Eclipse, a portfolio company of Polygon Ventures, is partnering with Polygon, the leading Ethereum scaling protocol, to launch the first Solana-equivalent scaling solution, Polygon SVM, a Layer 2 blockchain capable of running all smart contracts and tooling compatible with Solana.
Eclipse will deploy the Sealevel virtual machine (SVM) Layer 2 blockchain for Polygon SVM. dApps built for the Solana blockchain can now easily migrate or go multichain to Polygon SVM, providing users with a faster and more efficient experience.
The Polygon SVM will offer superior speed for developers building games or high throughput DeFi applications, enabling new use cases and traffic for the Polygon ecosystem.
Developers can now choose the SVM on Polygon and leverage the security of the existing Polygon network while running the new blockchain.
Eclipse is a customizable Layer 2 (rollup) provider that allows blockchain infrastructure developers to choose between different virtual machines, including the Sealevel virtual machine. Its rollup technology enables developers to run a new blockchain while leveraging the security of existing networks such as Polygon.
Polygon Labs previously acquired the Hermez Network (now Polygon Hermez) to develop the first EVM-equivalent zero-knowledge rollup. Polygon Labs later acquired the Ethereum scaling startup Mir. Polygon Avail, a blockchain that is focused on data availability, will provide security for Polygon’s Eclipse chain.
Eclipse announced its $15 million fundraise led by Polychain and Tribe Capital last year. Since then, the Eclipse team has developed a zero-knowledge Sealevel virtual machine proof-of-concept. Over 100 projects have expressed interest in deploying to Eclipse chains.
The testnet for Polygon SVM is slated for release in late Q1 2023, with the mainnet launch to follow in the summer. The Polygon SVM is a first-of-its-kind collaboration between the Polygon and Solana communities, and it is expected to provide developers with a powerful new blockchain infrastructure.
Urvit Goel, VP of Games and Platform at Polygon Labs, said that Polygon’s vision has always been to see development of novel modular blockchain architectures, and Polygon SVM is the latest addition to the ecosystem of cutting-edge scaling solutions.
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