The post Converge Sets the Stage for Scalable Cross-Chain DeFi appeared on BitcoinEthereumNews.com.

Converge integrates Arbitrum, Celestia, and G2 sequencer to deliver high-speed, scalable DeFi infrastructure for institutions. Ethena and Securitize plan to migrate over $7 billion in assets to the Converge network for cross-chain DeFi access. Converge has finally opened up about their technical specifications and roadmap. In the latest announcement, the blockchain project, a collaboration between Ethena Labs and Securitize, wants to build a super-fast network, compatible with Ethereum, and ready to accommodate institutional financial traffic. It’s not just empty promises, because they have even targeted a block time as low as 100 milliseconds, and more ambitiously to 50 milliseconds by the end of the year. Imagine, transactions that can be completed before you even have time to brew coffee. Simplifying DeFi with Stablecoin Gas and Cross-Chain Access To achieve this, Converge combines several key technologies. Arbitrum is used for Layer-2 scaling solutions, while Celestia is the foundation of its data availability. Behind all that, there is Conduit with a G2 sequencer designed to process transactions in parallel and quickly. But what’s interesting is not just the architecture. Converge chooses a more practical approach in using gas fees: they will use stablecoins such as USDe from Ethena and USDtb as gas tokens. This could be a game changer, as transaction fees will be more predictable, without the surprise of fluctuating gas prices. Furthermore, Converge will enable the account abstraction feature with ERC-7702. This feature allows users to set batch transactions and programmable session keys. In fact, assets from large networks such as Ethereum, Solana, and Arbitrum can be directly connected to the Converge network. So, if you are a developer, this is like opening a big door to bring users across blockchains without the hassle of manual migration. Over $7 Billion Set to Move Into Converge What makes all this even…

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Filed under: News - @ April 18, 2025 7:23 am