Ethena Labs, Securitize choose Arbitrum and Celestia's DA for Converge blockchain targeting real-world assets
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Quick Take
- Converge’s Ethereum-compatible network will launch in Q2 2025, combining permissionless decentralized finance (DeFi) products and institutional permissioned offerings.
- The chain will employ Arbitrum and Celestia technologies with Conduit’s G2 sequencer for improved transaction speeds and optimized data features.
- Gas tokens will include USDe and USDtb, as well as a validator system built on staked ENA, according to Ethena and Securitize.
Ethena Labs and Securitize chose Arbitrum and Celestia tech for their new Ethereum-compatible blockchain, Converge, set to launch in Q2.
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