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Jared Grey
recovering "head chef" @sushiswap
building @sushi_labs
cheerleader @katana
Jared Grey kirjasi uudelleen
Katana Update:
@katana vault bridge deposits are nearing $500M, currently sitting at $460.5M with the distribution being as such:
-USDC $161.2M (654 times deposited)
-ETHFI $115.7M (743 times deposited)
-WETH $92.4M (354 times deposited)
-LOMBARD $47.1M (309 times deposited)
-WBTC $34.4M (140 times deposited)
-USDT $24.9M (134 times deposited)
To get this far in less than 3 months is no easy accomplishment, Katana has built a fine enough product and chose the correct place to settle to deserve everything it’s achieved so far. After seeing this, one can only expect it to keep doing exponentially better as it grows.
For more in-depth data:

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Jared Grey kirjasi uudelleen
This may be the single most bullish day of news for ETH ever
- Trump to sign Exec Order allowing crypto in 401ks
- Genius Act (stablecoin bill) passes House vote
- BlackRock files for ETH staking for its ETF
- SBET files to buy $5B more ETH
- ETH ETFs set inflow record with $727M
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Jared Grey kirjasi uudelleen
Katana is taking over 🚀
@katana TVL has already hit $240M with +$150M ready to be bridged over by @turtleclubhouse partner vaults soon!
That's $390M in total TVL 🔥
Let's compare this to other L1s/L2s & their marketcaps to see what Katana's marketcap could be 👇
(TVL on the left in brackets, marketcap on the right)
Scroll ($107M) -> $348M
Linea ($143M) -> tbd
Ton ($150M) -> $15B
Near ($165M) -> $3.3B
Cardano ($343M) -> $34B
Optimism ($425M) -> $2.9B
It's only been 3 weeks of Katana mainnet and we have already surpassed some of the biggest ecosystem's TVL! 🔥
So, what marketcap could Katana trade at? 👇
Looking at these marketcaps, every single one of them was trading at $1B+ FDV at one point in time with many of them still in the multiple billions...
If TVL keeps growing on Katana and we hit $500M or $1B TVL, then it's not unrealistic to assume Katana trades at a $2B-3B+ marketcap or even higher 🚀
Even if TVL stays similar, I still think Katana comes out at $1B+ 🔥
a $3B marketcap would be $0.3 per $KAT 👀
What does you think? Could we see Katana at a $3B+ marketcap? 🤔

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