- Ethena Labs and Securitize will launch Converge testnet soon, with mainnet scheduled for release in 2025.
- Converge targets 100ms block time, aiming to reach 50ms and one gigagas throughput by late 2025 deployment window.
Ethena Labs and Securitize have released initial details for Converge, a blockchain project designed to handle real-world assets and decentralized finance (DeFi) applications. The developers confirmed that a public testnet will be available in the coming weeks, with a mainnet launch expected later in 2025.
According to the plan, Converge will operate with a native block time of 100 milliseconds. The team aims to reduce this to 50 milliseconds by the fourth quarter of 2025. Additionally, the project is targeting a throughput level of one gigagas per second — a figure representing the processing of billions of gas units in that timeframe.
Bringing onchain finance to global markets with Ethena and Securitize assets requires an equally ambitious tech roadmap purpose built for institutions
Introducing @convergeonchain's technical overview: https://t.co/MmfQmF2OeU
— Ethena Labs (@ethena_labs) April 17, 2025
The network is designed to support two types of use cases: permissioned applications for traditional financial assets and permissionless applications for DeFi tools. The integration of real-world financial processes into blockchain systems has increased in recent years.
Institutions are exploring DeFi not only for cost reduction but also for access to programmable money and decentralized settlement options. ETHNews analysts, however, point to ongoing barriers including regulatory ambiguity, privacy gaps, and legal concerns.
Franklin Templeton CEO Jenny Johnson addressed these concerns earlier this year. In an interview with Bloomberg, she stated that formal regulation could connect crypto and traditional finance. Johnson suggested that a clearer framework would enable more firms to use blockchain in regulated environments.
On the DeFi side, some developers argue that the tools to solve privacy and compliance risks are already available.
“We need to have some sort of regulatory clarity so that you could bring these together because, fundamentally, it will drive out costs, and there is great innovation that the technology enables,” Johnson said.
According to Shibtoshi, the founder of SilentSwap, many institutions are open to using decentralized platforms, but still hesitate due to perceived risks. He noted that secure and private infrastructure exists but has not yet been adopted widely across institutional channels.
Converge enters this sector with the stated goal of serving both markets—bridging regulated financial services and decentralized protocols. The outcome will depend on future regulatory changes, user demand, and whether the technical roadmap is completed as described.
Ethena (ENA) is currently trading at $0.2752, posting a 1.83% daily gain, but remains deeply entrenched in a broader downtrend. The token has lost 69.70% year-to-date and 71.92% over the past year, though it remains above its all-time low.
Since peaking near $1.52, ENA has steadily declined, reflecting both sector-wide DeFi pressure and early profit-taking behavior. Over the past week, the token has also slipped nearly 13%, showing signs of instability and cautious sentiment from traders.
Technically, ENA is hovering around a short-term support zone between $0.26 and $0.28, which has acted as a base for brief relief rallies in the past. Momentum indicators such as RSI and MACD remain neutral, suggesting the possibility of a bounce, but there’s little confirmation of strength yet.
Resistance lies around $0.31–$0.34, and a break above that level would be necessary to shift sentiment from bearish to recovery. If price fails to hold $0.26, downside continuation toward $0.22–$0.20 could unfold.
Fundamentally, Ethena operates in the DeFi and synthetic asset space, aiming to bridge on-chain and off-chain assets with its sUSDe stablecoin and derivatives infrastructure. There’s growing institutional interest in protocols like ENA, but investor appetite has been weighed down by aggressive token unlocks and macro uncertainty.
Recent listings, DAO proposals, and the launch of new liquidity pools on platforms like Curve and Balancer may help rebuild traction, but confidence remains fragile.
Exact Price Prediction: If ENA holds above $0.27 and breaks through the $0.30 resistance level, it is projected to reach $0.337 within the next 5 days, assuming volume and sentiment recover in the short term.
