Was SVM ultimately just a narrative?
Projects like Sonic SVM, SOON, and Eclipse were once frequently seen on Telegram.
Now, interest in SVM has waned, and it seems they have not found their PMF.
SVM aimed to achieve "adoption by developers and general users (making SVM great again)" with features like low fees, fast transaction processing speeds, and support for parallel processing.
However, it has not been able to demonstrate such qualities and is essentially not recognized in the market, similar to Ethereum L2.
Every time I see such cases, I can't help but question whether we really need a new layer.
Today, Eclipse Labs announced team and leadership changes to align with a new direction post-TGE. Over the past months, we’ve explored opportunities for application development on the network. Going forward, we’ll prioritize building a breakout application on top of Eclipse’s L2 infrastructure, with more details to come.
As part of this transition, @0xSydney will assume the role of CEO following the voluntary departure of @0xLitquidity. To align resources with our updated strategy, we have reduced our workforce by 65%. This difficult decision was made to give Eclipse the flexibility needed to execute on its next chapter.
Eclipse’s mission to bring web2-scale applications onchain remains unchanged. We look forward to continuing this journey with our community, token holders, and stakeholders.
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