Katana, a new DeFi-first layer-2 blockchain, launched its mainnet with over $200 million in productive total value locked (TVL), marking one of the most successful debuts for a layer-2 network this year. Katana, developed by the Katana Foundation and a graduate of the Polygon Agglayer Breakout Program, aims to support high-yield decentralized finance activities at scale. It integrates with decentralized exchanges and lending protocols, providing incentives for liquidity providers without resorting to new token issuance. Instead, Katana's design captures yields from multiple sources, including its VaultBridge strategies, enabling users to earn native Ethereum yields. The blockchain offers trading of tokens such as SOL, XRP, and SUI through its partnership with Universal, enhancing institutional-grade custody and minting capabilities. Katana is poised to refine how DeFi capital efficiency is measured, introducing productive TVL to account for capital actively deployed in yield-generating strategies, contributing to a self-sustaining economic model. The launch of its KAT token also promises rewards for early stakeholders, further embedding it within the broader Ethereum ecosystem.

Source 🔗