Converge chain
Overview
Converge is a blockchain announced in March 2025 by Ethena Labs and Securitize as a settlement network for tokenized real-world assets and institutional DeFi, specified to run on Arbitrum technology with Celestia data availability, use Ethena's USDe and USDtb as gas tokens, and rely on validators staking ENA. Its mainnet, targeted for Q2 2025, never shipped: by November 2025 the Ethena-incubated exchange Terminal Finance cancelled its own launch after Converge failed to materialize.
Within the DeFi Intel graph, Converge connects to 12 tracked entities, most strongly to Arbitrum, Ethena USDe, Ethena.
Relations
Top connections in the DeFi Intel knowledge graph (confidence-weighted, 10 of 12 total).
| Relation | Connected entity | Confidence |
|---|---|---|
built_on | Arbitrum | 95% |
uses_gas_token | Ethena USDe | 95% |
launched | Ethena | 95% |
uses_da | Celestia | 95% |
uses_gas_token | Ethena USDtb | 95% |
secured_by | ENA | 95% |
plans_launch_partner | Aave | 90% |
plans_launch_partner | Morpho Blue | 90% |
plans_launch_partner | Pendle | 90% |
plans_launch_partner | Ethereal | 90% |
Frequently asked questions
What is Converge?
Converge is a blockchain announced in March 2025 by Ethena Labs and Securitize as a settlement network for tokenized real-world assets and institutional DeFi. It was specified to run on Arbitrum technology with Celestia data availability, use Ethena's USDe and USDtb as gas tokens, and rely on validators staking ENA.
What chain does Converge run on?
Converge was specified to run on Arbitrum technology and use Celestia for data availability.
Did Converge launch?
No, Converge's mainnet was targeted for Q2 2025 but never shipped. By November 2025, the Ethena-incubated exchange Terminal Finance cancelled its own launch after Converge failed to materialize.