditional L2s.
1. Parallel Execution (SVM)
While the EVM processes transactions one by one, the SVM uses parallel execution. This allows Eclipse to process multiple transactions simultaneously as long as they don't affect the same state (account). Theoretically, this allows Eclipse to scale up to 65,000 TPS, the upper limit of the SVM.
2. Modular Settlement on Ethereum
Eclipse uses a validating bridge on Ethereum. When users deposit ETH or assets, they are locked on Ethereum and minted on Eclipse. The bridge enforces the correct ordering of transactions and allows users to exit back to Layer 1 even if the Eclipse sequencer becomes malicious or goes offline.
3. High-Bandwidth DA with Celestia
To support high TPS, a rollup must post a lot of data. Ethereum’s current "blob" space is often too expensive or limited for high-frequency apps. Eclipse posts its transaction data to Celestia, which is designed specifically for high-throughput data availability. This allows Eclipse to keep transaction fees at a fraction of a cent, approx. $0.0002.
4. ZK-Fraud Proofs via RISC Zero
Most optimistic rollups have a 7-day challenge period. Eclipse uses RISC Zero to generate ZK fraud proofs. If a transaction is challenged, the ZK proof can quickly verify the correct state transition without requiring the Ethereum L1 to re-execute the entire SVM transaction, significantly speeding up the dispute resolution process.
What Are the 3 Key Components of the Eclipse Ecosystem?
Eclipse isn't just a tech stack; it’s an economy designed to bridge the liquidity of Ethereum with the developer tools of Solana.
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tETH (Unified Restaking Token): Eclipse’s flagship DeFi product is tETH, an aggregated restaking token. It bundles popular Liquid Restaking Tokens (LRTs) like ether.fi, Renzo, and Puffer into one unified asset. This prevents liquidity fragmentation and gives users a single, yield-bearing version of ETH to use across the Eclipse ecosystem.
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Turbo Tap and Consumer Apps: Eclipse gained massive early traction through Turbo Tap, an interactive game where users earned "grass" points for stress-testing the network. In early 2026, Eclipse Labs pivoted toward building first-party "breakout applications" to drive direct consumer demand for the chain's high-throughput infrastructure.
What Is the ES Token Used For?
The ES token is the native utility and governance backbone of the Eclipse network. While Eclipse initially launched using ETH for gas, the ES token now serves several critical functions:
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Gas Fees: Users can pay for transaction fees on the network via a native paymaster mechanism.
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Decentralized Governance: ES holders vote on protocol upgrades, fee structures, and the redistribution of Maximal Extractable Value (MEV).
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Staking and Security: Token holders can stake ES to applications or use it to post "fraud-proof bonds" to help secure the network.
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Incentives: 15% of the total 1 billion ES supply is allocated to airdrops and liquidity to reward early adopters and developers.
An Overview of the Eclipse (ES) Airdrop: Rewarding Early Adopters
The Eclipse (ES) airdrop was a major community distribution event in July 2025 designed to decentralize the governance of Ethereum's first SVM-powered Layer 2. The Eclipse Foundation allocated 100 million ES tokens or 10% of the total 1 billion supply to early users who contributed to the network's growth and stability.
Eligibility was primarily determined by three categories: on-chain activity, such as participating in the "Turbo Tap" stress-test game and bridging assets, social presence on X tracked via Kaito analytics, and Discord engagement. While the snapshot of eligible participants was taken in April 2025, the official claim portal opened on July 16, 2025, and remained active until August 15, 2025, allowing users to claim their rewards across the Eclipse, Ethereum, and Solana networks.
To learn more about the specific steps for verifying your rewards and the impact of this event on the Eclipse economy, check out our dedicated guide on the Eclipse Airdrop.
What Is Eclipse (ES) Tokenomics?
The ES token operates with a fixed total supply of 1,000,000,000 ES, with approximately 145,100,000 ES (14.5% of the total) currently in circulation as of February 2026.
ES Token Allocation
Eclipse (ES) token distribution | Source: Eclipse blog
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Ecosystem and Development (35%): Allocated to fund research and development, critical infrastructure, and Foundation reserves to support long-term protocol growth.
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Early Supporters and Investors (31%): Distributed to the early-stage backers who provided essential funding for the project's inception.
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Contributors (19%): Reserved for the current and future team members responsible for building and scaling the Eclipse protocol.
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Airdrop & Liquidity (15%): Comprises 10% for community airdrops (with 6.1% released in Season 1) and 5% to support trading liquidity on exchanges.
ES Vesting and Unlock Schedule
ES vesting schedule | Source: Eclipse blog
To prevent market flooding and ensure commitment, Eclipse has implemented a rigorous vesting schedule. Most tokens are subject to multi-year lockups that align with the project's long-term roadmap.
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Airdrop and Liquidity: 100% of the initial 150 million ES was unlocked at the Token Generation Event (TGE) on July 16, 2025, to bootstrap immediate network activity and trading.
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Early Supporters and Investors: These tokens are subject to a 3-year lockup. Following a 1-year cliff ending in July 2026, they will begin a linear monthly vest over the subsequent 24 months.
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Contributors (Team): This allocation is subject to a 4-year vesting schedule with a 3-year lockup. Similar to investors, the team will see their first major unlock in July 2026, followed by 24 months of linear distribution.
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Ecosystem & Development: Managed by the Foundation, these tokens are unlocked as needed for protocol grants, infrastructure costs, and ecosystem incentives, typically following a long-term milestone-based release.
How to Buy and Sell Eclipse (ES) Tokens on BingX Spot
Powered by BingX AI insights, you can trade ES and other modular ecosystem tokens efficiently using real-time market signals.
ES/USDT trading pair on the spot market powered by BingX AI insights
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Fund Your Account: Sign up on BingX and deposit USDT into your Spot account.
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Navigate to Spot: Search for the ES/USDT trading pair.
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Execute Trade: Use a market or limit order to buy ES.
Learn more about how to buy Eclipse (ES) in our comprehensive guide.
Top 3 Considerations Before Investing in Eclipse (ES)
Evaluating Eclipse requires a clear understanding of its high-risk technical pivot and the aggressive competitive landscape of 2026.
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Execution Risk and Strategic Pivot: While Eclipse utilizes a high-performance SVM architecture, the project underwent a significant restructuring in late 2025, laying off 65% of its staff and pivoting from a neutral infrastructure provider to a studio building in-house "breakout apps." Investors must monitor whether this new leadership can successfully launch these first-party applications to drive organic demand, especially after a reported 95% decline in ecosystem Total Value Locked (TVL) since its 2025 peak.
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Intense SVM L2 Competition: Eclipse no longer holds a monopoly on the "Solana-on-Ethereum" narrative. Competitors like SOON (Solana Optimistic Network) and Atlas have entered the market with specialized SVM implementations, competing for the same pool of developers and liquidity. The success of $ES depends on Eclipse maintaining its first-mover advantage and proving that its specific modular stack, utilizing Celestia for data availability, offers superior cost-efficiency over these emerging rivals.
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Tokenomics and Unlock Pressure: As of early 2026, the majority of the ES token supply remains locked. A significant risk factor is the upcoming cliff in July 2026, where nearly 50% of the total supply, allocated to the team and early investors, will begin linear monthly unlocks. Without a massive surge in staking adoption or network utility to absorb this new supply, the token could face sustained downward price pressure regardless of the network's technical performance.
Final Thoughts: Should You Buy Eclipse (ES) in 2026?
As 2026 unfolds, Eclipse sits at a decisive inflection point. Its core technology, the SVM running on Ethereum, remains technically impressive, but the investment narrative has shifted away from infrastructure potential toward execution risk. After a sharp contraction in ecosystem activity, Eclipse’s future now depends on whether its pivot from neutral rollup provider to first-party application builder can translate into real user adoption.
From an investment perspective, $ES is best viewed as a high-risk, outcome-dependent bet. Upside hinges on the success of Eclipse Labs’ upcoming flagship applications in 2026 and their ability to drive sustained demand for $ES as a gas token, while downside risks include a major July 2026 token unlock, ongoing ecosystem stagnation, and growing competition from newer SVM-based rollups. This is a speculative asset that demands close monitoring of TVL recovery, active users, and product traction rather than long-term assumptions.