So, Ethena Labs—yes, the geniuses behind the USDe synthetic dollar (because apparently, one fake dollar isn’t confusing enough)—teamed up with Securitize, the fintech wizards, and dropped a preliminary roadmap for their shiny new Converge network. It’s a high-throughput blockchain, which sounds like a fancy way of saying, “We want your money, but faster and with cooler jargon.” This baby is obsessed with real-world assets and DeFi—the financial buzzwords you nod at but secretly don’t understand.
Their crystal ball says a testnet will be up and running in a few weeks, with the mainnet making a grand entrance sometime in 2025. Mark your calendars—but maybe double-check you still have a calendar by then.
Converge boasts a native block time of 100 milliseconds. That’s faster than your microwave popcorn timer (and probably less dramatic). By Q4 2025, they want to slice that down to 50ms. For the uninitiated, that means things happen so fast your grandma’s knitting circle won’t keep up. Plus, they’re aiming for something called a “gigagas” throughput. Not a DJ, but a billion gas units processed per second—because who doesn’t want their blockchain to party like it’s 2099?
Ethena and Securitize are rolling out this wonderland to juggle permissioned (fancy exclusive parties) real-world tokenized apps and permissionless (everybody’s invited!) DeFi applications. They’re blurring the line between old-school finance and DeFi like a financial Photoshop experiment.
When TradFi Met DeFi and Things Got Uncomfortably Cozy
Old-school financial institutions are cozying up with decentralized finance protocols—think of it as your grandpa trying to use Snapchat. They’re dipping toes into tokenized real-world assets like stablecoins and tokenized bonds, which sounds fancy but is basically “digital stuff tied to real money.”
The crypto crowd has mixed feelings—some like it because it was inevitable like taxes, and others warn it’s basically Wall Street crashing the decentralized party. Again.
In a recent sit-down, Franklin Templeton CEO Jenny Johnson predicted that Donald Trump (yes, *that* Donald Trump) would bring crypto and traditional finance together through a big ol’ regulatory hug. Johnson’s quote to Bloomberg: “We need regulatory clarity so these worlds can come together and drive out costs.” Translation: “Let’s make it less of a wild west and more of a financial rodeo.”
Meanwhile, Shibtoshi, mastermind behind SilentSwap—the privacy ninja of trading platforms—told CryptoMoon that institutions still hesitate to fully jump into DeFi. Privacy worries, legal nightmares, and murky regulations are the big party poopers, but the tech to fix them is already on the dancefloor.
Shibtoshi dropped this gem: “Institutions have realized the benefits of a securely decentralized system. By 2021, almost one in three institutional crypto investors were already flirting with DeFi.” So yeah, even the stodgiest suits are starting to see the shiny crypto light—or maybe it’s just the office LEDs reflecting off their anxiety.
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2025-04-17 23:57