One thing is clear, @katana’s approach is catching attention + liquidity. Here is its 5 week performance👇
➠ $384M TVL. Leading among chains launched in 2025 (20th across all chains)
➠ Ranking 25th in DEX trading volume
➠ COL earned almost $60K
➠ 75K+ users in just over 1 month
➠ Claimed #3 spot for @etherfi’s weETH on L2s (Behind @arbitrum & @base currently)
➠ Users can stack multiple rewards through @Lombard_Finance @turtledotxyz
➠ @turtledotxyz partnership added $232M into the ecosystem (You can also be eligible for $TURTLE airdrop)
@katana is focused on DeFi & building around liquidity retention.
1/ Chain owned liquidity concept
2/ Core apps philosophy (focused ecosystem vs spreading thin)
3/ Profit sharing mechanisms that flow back to users
See the problem they're addressing is real…
Protocols attract liquidity with high APRs → Users farm & leave → TVL crashes → protocol struggles
Breaking this pattern requires different incentive structures. That’s exactly what @katana is doing. They’re building for retention over extraction which is the right longterm play imo.
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