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CryptoMediumUpdated•Originally published 23 March 2026•Updated 23 March 2026•

1 min read

Katana Perps Acquires IDEX and Launches Integrated Perpetual Futures Platform

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Key Facts

1Katana, a DeFi blockchain incubated by Polygon Labs and GSR, has acquired the decentralized exchange IDEX.

2 months ago

Version History

3 additional sources confirmed this story

Version 12 months ago

What changed: Added details regarding the integration of IDEX's decade-long technology stack and the targeted competition with platforms like Hyperliquid and dYdX.

Katana, a DeFi-focused blockchain backed by Polygon Labs and GSR, has announced the strategic acquisition of the veteran decentralized exchange IDEX. This move involves integrating IDEX's exchange technology, developed over a decade, into Katana's infrastructure to power its new Katana Perps platform. The acquisition aims to position Katana as a direct competitor to major on-chain derivatives platforms such as Hyperliquid and dYdX. To lead this expansion, former OKX and Binance executive Matthew Fisher has been appointed as the new CEO. This development highlights a significant trend of infrastructure maturity within the DeFi sector, combining long-standing technical heritage with advanced on-chain solutions. The integration is expected to enhance liquidity efficiency and provide a more seamless trading experience for crypto derivatives users.