In a ChainCatcher report published November 12, 2026, at 11:48 UTC+8, L2 network Katana said it had completed three acquisitions: the Sushi deployment on Katana, now Katana Swap; IDEX, now Katana Perps; and Vault Bridge, described as providing native yield generation.
Katana also outlined changes to KAT token economics. It said vKAT and its voting mechanism would be phased out, while holders could participate in revenue by staking into avKAT. Starting November 17, Katana planned to direct a portion of fees from Swap, Perps, Vault Bridge and the sequencer to avKAT. It also said programmatic buybacks would follow and that the unstaking cooldown would fall from 45 days to 7 days.
For valuation, the distinction is between fees generated by these services and the portion allocated to avKAT. The report does not specify that portion, fee amounts or a buyback schedule, so it does not establish a measurable level of value accruing to holders. The November 17 fee allocation and later buybacks were plans as reported on November 12, not confirmed outcomes.