Katana, a decentralized finance blockchain developed below the steering of Polygon Labs and GSR Markets, has acquired IDEX and launched Katana Perps, a unified onchain perpetual futures and spot buying and selling platform, in line with a press release shared by the staff on Monday.
The deal is the primary main strategic motion below newly put in chief govt Matthew Fisher, who goals to consolidate extra of Katana’s buying and selling infrastructure and income below one stack.
“As always-on markets develop into the default venue for real-time worth discovery and the regulatory setting opens a path for onchain perpetuals, the infrastructure layer must be in place now. That’s what we’re constructing,” Fisher stated in a press release.
IDEX launched in 2017 and was among the many first decentralized exchanges to pair a high-speed order matching engine with onchain settlement. It held the highest place amongst Ethereum-based DEXs by buying and selling quantity and transaction rely by means of 2019.
That operational historical past now gives the spine for Katana Perps.
The platform is reside with backing from market makers together with GSR, Selini Capital, and Auros, providing leveraged buying and selling, directional publicity instruments, and built-in liquidity for each crypto-native merchants and institutional members searching for round the clock entry to derivatives markets.
Decentralized perpetual futures have grown rapidly
The announcement comes as regulatory alerts within the US counsel rising acceptance of crypto perpetual futures and because the markets proceed to shift towards always-on, 24/7 buying and selling environments.
Based on CoinGecko, cumulative buying and selling quantity throughout decentralized perpetuals venues reached roughly $6.7 trillion throughout 2025, a 346% enhance over the prior 12 months.
Hyperliquid, the market chief, accounted for roughly $2.9 trillion of 2025’s decentralized perps quantity and instructions greater than 55% market share amongst high DEXs, pushed partly by a extensively mentioned token airdrop.
When geopolitical tensions involving Iran rattled vitality markets earlier this month, oil futures buying and selling on Hyperliquid surged to $7.3 billion by March 13, illustrating how members more and more flip to 24/7 decentralized platforms for real-time worth discovery.
Disclosure: This text was edited by Vivian Nguyen. For extra info on how we create and overview content material, see our Editorial Coverage.
