The first SVM L2 is powered by Pyth Data 🔮 Today marks the launch of Pyth Price Feeds on @EclipseFND, an Ethereum L2 powered by the Solana Virtual Machine optimizing for speed and performance. Learn more about this deployment below: ℹ️ About Eclipse Eclipse, utilizing the Solana Virtual Machine, stands out as an Ethereum Layer 2 that combines speed, security, and scalability. Designed to support demanding applications in finance and gaming, Eclipse enables developers to build high-performance applications aligned with core Web3 principles. The Ethereum Layer 2 leverages the SVM as its execution layer to enhance transaction throughput, benefiting from features like parallel execution and isolated fee markets. 🔮 Pyth Data on Eclipse The deployment of the Pyth pull oracle, coupled with Eclipse's rapid block times, ensures that developers on Eclipse benefit from continual access to high-frequency market data and the most recent price. And this is why a few trailblazers have or will soon be powered by Pyth on Eclipse: - @Neptune_Stable allows users to mint USDN, a stablecoin soft-pegged to the US dollar. USDN is minted on flexible terms and gives users instant access to the Eclipse ecosystem. - @solendprotocol is an algorithmic, decentralized lending and borrowing protocol on Solana and soon to be available on Eclipse. - @mangomarkets provides a single venue to lend, borrow, swap, and leverage-trade crypto assets through a powerful risk engine — launched on Solana, Mango is soon expanding to Eclipse. - @CloneProtocol is the home of non-native token trading on Solana—where anyone can get exposure to ‘clone’ (synthetic) assets like SUI, OP, ARB, DOGE, and many more directly on Solana and soon on Eclipse. - @DeCallsNFT is building the ultimate prediction platform on Solana where anyone can wager on whether the price of an asset will rise or fall within a specific period. 🗣️ Quotes "Now that Pyth price feeds are available on Eclipse, developers can build high-powered on-chain DeFi applications directly on an Ethereum L2. Since we use the Solana Virtual Machine, developers can access reliable price data that is updated much more frequently than other blockchains, and as a result, unlock a vast array of high-frequency dApps." — Vijay Chetty, CEO of Eclipse Labs. “Eclipse leads in modular technology by fusing Ethereum's security with Solana's performance. It shares numerous synergies with Pyth Network, as both utilize Solana VM to achieve high throughput and low latency performance. We eagerly anticipate how Pyth's price feeds will enable exciting DeFi applications in this new paradigm.” — Mike Cahill, CEO of Douro Labs.

On March 11, 2024, Clone announced their Points Multiplier Program involving the PYTH Governance Token stakers. Please refer to @CloneProtocol’s official announcement and social channels for more information.