Arbitrum Launches Converge, a New Blockchain Designed to Serve as a Settlement Layer for Tokenized Real-World Assets (RWAs)

Ethereum Layer-2 protocol Arbitrum has launched Converge, a new blockchain designed to serve as a settlement layer for tokenized real-world assets (RWAs) and

Arbitrum, the Ethereum layer-2 protocol, has launched Converge, a new blockchain designed to be a settlement layer for tokenized real-world assets and on-chain finance.

The network is being developed by Ethena Labs and Securitize, with the aim of bringing billions of dollars in stable assets into decentralized finance.

Arbitrum Converge: Key Points to Note

Arbitrum, the well-known Ethereum layer-two (L2) scaling solution, has announced the launch of Converge, a new blockchain designed to be a settlement layer for tokenized real-world assets (RWAs) and on-chain finance.

The network, which is being developed with Ethena Labs and Securitize, aims to bring billions of dollars in stable assets into decentralized finance (DeFi).

Arbitrum’s L2 scaling solution will use Celestia’s modular data availability layer for faster and more reliable data processing. Two key stablecoins, USDe and USDtb, will serve as gas tokens, ensuring stability in transaction fees.

Moreover, Converge will be secured by validators using sENA, and it will host major decentralized finance applications. These include DApps such as Ethereal DEX, with plans for more appchains.

The assets of Ethena Labs, valued at $5 billion, and those managed by Securitize, amounting to $2 billion, will be transferred to Converge, significantly boosting its liquidity.

Arbitrum L2 And The Competition

Layer 2 solutions have seen growing adoption. For instance, last year, Ethereum Mainnet performed an average of 14.10 User Operations Per Second (UOPS).

In contrast, Base achieved 83.99 UOPS, reaching a peak of 155.44 on January 1, 2025. It performed over 221 million operations in 30 days, the highest among L2 networks according to L2Beat data.

Arbitrum One saw a 35.9% decline in 30-day usage, with current UOPS at 21.71. Despite this, the network’s infrastructure remains a strong contender, and rollup activity saw a surge towards the end of 2024, demonstrating growing trust in L2 solutions.

Arbitrum Price Analysis

Recent reports indicate that U.S.-based trading platform Robinhood has added Arbitrum (ARB) to its list of tradable cryptocurrencies. The listing reportedly drove a 14% price rally for the Ethereum layer-2 network.

As of writing, Arbitrum is trading at $0.2808, with a slight 0.11% increase in the past 24 hours. Meanwhile, its trading volume has seen an addition of 6.84%, pushing it to $115.38 million.

With the launch of Converge and the new partnerships, Arbitrum could see heightened interest and engagement, which may have implications for ARB’s price in the short term.

Beyond Converge, the next major development is the Ethereum Pectra upgrade, set to launch on May 7.

News data source: kdj.com

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