Finding the Next Aster: 5 High-Revenue, Un-Tokenized Perp DEXs
This article spotlights five high-revenue, yet un-tokenized Decentralized Perpetual Exchanges (Perp DEXs), focusing on their protocol revenue, technical features, and growth potential. These projects demonstrate genuine profitability amidst intense competition in the sector. edgeX: The High-Performance Contender edgeX set a new revenue record for Perp DEXs in September 2025, with cumulative revenue reaching $49.47 million, solidifying its position as the second-highest revenue generator in th...
Can PoL v2 Ignite a BeraChain Rally?
1. Core Breakthrough: From Mercenary Liquidity to Value Feedback Loop In a post-yield-farming world, the only question that matters is “how does a chain manufacture its own organic demand?” Berachain’s answer is to make the native token the first beneficiary of every unit of growth. Proof-of-Liquidity (PoL) v2 flips the old script. Instead of letting ETH/SOL-style gas tokens watch from the sidelines while DeFi protocols pocket the upside, v2 reroutes 33 % of all DApp-bribe incentives from BGT...
Can DeepSeek Stay Hot?
DeepSeek is set to face more pressure and challenges in the future. The race towards a universal model has just begun, and who will ultimately win depends on continuous investment in funding and technological iteration. · A headhunter responsible for sourcing high-end tech talent in the large model field told The Paper Technology that DeepSeek's hiring logic is not much different from that of other companies in the large model sector. The core label for talent is "young and high-potential," m...
Finding the Next Aster: 5 High-Revenue, Un-Tokenized Perp DEXs
This article spotlights five high-revenue, yet un-tokenized Decentralized Perpetual Exchanges (Perp DEXs), focusing on their protocol revenue, technical features, and growth potential. These projects demonstrate genuine profitability amidst intense competition in the sector. edgeX: The High-Performance Contender edgeX set a new revenue record for Perp DEXs in September 2025, with cumulative revenue reaching $49.47 million, solidifying its position as the second-highest revenue generator in th...
Can PoL v2 Ignite a BeraChain Rally?
1. Core Breakthrough: From Mercenary Liquidity to Value Feedback Loop In a post-yield-farming world, the only question that matters is “how does a chain manufacture its own organic demand?” Berachain’s answer is to make the native token the first beneficiary of every unit of growth. Proof-of-Liquidity (PoL) v2 flips the old script. Instead of letting ETH/SOL-style gas tokens watch from the sidelines while DeFi protocols pocket the upside, v2 reroutes 33 % of all DApp-bribe incentives from BGT...
Can DeepSeek Stay Hot?
DeepSeek is set to face more pressure and challenges in the future. The race towards a universal model has just begun, and who will ultimately win depends on continuous investment in funding and technological iteration. · A headhunter responsible for sourcing high-end tech talent in the large model field told The Paper Technology that DeepSeek's hiring logic is not much different from that of other companies in the large model sector. The core label for talent is "young and high-potential," m...
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Recent Updates on Eclipse
On April 11th, Eclipse released a briefing on several milestone events over the past few weeks:
Exploding On-Chain Data: DEX Volume Surpasses $1 Billion, Goodbye to Turbo Tap
Last Week, the Eclipse team collectively planned Eclipse 2.0 during a virtual meeting;
Announced that registering a wallet before 3:59 AM UTC on April 14th will give users a chance to win 600 million HYPER airdrops from partner hyperlane, with a +25% boost in continuously accumulating expansion rewards!
Projects such as Werm, Deserialize, invariant, and more go live on Eclipse
Introduction to Eclipse
Eclipse is a customizable rollup provider operating on Ethereum Layer 2, being the first SVM chain permitted on Ethereum L2. This platform allows developers to deploy their own rollups supported by the Solana OS, using any chain for security or data storage.
As an SVM Layer 2 solution that integrates Ethereum's security, Solana's high performance, and Celestia's data availability, Eclipse implements a private architecture to provide high throughput and secure blockchain execution.
Eclipse's Advantageous Architecture
Eclipse's architecture ultimately modularizes Solana's SVM as a whole Layer 2 for execution:
Settlement Layer (Ethereum): Uses Ethereum for settlement, ensuring secure and decentralized finality. Interactions are verified through bridges, allowing Eclipse to leverage Ethereum's security.
Execution Layer (Solana SVM): The SVM handles interactions, permitting parallel execution which significantly improves throughput compared to single-threaded systems like the EVM.
Data Availability Layer (Celestia): In partnership with Celestia, this optimizes data publishing costs and efficiency, enabling the network to support high interaction volumes at lower costs.
Communication Protocol (IBC): Bridges with non-Eclipse chains are accomplished through the Cosmos Inter-Blockchain Communication standard IBC.
Cross-Chain Protocol (Hyperlane): In partnership with Hyperlane, introduces Hyperlane's permissionless interoperability solution to the Solana SVM-based blockchain.
The Eclipse Team
Eclipse was founded in 2022 by Neel Somani, a former quantitative researcher at Citadel, and Sam Thapaliya, the founder of the Zebec protocol. The team is set for a token generation event (TGE) in a few weeks:
Vijay Chetty: Chief Executive Officer, with relevant experience at Uniswap and dYdX, and a graduate of Princeton University.
Ben Livshits: Chief Technology Officer, with a deep resume including over two decades of research experience, former positions at Intel, Microsoft, Brave, and Matter Labs, and a PhD from Stanford University.
Terry Chung: Head of Strategy, a 1kx Research Analyst, and a mathematics bachelor from Columbia University.
Eclipse Funding
In March 2024, Eclipse completed a 50millionSeriesAroundata1 billion valuation, led by Placeholder and Hack VC, with participants including OKX Ventures!
In September 2022, it completed a $15 million seed round, led by Tribe Capital and Polychain, with participants including CoinList!
Summary of Eclipse
Eclipse leads in modularizing the first-layer stack by combining Ethereum's security and validator set with Solana's
Recent Updates on Eclipse
On April 11th, Eclipse released a briefing on several milestone events over the past few weeks:
Exploding On-Chain Data: DEX Volume Surpasses $1 Billion, Goodbye to Turbo Tap
Last Week, the Eclipse team collectively planned Eclipse 2.0 during a virtual meeting;
Announced that registering a wallet before 3:59 AM UTC on April 14th will give users a chance to win 600 million HYPER airdrops from partner hyperlane, with a +25% boost in continuously accumulating expansion rewards!
Projects such as Werm, Deserialize, invariant, and more go live on Eclipse
Introduction to Eclipse
Eclipse is a customizable rollup provider operating on Ethereum Layer 2, being the first SVM chain permitted on Ethereum L2. This platform allows developers to deploy their own rollups supported by the Solana OS, using any chain for security or data storage.
As an SVM Layer 2 solution that integrates Ethereum's security, Solana's high performance, and Celestia's data availability, Eclipse implements a private architecture to provide high throughput and secure blockchain execution.
Eclipse's Advantageous Architecture
Eclipse's architecture ultimately modularizes Solana's SVM as a whole Layer 2 for execution:
Settlement Layer (Ethereum): Uses Ethereum for settlement, ensuring secure and decentralized finality. Interactions are verified through bridges, allowing Eclipse to leverage Ethereum's security.
Execution Layer (Solana SVM): The SVM handles interactions, permitting parallel execution which significantly improves throughput compared to single-threaded systems like the EVM.
Data Availability Layer (Celestia): In partnership with Celestia, this optimizes data publishing costs and efficiency, enabling the network to support high interaction volumes at lower costs.
Communication Protocol (IBC): Bridges with non-Eclipse chains are accomplished through the Cosmos Inter-Blockchain Communication standard IBC.
Cross-Chain Protocol (Hyperlane): In partnership with Hyperlane, introduces Hyperlane's permissionless interoperability solution to the Solana SVM-based blockchain.
The Eclipse Team
Eclipse was founded in 2022 by Neel Somani, a former quantitative researcher at Citadel, and Sam Thapaliya, the founder of the Zebec protocol. The team is set for a token generation event (TGE) in a few weeks:
Vijay Chetty: Chief Executive Officer, with relevant experience at Uniswap and dYdX, and a graduate of Princeton University.
Ben Livshits: Chief Technology Officer, with a deep resume including over two decades of research experience, former positions at Intel, Microsoft, Brave, and Matter Labs, and a PhD from Stanford University.
Terry Chung: Head of Strategy, a 1kx Research Analyst, and a mathematics bachelor from Columbia University.
Eclipse Funding
In March 2024, Eclipse completed a 50millionSeriesAroundata1 billion valuation, led by Placeholder and Hack VC, with participants including OKX Ventures!
In September 2022, it completed a $15 million seed round, led by Tribe Capital and Polychain, with participants including CoinList!
Summary of Eclipse
Eclipse leads in modularizing the first-layer stack by combining Ethereum's security and validator set with Solana's
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