Any successful blockchain must create a flywheel effect as follows: Economic progress (such as TVL, price, revenue, transaction volume, etc.) must bring attention and visibility to the chain, thereby: Enabling new applications to receive funding, new developers to learn the relevant technologies, and new users to leverage what we have built to improve their lives. This will inevitably lead to: Innovation, as well as improvements in infrastructure and applications to enhance efficiency and exp...

Introduction The Ethereum Layer 2 race has seen another significant development as Eclipse Labs, a modular blockchain developer, announced the completion of a $50 million Series A financing round, co-led by Placeholder and Hack VC, with participation from top-tier institutions like Polychain Capital and Delphi Digital. This brings Eclipse's total funding to $65 million, setting a new record for single-round financing in the Layer 2 space. The news has drawn attention to a critical question: C...