Eclipse is an Ethereum Layer 2 that executes Solana-style programs with the Solana Virtual Machine (SVM), while using Ethereum for settlement and Celestia for transaction-data availability. Its associated ES token has a separate role: Eclipse’s June 2026 update describes ES as an incentive token for Human API, not as the network’s gas token. Network fees are paid in ETH.
Market Data
| Metric | Value |
|---|---|
| Ticker | ES |
| Price | $0.0008276 |
| Market cap | $124,140 |
| 24-hour volume | $1.16 million |
| Circulating supply | 150 million ES |
| Total / maximum supply | 1 billion ES |
CoinGecko snapshot observed 25 October 2026. Market values change; check the linked listing for current data.
What Eclipse Refers To
The name now needs two meanings kept apart. Eclipse is the Layer 2 network, designed to run programs written for Solana’s execution environment while settling to Ethereum. ES is a token associated with the project, but the official token update frames it around Human API, a separate consumer product. ES should not be described as Eclipse network gas or as a requirement for paying ordinary network fees.
How the Network Works
Eclipse combines components from different ecosystems. The SVM executes transactions; a sequencer orders and batches them; transaction data is published to Celestia; and commitments are relayed to Ethereum. This modular design lets applications use Solana’s programming model while relying on Ethereum as the settlement layer. It also means users depend on several components, bridges, and operators rather than on one chain alone.
The SVM and EVM are different execution environments. Existing Solana programs may be adapted to run on Eclipse, but that does not mean every Solana application, wallet, or service works there without changes. Throughput claims should be measured from observed network conditions rather than borrowed from Solana’s own performance figures.
ES Tokenomics
The official June 2026 update keeps ES supply fixed at 1 billion. Its stated allocation is 24% for float (airdrop, liquidity, and community), 29% for ecosystem and development, 16% for contributors, and 31% for early supporters and investors. The Foundation says the ecosystem allocation is unlocked for growth spending. It also says one-third of contributor and investor allocations unlocked on 16 July 2026, with the remainder released in equal monthly portions over the following 24 months.
The same update changes how the team describes the token. It names possible Human API features such as instant on-chain payouts and higher rewards for users who choose or stake ES, but presents these as directions under exploration. They should not be read as live benefits or guaranteed yield. The token’s market data also does not measure the health or usage of the Eclipse network.
Risks and Open Questions
Network users should consider the bridge and sequencer dependencies, the interaction between Ethereum settlement and Celestia data availability, and the maturity of the application ecosystem. ES has separate token-market risks, including changing liquidity and a token role that the project revised in 2026. The network and token therefore need separate evaluations.
Related Terms
See Also
- Are Layer 2 Networks Actually Decentralized? — how operator control affects L2 security.
- Does Ethereum TPS Include Layer 2 Transactions? — how L2 activity is counted.
- How Do Crypto Bridges Work — And Why Are They Such a Hack Target? — bridge trust assumptions and failure modes.
Sources
- Eclipse transaction lifecycle documentation — explains SVM execution, sequencing, Celestia data publication, and Ethereum settlement.
- Eclipse Collective’s updated ES tokenomics — the project’s June 2026 explanation of the token’s allocation and proposed Human API role.
- CoinGecko: Eclipse (ES) — source for the dated price, market capitalization, trading volume, and supply snapshot.