@EclipseFND Currently, the TVL is 30 million, which is less than half of the funding amount.
It seems that there hasn't been a serious effort in attracting investments or in ecosystem growth and developer community building.
Eclipse, as an Ethereum L2 using the Solana VM,
competes with big names like Monad, MegaETH, Arb, Op, and Base in the EVM L1 and L2 space.
Moreover, it originates from Solana, so the community atmosphere and culture are not very close.
The competition and ceiling for this project are quite evident.
A few words about this project ES
@EclipseFND
Table, there's nothing wrong with it, but it's overvalued, and I don't believe institutions can invest at that valuation
If you make a rough judgement, in the case of an excellent completion of Milestone and verification of market viability, the valuation is around 400M, and 1B is just nonsense
Judging from the current listing situation, the valuation of the project is more suitable at about 200M
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The reliability of the disclosed amount is seriously unbalanced, so a valuation of 1/3 of the A round is given
3.11K
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