TLDR: Base just wrapped up our first world tour. We traveled to Kenya, India, Thailand, Singapore, and the Philippines. We met over 1,000 builders, selected 50+ buildathon winners, and hosted 11 events. We’re so excited to keep working alongside our global builder community in 2025.

At its core, Retroactive Public Goods Funding (Retro Funding) embodies a vision of collaboration and collective success.

Thank you to Andrew Fitzgerald, Harsh Patel, Jon Charbonneau, Kevin Galler, Lanre Ige, Mert Mumtaz, Pranav Garimidi, Ryan Chern, Tao Zhu, and Tarun Chitra for feedback and review.

SAN FRANCISCO, CA — Eclipse Labs, a software firm contributing to the development of the first Ethereum layer-2 using the Solana Virtual Machine (SVM), has raised $50M of Series A funding co-led by Placeholder and Hack VC, bringing the total capital raised to $65M. Other notable participants in the round include Polychain Capital, Delphi Digital, Maven 11, DBA, Apollo-managed funds, Fenbushi Capital, and ParaFi Capital. Additionally, the round includes strategic checks from Flow Traders, GSR, Auros, and OKX Ventures. Various researchers and builders participated as angel investors, including Barnabé Monnot (Ethereum Foundation), John Adler (Celestia Labs), Austin Federa (Solana Foundation), ZachXBT, and Meltem Demirors.

Eclipse is Ethereum's fastest Layer 2, powered by the Solana Virtual Machine (SVM).

Ethereum’s fastest Layer 2 just got closer.

TL;DR: We’re excited to finally announce the architecture for Eclipse Mainnet: Ethereum’s fastest L2, powered by the SVM.