Great job by Blockworks on @katana, an L2 incubated by @0xPolygon. Here are three highlights in plain English if you don't speak DeFi: 1) 95%+ of the total money locked (TVL) on Katana is "productive TVL," meaning it's actively used in DeFi protocols. ----> That’s a sign that the chain is healthy and sustainable, since most assets aren’t just sitting idle; some other chains juice there TVL to feign strength. 2) Katana reinvests sequencer revenue (money from gas fees) as liquidity. ---> This is to keeps borrowing costs stable and trades smooth. 3) Katana has a bunch of DeFi apps, and apps like Morpho, Yearn, and Sushi are growing fastest on Katana. ----> Morpho on Katana has $260M supplied and $130M borrowed. ----> Sushi DEX did over $400M in August, led by ETH-USD trades. ----> Yearn vaults hold $250M directly and another $90M through Morpho, driving higher yields and deeper liquidity. I'm a fan of Katana personally and have some money in vaults, with the intent to keep...
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