Polygon-incubated Katana blockchain acquires IDEX, rolls out new perps offering
Katana, backed by Polygon Labs and GSR, acquired IDEX to launch Katana Perps, a new perpetual futures platform.Summary
Katana, a DeFi-focused Ethereum scaling layer incubated by Polygon Labs and GSR, has acquired IDEX, a decentralized exchange established in 2017, to support its new Katana Perps offering. Katana CEO Matthew Fisher stated the acquisition is part of a strategy to own more of its technology stack and revenue streams, preparing for the growth of onchain perpetuals. IDEX, known for its hybrid DeFi-CeFi approach combining order books and AMMs, will serve as a core component of Katana Perps, aiming to unify spot and derivatives trading. The platform is supported by market makers GSR, Selini Capital, and Auros. Katana launched its mainnet in July, built on a custom OP Stack version, and is connected to the Polygon ecosystem. The acquisition follows a recent Binance delisting of IDEX’s spot trading pairs, causing the token’s value to decline.
(Source：The Block)