Eclipse Labs announced financing, why did TIA and DYM rise?

Last night, Eclipse Labs, the first SVM Layer2 that combines Ethereum security, Solana high performance and Celestia DA narrative, completed a $50 million Series A round of financing, co-led by Placeholder and Hack VC. In September 2022, Eclipse Labs completed a $15 million Pre-Seed and seed round of financing. The new round of funding will provide Eclipse Labs with funds for growth, human resources and research expenses.

Eclipse is a high-quality project that has always been optimistic about the modular concept. With the announcement of financing news, TIA, DYM and other modular projects that already have tokens also have obvious market reaction.

Both "Golden Shovel" and "Silver Shovel" have risen

This morning, the module The price of chemical track projects has experienced a general rise. TIA exceeded US$18, with a 24-hour increase of 14%; DYM exceeded US$8 in a short time, with a 24-hour increase of 6%.

TIA has been called the "crypto gold shovel" by the market in this cycle. TIA pledgers have received airdrops of high-quality projects such as DYM, ALT, and SAGA in the past few months. , and DYM, as a "silver shovel", is also considered by the market to be able to continuously obtain airdrops for future new projects through staking.

Related reading: "(3,3) of the new cycle? The "Ponzi expectation" of TIA's pledge-led airdrop model》

On March 6, Grayscale announced the launch of the Dynamic Income Fund (GDIF) to earn income by staking cryptocurrencies. The new fund will initially support nine blockchain assets, including There's Celestia (TIA), a fund that aims to distribute rewards in U.S. dollars every quarter.

The Dymension community released a new proposal on February 29, stating that it will launch the first round of automation by automatically distributing DYM tokens to providers of specific liquidity pools. Market Maker (AMM) Liquidity Incentive Program. On March 4, Dymension announced the launch of the RollApp draft to introduce RollApps to the mainnet.

Eclipse announced financing, and market rumors revealed that TIA pledged or There is an airdrop

Eclipse was founded in 2022 by Neel Somani, a former quantitative researcher at Citadel and a former software engineer at Airbnb, and Sam Thapaliya, founder of the Zebec protocol. Its mainnet architecture will utilize Ethereum as the settlement layer, run Solana Virtual Machine (SVM) as the execution environment, publish data to Celestia to achieve scalable data availability (DA), and use RISC Zero to complete ZK fraud proof.

The Eclipse team has joined Celestia’s Modular Fellows program and conducted a token swap with Celestia’s foundation. Eclipse also received a development grant from the Solana Foundation to support Solana Virtual Machine-powered Rollup.

It can be said that Eclipse is the "top configuration" in the current modular blockchain. When it is launched, Eclipse will have the speed of Solana and the speed of Ethereum. Security and efficiency of Celestia.

The Eclipse test network will be launched on December 14, 2023. The official team said that the addresses of the first 1,000 developers deployed on Eclipse will be included in the whitelist. In order to obtain commemorative NFT, but the NFT will be deleted when the Eclipse mainnet is online.

Given the structural configuration of Eclipse’s main network, there are also market rumors that staking TIA will receive Eclipse airdrops, but this news has not been officially confirmed by the team. Previously, TIA pledgers have received airdrop rewards from DYM, ALT and other projects, which has also led to a trend of crypto staking profits. We will wait and see whether Eclipse can continue the title of TIA's "golden shovel".

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