Ethena Labs and Securitize have announced a roadmap for their Converge network, a high-throughput blockchain aimed at tokenized real-world assets and decentralized finance. The testnet is set to launch in the coming weeks, with a mainnet expected later in 2025. Converge will initially feature a native block time of 100 milliseconds, with plans to decrease it to 50 milliseconds by Q4 2025, aiming for a throughput of over one gigagas by the end of the year. This network will support both permissioned and permissionless applications as traditional finance increasingly merges with decentralized finance protocols. Industry reactions to this development vary, with some seeing it as inevitable while others express concerns about institutional influence over DeFi. Notable figures, including Franklin Templeton CEO Jenny Johnson, advocate for regulatory clarity to facilitate further integration of traditional and decentralized finance, while some industry founders highlight the need for better privacy and legal frameworks to promote institutional adoption of DeFi.

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