Katana, incubated by Polygon, acquired IDEX and launched a new Perps product.

03-24

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According to ChainCatcher, Theblock reports that Katana, a public blockchain designed specifically for DeFi incubated by Polygon Labs and GSR, has acquired decentralized exchange IDEX to support its new Katana Perps product, which has already received support from market makers GSR, Selini Capital, and Auros.

IDEX, initially built on Ethereum and later expanded to Polygon, is reportedly one of the first decentralized exchanges to combine a high-performance matching engine with on-chain settlement. IDEX combines traditional centralized order books with automated market makers (AMMs) to provide continuous liquidity and faster execution speeds.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.

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