Eclipse Labs has undergone significant restructuring, shifting its focus from infrastructure to consumer applications. The move comes after a major leadership change and the company’s decision to cut 65% of its workforce. The restructuring is intended to address declining token value (ES) and compete more effectively in the rapidly changing crypto landscape. This strategic shift marks a departure for Eclipse Labs, moving from infrastructure provider to consumer-centric app development. Sydney Huang assumes the role of CEO following Vijay Chetty’s voluntary exit. The company’s goal is to utilize its Layer 2 network for creating user-friendly applications. This strategy mirrors the actions of other blockchain projects like NEAR and Polygon, who prioritized application development over infrastructure solutions. Despite initial plans for consumer apps, the restructuring has led to a significant decrease in ES token value (over 65% since launch). Investor confidence is currently shaken as they await tangible results from this strategic move.