EclipseLink is an open source persistence framework that includes EclipseLink JPA for object-relational mapping, EclipseLink MOXy for object-XML mapping, and other services. EclipseLink JPA is the reference implementation for JPA 2.0 and supports advanced features through extensions for areas like caching, locking, and stored procedures. These extensions allow for high performance and tunability across databases while leveraging underlying technologies.