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Ethena Labs, Securitize unveil 'Converge' network roadmap

cryptoweekly by cryptoweekly
April 17, 2025
in bitcoin, News
0

Converge will allow both permissioned and permissionless projects to build on the tokenized real world asset-focused blockchain network.

Ethena Labs, the developer of the USDe synthetic dollar (USDe), and financial technology company Securitize, released a preliminary roadmap for their upcoming Converge network, a high-throughput blockchain focused on real-world assets and decentralized finance (DeFi).

According to the announcement, a testnet will be live in the coming weeks, with a mainnet launch later in 2025.

Converge will feature a 100 milliseconds (ms) native block time, with plans to reduce block times to 50ms by Q4 2025. The developers also plan to achieve at least one gigagas of potential throughput during 2025. Gigagas is a measure of billions of gas units processed by a blockchain network in one second.

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  • Bitcoin trader swaps $1.25B long for short as BTC price slides under $108K
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  • Crypto investor charged with kidnapping, torturing an Italian for passwords
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  • Bitcoin bears eye $69K, CZ denies WLF ‘fixer’ rumors: Hodler’s Digest, May 18 – 24
  • Durov blocked from attending Oslo Freedom Forum — Human Rights Foundation

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