Converge will launch its mainnet before the end of the second quarter of this year.
Written by: 19122212.eth, Foresight News
On April 17, the crypto project Converge, co-released by Ethena Labs and Securitize, announced its preliminary technical specifications and development roadmap. As an innovative platform aimed at bridging traditional finance (TradFi) and DeFi, Converge focuses on high performance, institutional-grade security, and user-friendliness, with plans to launch its mainnet this year and promote the implementation of large-scale financial applications. This article will detail Converge's technical specifications, key points of the roadmap, and its potential impact.
(Left: Securitize CEO, Right: Ethena Labs CEO)
I. Jointly Developed by Ethena Labs and Fintech Company Securitize
Converge is jointly developed by Ethena Labs and fintech company Securitize, positioned as a high-throughput blockchain network focused on supporting tokenized real-world assets and DeFi applications. The project aims to attract institutional capital into the crypto ecosystem through technological innovation and compliance design, while providing retail users with an efficient DeFi experience. Its core vision is to break down the barriers between traditional finance and crypto finance, promoting the global integration of capital flows and interest rate markets.
Ethena Labs has accumulated rich DeFi experience through the rapid growth of USDe (which once had a market cap exceeding $6 billion, ranking as the third-largest stablecoin), while Securitize possesses deep compliance and technical expertise in asset tokenization. The collaboration endows Converge with unique advantages: it can meet the stringent requirements of institutions for security and compliance while providing the openness and innovation of DeFi.
II. High-Performance EVM Chain, USDe and USDtb as Gas Fees
The Converge network will support both permissionless DeFi applications and permissioned institutional-grade products, achieving the integration of traditional finance and crypto infrastructure on the same chain. The technical architecture of Converge is designed around three pillars: performance, security, and user experience. Below is a detailed interpretation of its core technical specifications:
High-Performance EVM
Converge adopts an Ethereum Virtual Machine (EVM)-based architecture, ensuring compatibility with the existing DeFi ecosystem while achieving ultra-high performance through customized optimizations. At launch, the network will achieve a native block time of 100 milliseconds, with a maximum throughput of up to 100 million gas/second (Mgas/s). The roadmap indicates that by the fourth quarter of 2025, block time will be further reduced to 50 milliseconds, and throughput is expected to reach 1 billion gas/second (Gigagas/s). This performance metric far exceeds that of most existing Layer 1 and Layer 2 networks, sufficient to support large-scale financial transactions and complex smart contract executions.
Integration of Arbitrum and Celestia
Converge achieves low latency and high scalability by integrating Arbitrum's Rollup technology and Celestia's data availability layer. Arbitrum provides an efficient transaction processing and smart contract execution environment, while Celestia reduces network costs by separating data storage, ensuring that transaction fees are stable and predictable. This modular design allows Converge to strike a balance between performance and cost, making it particularly suitable for institutional applications.
Stablecoins as Gas Fees
To enhance user experience, Converge chooses stablecoins such as USDe and USDtb as gas fee tokens, rather than traditional highly volatile native tokens. This design allows users to estimate and pay transaction fees in dollar-denominated units, avoiding the uncertainties brought by price fluctuations of crypto assets. Additionally, the network supports the ERC-7702 account abstraction standard, simplifying wallet operations and eliminating the pain points of ERC-20 token pre-authorization and complex gas management.
Converge Validator Network (CVN)
Converge introduces a unique Validator Network (CVN), securing the network through staking Ethena's ENA token. The CVN adopts a permissioned validator model (PoS, permissioned set) and combines KYC/KYB (Know Your Customer/Business) mechanisms to ensure validators meet compliance requirements. This design specifically targets institutional users, addressing their needs for risk management and compliance. Meanwhile, the network employs a dual-layer architecture: the core network strictly controls access permissions, while the application layer supports optional permissionless interfaces, providing flexibility for developers. To participate in the CVN, validators must stake Ethena's governance token ENA. The team has stated that the CVN will go live shortly after the mainnet launch.
Customized G2 Sequencer
Converge uses a G2 sequencer customized by Conduit, combined with the Arbitrum technology stack, to provide efficient transaction ordering and confirmation. This sequencer is a key component in achieving the 100-millisecond block time and ultra-high throughput, ensuring network stability under high load scenarios.
III. Testnet Launch in the Coming Weeks, Mainnet Launch Planned for Q2
Converge has also announced its 2025 roadmap, clearly outlining the key milestones from testnet deployment to mainnet launch, divided into the following phases:
Q2 2025: Testnet Launch
The testnet is expected to launch in the coming weeks, providing developers with early access opportunities to test network performance, smart contract deployment, and user interaction features. The testnet will focus on validating the actual performance of the 100-millisecond block time and stablecoin gas fees.
Q2 2025: Mainnet Launch
Securitize CEO Carlos Domingo stated in an interview that Converge plans to launch its mainnet before the end of the second quarter. The mainnet will support both institutional and retail users, initially focusing on promoting the institutional distribution of USDe (such as through special purpose vehicles SPV) and the development of DeFi applications.
Q4 2025: Performance Upgrades
By the end of 2025, Converge plans to reduce block time to 50 milliseconds and increase throughput to 1 Gigagas/s to meet the demands of tokenized assets and real-time financial transactions. Additionally, the network will introduce more developer tools, such as enhanced account abstraction features and smart contract templates, to lower development barriers.
IV. Conclusion
The launch of Converge coincides with the wave of integration between traditional finance and DeFi, and its high-performance architecture and compliance design give it a certain advantage in institutional adoption. For instance, Franklin Templeton CEO Jenny Johnson stated in January 2025 that a clear regulatory framework will drive the integration of TradFi and DeFi, and Converge's KYC/KYB mechanisms and permissioned validator model are a positive response to this trend.
However, Converge also faces challenges. The permissioned validator model may raise community concerns about centralization risks, and although its application layer supports permissionless interfaces, control of the core network remains concentrated in a few validators. Additionally, achieving high-performance goals relies on the stability of Arbitrum and Celestia, and any technical bottlenecks could impact the progress of the roadmap.
Converge represents an opportunity that combines technological innovation with real-world application potential. However, its success will still need to be tested over time, especially in terms of regulatory environment, technical stability, and ecological competition. In the coming year, Converge's performance will undoubtedly be worth close attention.
References
https://www.coindesk.com/tech/2025/04/16/ethena-securitize-target-q2-mainnet-launch-for-rwa-focused-blockchain-tap-arbitrum-celestia
https://www.convergeonchain.xyz/blog-posts/converge-tech-specification-roadmap
https://coinmarketcap.com/currencies/ethena-usde/
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