Eclipse launches ES token with governance and utility roles

Eclipse, an Ethereum layer-2 using the Solana Virtual Machine, launched its ES token, according to its official website. The token serves as gas for the network, enables governance over protocol decisions and can be staked or used in fraud-proof challenges. The total supply is 1 billion ES, allocated as 35% to ecosystem and development, 31% to early investors, 19% to contributors and 15% to airdrops and liquidity.