SVM L2 on Ethereum: Bullish or Bearish SOL? with Neel Somani, Founder, Eclipse
Bankless
Bankless
4.7 • 1.2K Ratings
🗓️ 20 September 2023
⏱️ 66 minutes
🧾️ Download transcript
Summary
Solana on Ethereum? Solana has a virtual machine called the SVM. Proponents say it’s much better than the Ethereum EVM…multi-threaded execution…now it’s coming to Ethereum in the form of an L2.
Today on the show, we brought on CEO & Co-Founder of Eclipse, Neel Somani. Eclipse is not only a new L2 on the scene, it’s also an L2 framework, kind of like the OP Stack. It’s a superchain contender.
This poses some very interesting questions….who wins? Does this kill Solana?
------
🎁 Check your wallet with our brand new tool: Claimables
https://bankless.cc/GetClaimables
------
📣 AAVE V3 is Here!
http://app.aave.com/
------
BANKLESS SPONSOR TOOLS:
🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE
https://k.xyz/bankless-pod-q2
🦊METAMASK PORTFOLIO | MANAGE YOUR WEB3 EVERYTHING
https://bankless.cc/MetaMask
⚖️ ARBITRUM | SCALING ETHEREUM
https://bankless.cc/Arbitrum
🛞MANTLE | MODULAR LAYER 2 NETWORK
https://bankless.cc/Mantle
🦄UNISWAP | ON-CHAIN MARKETPLACE
https://bankless.cc/uniswap
🔗 CELO | CEL2 COMING SOON
https://bankless.cc/Celo
-----
TIMESTAMPS
0:00 Intro
7:10 Motivations For Eclipse
10:50 Why is the SVM Great?
16:00 How Fee Markets Work?
19:20 Ethereum & Eclipse Pairing
20:25 What Kind of L2 is Eclipse?
23:25 Celestia For Data Availability?
25:30 Security Trade-Offs?
27:30 Transactions on Eclipse
28:00 Economics on Data Availability
33:50 RISC Zero & Eclipse
36:10 Modular Thesis
41:00 Eclipses's Superchain?
44:35 Eclipse Today?
45:20 Winners vs. Losers
46:40 Eclipse vs. Solana
49:00 Bad for $SOL?
52:45 Eclipse Team
53:45 Solana as an L2
55:00 Eclipse Token?
55:45 Future Ecosystems
57:05 Naming This New Tech
58:50 Roadmap
1:00:30 Neel's Bio
1:01:50 Closing & Disclaimers
-----
RESOURCES
Neel Somani
https://twitter.com/neelsalami
-----
Not financial or tax advice. See our investment disclosures here:
https://www.bankless.com/disclosures
Transcript
Click on a timestamp to play from that location
| 0:00.0 | Solana on Ethereum? |
| 0:07.5 | That is the question we explore on today's episode with a new product release as well. |
| 0:12.5 | This is an opportunity to pick into a topic we haven't yet touched on on Ethereum, which |
| 0:17.6 | is a virtual machine that Solana has called the SVM, that's the Solana virtual machine. |
| 0:24.0 | So proponents have said for a long time that it's much better than the Ethereum EVM, as |
| 0:28.8 | multi-threaded execution, lots of bells and whistles that Ethereum doesn't have. |
| 0:33.3 | And now, on today's episode, we're finding out that it is coming to Ethereum in the form |
| 0:38.6 | of a layer 2. |
| 0:41.0 | The Eclipse mainnet is what it's called. |
| 0:44.0 | That is the layer 2 that is launching today with the SVM embedded. |
| 0:48.3 | And Eclipse is not only a new layer 2 on the scene, but it's an entire framework, kind |
| 0:53.4 | of similar to the optimism, super chain network as well. |
| 0:58.2 | So this poses a lot of interesting questions, as you might imagine, that we are going to |
| 1:02.2 | dig into today, including who wins. |
| 1:04.6 | Is this a W4 Ethereum? |
| 1:07.2 | Is this an L4 Solana, or maybe the reverse? |
| 1:10.3 | What does this mean for the future of our industry? |
| 1:12.5 | A lot to unpack on today's episode. |
| 1:14.8 | I would even say that a lot of Ethereum people will say that, yeah, the SVM, the fantastic |
| 1:20.0 | piece of technology, and it is better than the EVM, especially when it comes to the things |
| 1:24.6 | that virtual machines do, which is execution. |
| 1:27.3 | There are some massive questions that this brings to the table, and I'm about to ask |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from Bankless, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of Bankless and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2026.