Converge: High-performance EVM chain will connect TradFi and Decentralized Finance

On April 17, an innovative crypto project named Converge announced its preliminary technical specifications and development roadmap. The project aims to become a bridge connecting TradFi and Decentralized Finance (DeFi), focusing on high performance, institutional-level security, and user-friendliness, with plans to launch its mainnet this year and promote the implementation of large-scale financial applications.

Converge is positioned as a high-throughput blockchain network, focusing on supporting tokenized real-world assets and Decentralized Finance applications. The core vision of the project is to break down the barriers between TradFi and crypto finance, promoting the global integration of capital flow and interest rate markets. It will simultaneously support permissionless DeFi applications and permissioned institutional-grade products, achieving the integration of traditional finance and crypto infrastructure on the same chain.

In terms of technical architecture, Converge adopts a design based on the Ethereum Virtual Machine (EVM), ensuring compatibility with the existing Decentralized Finance ecosystem, while achieving ultra-high performance through customized optimization. When the network launches, it will achieve a native block time of 100 milliseconds, with a maximum throughput of up to 100 million gas/second. By the fourth quarter of 2025, the block time is expected to be further reduced to 50 milliseconds, and throughput is projected to reach 1 billion gas/second. This performance metric far exceeds that of most existing Layer 1 and Layer 2 networks, making it sufficient to support large-scale financial transactions and complex smart contract executions.

Converge achieves low latency and high scalability through the integration of Rollup technology and a data availability layer. This modular design allows Converge to strike a balance between performance and cost, making it especially suitable for institutional-level applications. To enhance user experience, Converge chooses stablecoins as the Gas fee token, rather than traditional highly volatile native tokens. This design allows users to estimate and pay transaction fees in dollar-denominated units, avoiding the uncertainty brought about by the price volatility of crypto assets.

In terms of cybersecurity, Converge introduces a unique Validator Network (CVN) that ensures network security through token staking. The CVN adopts a permissioned validator model and incorporates KYC/KYB mechanisms to ensure that validators meet compliance requirements. This design is specifically tailored for institutional users, addressing their needs for risk management and compliance.

Converge also announced its roadmap for 2025, which includes launching a testnet in the coming weeks to provide early access opportunities for developers. The mainnet is planned to go live before the end of the second quarter, initially focusing on the institutional-level distribution of stablecoins and the development of Decentralized Finance applications. By the end of 2025, Converge plans to further enhance performance to meet the demands of tokenized assets and real-time financial transactions.

The launch of Converge coincides with the wave of integration between TradFi and Decentralized Finance. Its high-performance architecture and compliance design give it a certain advantage in institutional adoption. However, the project also faces challenges, such as the potential concerns from the community regarding centralization risks posed by the validator model, as well as the reliance on the stability of related technologies to achieve high-performance goals.

Converge represents an opportunity that combines technological innovation with practical application potential. However, its success still needs to be tested over time, especially in terms of the regulatory environment, technological stability, and ecological competition. In the coming year, the performance of Converge will undoubtedly be worth close attention.