Eclipse Partners with Polygon to Launch Solana-Compatible Layer2 Called Polygon SVM

Rollup provider Eclipse announced it's collaborating with Polygon Labs to launch Polygon SVM, a Layer2 blockchain compatible with Solana that aims to bring Solana-based DApps into the Polygon ecosystem.

Polygon SVM uses the SeaLevel Virtual Machine (SVM) and is capable of running Solana-based smart contracts. Developers can directly deploy their Solana applications to Polygon SVM. The Layer2 is an Optimistic Rollup utilizing Polygon Avail as its base layer.

Eclipse said that the testnet of Polygon SVM is slated for release in late Q1 2023, with the mainnet launch to follow this summer.

Last September, Eclipse announced it raised $15 million in pre-seed and seed funding rounds. Polychain Capital, Tribe Capital, Tabiya and Polygon Ventures were among the investors.