writing, the TVL of tETH is $1.2 million, and the number of followers on the X platform is 1.1K.

: Three SVM Projects—Sonic SVM, SOON, and Eclipse—Are Gradually Becoming an Important Part of Driving the Development of Decentralized Ecosystems

latest data, the total tETH supply is 116,000, with a total deposit value of over $230 million and an APY of 4.3%.

latest data, the total tETH supply is 116,000, with a total deposit value of over $230 million and an APY of 4.3%.

Eclipse's Ecological Applications

As a Layer 2, Eclipse is naturally open to various ecological applications. Currently, there are seven applications on the DeFi side, including lending protocols, DEXs, and AMMs.

The seven applications are:

Among them, the most noteworthy is Zeta Markets, a decentralized options protocol that has attracted attention in the recent bull market. It is currently live on Ethereum, Arbitrum, Optimism, and Eclipse, with a total TVL of $120 million and 100K+ followers on the X platform.

In addition to DeFi applications, there are also several toC applications on Eclipse, including:

A summary of the three SVM projects above:output: Sonic SVM, SOON, and Eclipse are three representative projects in the field of Solana Virtual Machine (SVM). While they share similarities in technical details, they also have significant differences. Here's a summary of their key aspects:

Commonalities:

All three projects are centered around SVM technology, aiming to enhance blockchain performance and scalability.

They are designed to support a wide range of applications, including DeFi, gaming, and toC services.

Differences:

Sonic SVM is a standalone chain that operates on Solana's HyperGrid Framework. It serves as the final settlement layer for transactions processed on its chain.

SOON and Eclipse, on the other hand, are both L2 solutions that are deployed on top of Ethereum. They utilize Ethereum as the final settlement layer, while offering high-performance transaction processing on their respective L2s.

SOON is a modular Rollup framework that allows users to deploy custom SVM L2s on any underlying L1. It boasts a unique Decoupled SVM architecture for optimal performance.

Eclipse is a specific SVM L2 that's built on Ethereum. It stands out by using Ethereum as the gas token for its L2, tying it closely to the Ethereum ecosystem.

Sonic SVM is the only project among the three to have issued a token ($SONIC), which serves as the native currency for its chain. Both SOON and Eclipse have yet to introduce their own tokens.

While Sonic SVM and SOON are direct competitors in the SVM L2 space, Eclipse takes a different approach by integrating itself deeply with the Ethereum ecosystem and offering a distinct value proposition.

In summary, these three projects showcase the diverse applications of SVM technology and highlight the ongoing efforts to push the boundaries of blockchain performance and scalability.