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Is Ethena $ENA about to enter a period of high price volatility?
The Ethena Season 3 airdrop is about to end. In addition to the potential selling pressure after the airdrop, there are also many factors influencing the price, including: the construction of the new public chain Converge, BaFin's prohibition on USDe issuance, and market maker Amber Group's transfer of a large number of ENA tokens.
1. Ethena collaborates with Securitize to create Converge.
On March 18, Ethena announced a partnership with Securitize, focusing on the RWA sector, to build a settlement network called "Converge". The goal is to bring traditional financial funds into on-chain finance, which can be understood as the aggregation of DeFi and TradiFi.
From Ethena announcement
The author believes this move is significantly beneficial for all three parties involved in constructing Converge:
1. Ethena collaborates with Securitize to create Converge.
On March 18, Ethena announced a partnership with Securitize, focusing on the RWA sector, to build a settlement network called "Converge". The goal is to bring traditional financial funds into on-chain finance, which can be understood as the aggregation of DeFi and TradiFi.
From Ethena announcement
The author believes this move is significantly beneficial for all three parties involved in constructing Converge:
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Interpretation | Ethena Chain "Converge" Technology and Roadmap (Released on 4/17)
Carefully read the entire technical description, directly summarizing a few key points, and briefly explaining their impact on $ENA .
Token related
USDe and USDtb serve as the underlying Gas tokens for Converge
sENA serves as the staked asset for the Converge Validator Network (CVN)
Converge, as a blockchain, will not issue new tokens
The goal is to introduce institutional capital from traditional finance to achieve the integration of RWA and DeFi.
US dollar-pegged stablecoins eliminate price volatility risk and are conceptually friendly, undoubtedly becoming the best choice for traditional finance entering on-chain finance in terms of underlying assets.
As always, the function of governance tokens always falls on protecting the validator network.
Token related
USDe and USDtb serve as the underlying Gas tokens for Converge
sENA serves as the staked asset for the Converge Validator Network (CVN)
Converge, as a blockchain, will not issue new tokens
The goal is to introduce institutional capital from traditional finance to achieve the integration of RWA and DeFi.
US dollar-pegged stablecoins eliminate price volatility risk and are conceptually friendly, undoubtedly becoming the best choice for traditional finance entering on-chain finance in terms of underlying assets.
As always, the function of governance tokens always falls on protecting the validator network.
Ethena and Securitize’s RWA blockchain Converge is set to launch in Q2 2025
#Ethena and #Securitize plan to launch #RWA blockchain #Converge by the end of Q2 2025. Converge will offer institutional-grade infrastructure to support large-scale RWA tokenization for leading global financial institutions, fostering broader adoption and more usable onchain finance through seamless RWA and #DeFi integration. Converge will leverage Arbitrum and Celestia for fast blocktimes, use $USDe and $USDtb as gas tokens, and secure its validator network with staked $ENA .
👉 coindesk.com/tech/2025/04/16/ethena-securitize-target-q2-mainnet-launch-for-rwa-focused-blockchain-tap-arbitrum-celestia
#Ethena and #Securitize plan to launch #RWA blockchain #Converge by the end of Q2 2025. Converge will offer institutional-grade infrastructure to support large-scale RWA tokenization for leading global financial institutions, fostering broader adoption and more usable onchain finance through seamless RWA and #DeFi integration. Converge will leverage Arbitrum and Celestia for fast blocktimes, use $USDe and $USDtb as gas tokens, and secure its validator network with staked $ENA .
👉 coindesk.com/tech/2025/04/16/ethena-securitize-target-q2-mainnet-launch-for-rwa-focused-blockchain-tap-arbitrum-celestia
🔥 #ethena Labs Moves $6B DeFi Ecosystem to #Converge ! 🔥
#EthenaLabs is shifting its $6B DeFi ecosystem to Converge, an Ethereum-compatible blockchain built with Securitize to bridge TradFi & DeFi. 🚀
🔹 Why the move?
✅ Compliant settlement & custodial services
✅ KYC-wrapped DeFi products for institutions
✅ Seamless stablecoin & tokenized asset settlement
🔹 Who’s involved?
🔸 $AAVE , Morpho, $PENDLE & more as launch partners
🔸 BlackRock, Apollo, & KKR for tokenized assets
🔸 Secured by $ENA token staking
Launch: Q2 2025! Will this redefine institutional DeFi? 👀🔥
#Write2Earn
#EthenaLabs is shifting its $6B DeFi ecosystem to Converge, an Ethereum-compatible blockchain built with Securitize to bridge TradFi & DeFi. 🚀
🔹 Why the move?
✅ Compliant settlement & custodial services
✅ KYC-wrapped DeFi products for institutions
✅ Seamless stablecoin & tokenized asset settlement
🔹 Who’s involved?
🔸 $AAVE , Morpho, $PENDLE & more as launch partners
🔸 BlackRock, Apollo, & KKR for tokenized assets
🔸 Secured by $ENA token staking
Launch: Q2 2025! Will this redefine institutional DeFi? 👀🔥
#Write2Earn
Ethena Labs and Securitize have unveiled the upcoming launch of Converge
#EthenaLabs and #Securitize have announced the upcoming launch of #Converge , a purpose-built #EVM blockchain aimed at advancing #DeFi and tokenized assets. Beyond retail-focused DeFi apps, Converge will offer partner-developed solutions tailored for institutions, ensuring compliant access to DeFi’s innovation and capital efficiency. Ethena will focus its institutional products on Converge and seek to migrate its DeFi ecosystem, while Securitize will issue tokenized assets on Converge and enhance interoperability across its integrations.
Moreover, Ethena’s native governance token, $ENA, will serve as a stakeable asset for Converge through a permissioned validator set of traditional finance entities and centralized exchanges. $USDe and $USDtb, a stablecoin co-developed by Ethena and Securitize, will function as gas tokens for the network.
👉
mirror.xyz/0xF99d0E4E3435cc9C9868D1C6274DfaB3e2721341/UmVelxhKuuCgad0VLF6u9kqxMmmxBps-EJyjYKNbXKM
#EthenaLabs and #Securitize have announced the upcoming launch of #Converge , a purpose-built #EVM blockchain aimed at advancing #DeFi and tokenized assets. Beyond retail-focused DeFi apps, Converge will offer partner-developed solutions tailored for institutions, ensuring compliant access to DeFi’s innovation and capital efficiency. Ethena will focus its institutional products on Converge and seek to migrate its DeFi ecosystem, while Securitize will issue tokenized assets on Converge and enhance interoperability across its integrations.
Moreover, Ethena’s native governance token, $ENA, will serve as a stakeable asset for Converge through a permissioned validator set of traditional finance entities and centralized exchanges. $USDe and $USDtb, a stablecoin co-developed by Ethena and Securitize, will function as gas tokens for the network.
👉
mirror.xyz/0xF99d0E4E3435cc9C9868D1C6274DfaB3e2721341/UmVelxhKuuCgad0VLF6u9kqxMmmxBps-EJyjYKNbXKM
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Ethena and Securitize's new blockchain: A bridge between DeFi and traditional assets set to launch?
In the context of DeFi and real-world assets (RWA) increasingly coming together, a new name is attracting attention in the Web3 community: Converge — a blockchain specially designed to connect traditional capital flows with decentralized applications. Ethena and Securitize, two giants in the stablecoin and asset tokenization fields, are collaborating to launch the Converge mainnet before the end of Q2 this year.
Why could Converge become the new backbone for RWA on Web3?
Why could Converge become the new backbone for RWA on Web3?
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