Catenaa, Saturday, August 30, 2025- Layer 2 developer Eclipse Labs announced Monday that it has laid off 65% of its workforce and appointed Sydney Huang, also known as 0xSydney, as its new CEO, sources said.
The leadership change and restructuring follow the company’s recent token generation event (TGE) and aim to pivot the firm toward building in-house user-facing applications on its Ethereum-connected rollup.
Huang, formerly Eclipse’s Product Lead, succeeds Vijay Chetty, who voluntarily departed. Eclipse said the layoffs will “align resources with our updated strategy” to prioritize a breakout application atop its L2 infrastructure.
The firm will continue operating its rollup, which integrates Solana Virtual Machine capabilities, while focusing more resources on end-user applications rather than solely supporting developers.
The TGE launched Eclipse’s native token ES on Ethereum, Solana, and the Eclipse chain. ES has declined over 65% since the TGE, falling 13.2% in the last 24 hours to $0.1586.
Eclipse described the shift as part of its evolution from building infrastructure to delivering tangible applications for end users, signaling a strategic realignment in response to market performance and growth goals.
Founded in 2022, Eclipse positions itself as “Solana on Ethereum,” combining Solana’s speed with Ethereum’s security. Industry observers said the move reflects a broader trend of Layer 2 developers shifting focus from pure infrastructure to consumer-facing applications.
Huang emphasized the company’s commitment to improving its L2 chain while driving development of high-impact applications for broader adoption.
