UNCHAINED: How to Build the Fastest Onchain Experience With Monad, Sei, and Eclipse
Aug 28, 2024
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Keone Hon from Monad Labs, Jay Jog of Sei Labs, and Vijay Chetty from Eclipse Labs share their expertise in enhancing blockchain performance. They discuss Monad's unique approach to being a high-throughput blockchain and why they opted against an L2 solution. Jay reveals Sei's transition to the EVM and its claim to be the fastest chain, while Vijay highlights Eclipse’s goal of merging Ethereum and Solana technologies. The conversation dives into technical innovations like parallelized EVMs and the significance of community support in advancing blockchain technology.
The podcast explores how Monad’s innovative architecture enables processing up to 10,000 transactions per second, enhancing blockchain performance.
Jay Jog explains Sei's strategic pivot from Cosmos to EVM, which allows it to achieve unprecedented speed in blockchain transactions.
Eclipse Labs focuses on providing high-throughput decentralized finance applications by integrating modular solutions for efficiency within Ethereum's ecosystem.
Deep dives
The Benefits of Audible Membership
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Upcoming Crypto Events and Industry Insights
The podcast highlights an important forthcoming event, Token 2049 in Singapore, which will gather significant industry figures and 20,000 attendees to discuss developments in the cryptocurrency space. This event is set to enhance networking opportunities and foster discussions on current trends and innovations. The participation of renowned blockchain personalities underscores the growing momentum within the industry. Such gatherings are critical as they enable collaboration and idea exchange among stakeholders.
Innovations in Blockchain Technology
The episode discusses advancements in parallelized Ethereum Virtual Machines (EVMs) through interviews with key figures from projects like Monad Labs, Say Labs, and Eclipse Labs. These innovative blockchains tackle scalability by employing distinct architectural improvements, such as Monad's pipelined architecture which allows for 10,000 transactions per second. Each organization faces unique challenges while striving for enhanced performance and decentralization, highlighting the diverse approaches within the evolving blockchain landscape. The advancements promise to significantly impact how applications are developed and executed on blockchain technology.
Monad's Architectural Advances
Monad features a pioneering architecture that includes a custom state database optimized for Ethereum's Merkle tree data, aimed at enhancing transaction speed and efficiency. By implementing optimistic parallel execution and asynchronous processes, Monad can maintain transaction integrity while running operations concurrently. These features allow for maximum utilization of hardware resources, leading to performance breakthroughs crucial for supporting high-demand applications. The design facilitates rapid transaction processing without compromising security or reliability, addressing a critical bottleneck in existing blockchain systems.
Eclipse Labs and the Future of High-Throughput Solutions
Eclipse Labs differentiates itself by utilizing the Solana Virtual Machine to offer higher throughput and lower costs within the Ethereum ecosystem. This architecture allows Eclipse to provide institutional-grade decentralized finance applications while maintaining a seamless user experience. By leveraging modular solutions for data availability and consensus, the project aims to support a wide variety of applications and reduce fragmentation in the market. With an emphasis on future developments, Eclipse is positioned to innovate further with enhancements like ZK fraud proofs and integration of promising technologies such as Firedancer.
The next generation of high-throughput blockchains are on their way. Keone Hon of Monad, Jay Jog of Sei, and Vijay Chetty of Eclipse discuss the ways they’re boosting the number of transactions per second, and the tradeoffs they’re having to make.
In this episode of Unchained, Keone Hon of Monad Labs, Jay Jog of Sei Labs, and Vijay Chetty of Eclipse Labs share insights on their distinct approaches to scalability and performance in high-throughput blockchains. They discuss the technical advantages of parallelized EVMs, the strategic decisions behind blockchain architecture, and the innovations driving the next generation of high-speed chains.
Show highlights:
How Monad got started and its mission from the very beginning
The features that enable Monad to be a high-throughput blockchain
Why Monad chose to make a new blockchain instead of an L2
Why Keone believes that Monad offers the best experience for developers and why he doesn’t like the ‘Ethereum killer’ description
Monad’s big venture capital raise and how they’ll use the money
Monad’s strong community
The next steps for Monad and whether we’ll see a token soon
What Sei is and the role of the GameStop saga in the creation of it
Why Jay believes the EVM developer ecosystem is so strong
Why Sei pivoted from Cosmos to the EVM that led to the launch of its v2
What allows Sei to be “the fastest chain, even faster than Solana”
How Sei DB works, and why Jay says that the monolithic approach has many advantages to the modular one
How Eclipse works by combining Ethereum, Solana, and Cosmos
How Eclipse deals with the complexities of its modular architecture
What ways there are to transact in SOL on Eclipse
Vijay’s reaction to how Eclipse Labs has responded to the allegations against its founder and former CEO Neel Somani
How Eclipse aims to attract developers
What areas within crypto Vijay expects will flourish on Eclipse
The next steps for Eclipse and when the mainnet could launch
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