Katana blockchain incubated by Polygon acquires IDEX and launches new perpetual contract products

On March 24, Katana, an Ethereum expansion network incubated by Polygon Labs and GSR and focusing on decentralized finance (DeFi), acquired IDEX, a decentralized exchange launched in 2017, to provide underlying support for its new product KatanaPerps. The terms of this transaction have not been disclosed. IDEX was originally built on Ethereum and later expanded to the Polygon network. It is the first decentralized exchange to combine a high-performance matchmaking engine with on-chain settlement. The agreement will become a core foundation component of KatanaPerps. KatanaPerps is a perpetual contract futures platform that aims to unify spot and derivatives trading in a single on-chain environment.