What chain is XVG on?

Could you please clarify which blockchain network XVG, also known as Verge, is currently operating on? Given the dynamic nature of cryptocurrency and its underlying technology, it's important to stay updated on the latest developments. As you're probably aware, Verge has had a history of evolving and adapting to new trends in the crypto space. Could you elaborate on the current blockchain solution XVG utilizes and perhaps provide some insights into its advantages or challenges compared to other popular blockchains? This information would be highly valuable for investors and enthusiasts alike.