Eclipse Lays Off 65% of Staff, Former CEO Steps Down Voluntarily

BlockBeats News, August 26th, Ethereum Layer2 network Eclipse announced today a team and leadership restructuring to adapt to the new development direction post TGE. As part of this transition, sydney will take on the role of CEO after Litquidity's voluntary departure. To align resources with the updated strategy, the team has reduced 65% of its staff. Eclipse's mission remains to bring Web2-level applications on-chain.

As of the time of publication, Eclipse's native token ES has a reported market cap of $23.83 million, with a 7.8% decrease in the last 24 hours, a 5.9% decrease in the past 7 days, and a 32.2% decrease in the past 30 days.