Katana Acquires IDEX to Launch On-Chain Perpetual Futures Platform

Katana, a DeFi-focused blockchain incubated by Polygon, has made significant strides in expanding its presence in the decentralized finance (DeFi) sector. The blockchain has acquired IDEX, one of the longest-running hybrid decentralized exchanges in the industry, with a history dating back to 2017.

IDEX's technology stack and experienced team will power Katana Perps, a native perpetual futures platform on the Katana DeFi chain. This move positions Katana to compete directly in the fast-growing on-chain derivatives market alongside established players like dYdX, Hyperliquid, and GMX.