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Ethena Labs, developer of the Synthetic Dollar (USDE) USDE, and the financial technology company Securitize, has published a preliminary roadmap for their next converge network, a broadband blockchain focused on active world and decentralized finance (DEFI).
According to the announcement, a testnet will be live in the coming weeks, with a launch of Mainnet later in 2025.
Converge will include a native block time of 100 milliseconds (MS), with plans to reduce block times to 50 ms by the fourth quarter 2025. The developers also plan to reach at least one gigagas of potential flow in 2025. Gigagas is a measure of billions of units of gas treated with a blockchain network in a second.
Ethena and Securitize launch the network to support the applications of real authorized tokenized tokenized and the DEFI applications without authorization because the line between traditional and decentralized finances continues to blur.
In relation: Ethena Labs leaves the German market following an agreement with Bafin
Traditional financial institutions are increasingly using decentralized financing protocols and interact with real tokenized assets such as stablecoins and tokenized obligations.
The merger of Tradfi and Defi has drawn mixed reactions from the cryptographic community, some saying that it was inevitable that the two worlds met and others warning of institutional capture.
In an interview on January 21, Franklin Templeton CEO Jenny Johnson told Bloomberg that US President Donald Trump would integrate crypto and traditional finance by establishing clear regulations.
“We must have a kind of regulatory clarity so that you can bring them together because, fundamentally, this will result in costs, and there is a great innovation that technology allows,” said Johnson.
Shibtoshi, the founder of the Silielswap commercial confidentiality platform, recently told Cointtelegraph that certain institutions were currently hesitating to adopt decentralized financial solutions.
The founder of DEFI said that a lack of confidentiality, questions of legal responsibility and unclear regulations had already thwarted institutional adoption, but added that the tools to respond to these concerns already exist.
“The institutions have carried out the advantages of a system in complete security decentralized. As early as 2021, the reports indicate that almost one in three institutional investor in the crypto was already using Defi,” Shibtoshi told Cointelegraph.
Review: DEFI will increase again after Mamecoins ends: Sasha Ivanov, X Hall of Flame
post url: https://altcoin.observer/ethenena-labs-secure-the-roadmap-of-the-network-unveiled-converge/