Converge Launches as New Arbitrum Chain for Traditional Finance Settlement
Converge Launches as New Arbitrum Chain for Traditional Finance Settlement
馃攧 TradFi Meets DeFi... Again?
Ethena Labs and Securitize announce Converge, a new Arbitrum chain designed for onchain finance and RWA settlement. Key features:
- $7B in initial liquidity from USDe and Blackrock BUIDL
- Native gas tokens: USDe and USDtb
- 100ms block times (targeting 50ms)
- Celestia-powered validator network
- Multi-language smart contracts via Stylus upgrade
The platform will integrate ~$5B from Ethena's ecosystem and ~$2B from Securitize's tokenized assets. Converge joins 80+ announced Arbitrum chains, focusing on bridging traditional finance with DeFi.
Converge, the next Arbitrum chain. Built by @ethena_labs and @securitize, @convergeonchain will serve as the settlement layer for onchain finance & RWAs w/ @celestia underneath. $7b in dollarized asset liquidity such as USDe and Blackrock BUIDL will be ready to flow into DeFi.
Estate Protocol Launches Real Estate Tokenization on Arbitrum
Estate Protocol has officially launched their real estate tokenization platform on the Arbitrum network. This follows a growing trend of bringing traditional real estate assets on-chain, with YieldBricks making similar moves last month. The platform aims to facilitate the tokenization of real estate assets, making property investment more accessible and liquid through blockchain technology. - Platform launched on Arbitrum L2 network - Follows YieldBricks' similar initiative in March - Focus on real estate tokenization and accessibility *This marks another significant step in bridging traditional real estate with blockchain technology.*
Everclear Launches on Arbitrum Mainnet for Cross-Chain Rebalancing
**Everclear (@EverclearOrg)** has completed its full mainnet launch on Arbitrum, introducing a new solution for cross-chain rebalancing. The platform now enables transfers between Layer 2 networks and Layer 1 blockchains. Key features: - Integration with Arbitrum network - Support for both L2 and L1 transfers - Competitive fee structure - Focus on efficient cross-chain operations The launch represents a significant step in improving interoperability between different blockchain networks while maintaining cost-effectiveness.
Huddle01 Leads DePIN Innovation on Arbitrum
Huddle01's decentralized communication platform on Arbitrum shows significant growth in the DePIN (Decentralized Physical Infrastructure Networks) space. Key metrics: - 23,000+ active users on MeetOnHuddle01 streaming app - 2,000+ nodes supporting network infrastructure - Full integration with Arbitrum's ecosystem The platform combines decentralized infrastructure with user-friendly streaming and chat features, demonstrating practical Web3 communication solutions. [Learn more about Huddle01's growth](https://blog.arbitrum.io/driving-depin-innovation-on-arbitrum-with-huddle01/)
Stylus Physical Redemptions and Mint Deadline
**Stylus** offers a unique opportunity for collectors of **Infinite Rainbows** by @JimenaBuenaVida: - Physical redemptions begin Monday, Oct 7 at 12:00pm ET - Mint deadline: Sunday, Oct 6 at 12:00pm ET - Exclusive minting available at http://mintstylus.xyz Don't miss this chance to participate in both digital and physical art collection. Mark your calendars and prepare for this limited-time event. *Visit the official website for more details and to participate in the mint.*