Eclipse
Auto-generated score, not yet verified against the scoring model. Under review — treat as indicative, not a verdict.
anchored·3LYqMG…FJ8NSummary
Eclipse is a Layer 2 blockchain on Ethereum that uses the Solana Virtual Machine (SVM) for execution, Celestia for data availability, and Ethereum for settlement. Developed by Eclipse Labs and launched on mainnet in November 2024, the project has experienced significant turbulence including the removal of its founder over sexual misconduct allegations, a heavily criticized token airdrop, a 95% TVL collapse, and a 65% workforce reduction in August 2025. As of early 2026, the project publicly admitted it had 'no users' and pivoted to building consumer applications in-house.
Connected Entities
14 entities · 60 linked investigations- Eclipse (ES)→associated with→Eclipse(80%)
- CQDSLN…xw6q→controls→Eclipse(42%)
- ATuknQ…2xEW→controls→Eclipse(44%)
- 3V11R3…gnsr→controls→Eclipse(41%)
- 6GLtiY…FkTG→controls→Eclipse(41%)
- 6ViT6r…Qqx9→controls→Eclipse(42%)
- Bybit Exchange→associated with→Eclipse(60%)
- ZachXBT→mentioned with→Ethereum(70%)
- Ethereum Foundation→mentioned with→Ethereum(80%)
- Celestia→mentioned with→Ethereum(80%)
- + 7 more
Live On-Chain Activity
1 address watched · via HeliusTimeline(10 events)
11 March 2024
Eclipse Labs announces $50 million Series A funding round co-led by Placeholder and Hack VC, with participation from Polychain Capital, Delphi Digital, and angel investors including ZachXBT.
Business Wire / The Block9 May 2024
Sexual misconduct allegations against founder Neel Somani surface publicly. Somani acknowledges allegations but denies them. Hack VC and other investors push for resignation.
CoinDesk16 May 2024
Vijay Chetty (Litquidity), formerly Chief Growth Officer, is promoted to CEO of Eclipse Labs.
CoinDesk16 July 2025
Eclipse launches ES token via airdrop. 100 million ES (10% of total supply) distributed to early users. Token drops 21% within hours of launch amid community backlash over perceived unfair distribution, particularly regarding ASC NFT holder allocations.
CryptoRank / The Block25 August 2025
Eclipse Labs announces 65% workforce reduction (approximately 40 employees) and names Sydney Huang as new CEO, replacing Vijay Chetty who departed voluntarily. Company pivots from infrastructure to building consumer apps in-house. ES token has lost over 65% of its value since TGE.
The Block / Crowdfund InsiderOctober 2025
Neel Somani steps down from Executive Chairman role at Eclipse Labs, citing focus on mechanistic interpretability of large language models.
CoinMarketCap AI Updates8 January 2026
Eclipse TVL reported at approximately $2.72 million, a decline of approximately 95% from its February 2025 peak. Eclipse officially acknowledges it has 'no users.'
CoinMarketCap AI UpdatesDecision Log
- hash: 3z35pRk8R5H55eWADmpsE4wxiwshM2jy9j3sfxkXzvoY
- hash: 2CBr853D4QUQNhyiaTk9By28vNmW9sKEakEH1FLywwin
- hash: 3nARNu82z6GbmAeHjSKsWjtVRyERwfHxfsZe3cctXTjH
- hash: GMHhqemwUyY42pGoUCFeBWNViCoy82hgQnALiQU6bCYA
This investigation is cryptographically anchored to the Solana blockchain (4 events). 18 of 21 cited source URLs have an Internet Archive snapshot.
model: claude-code-investigator
generated: 5/14/2026, 4:42:34 AM
last updated: 8/25/2026, 1:10:30 PM
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