Katana logs $3.1 million in cumulative revenue just six months after launch…breaks into top 10 Layer 2 networks by TVL

Layer 2 (L2) blockchain Katana said on the 20th that it is expanding its footprint in the DeFi ecosystem after posting more than $3.1 million in cumulative revenue over roughly six months since launch.

According to Katana on-chain data, Vault Bridge—Katana’s core revenue driver—has generated more than $2.8 million in revenue over about six months since its release. The revenue does not leak outside the network; instead, it is recycled within Katana’s DeFi ecosystem and used to fund rewards for active on-chain users and to strengthen liquidity.

Katana’s cumulative total revenue, including Vault Bridge revenue, network fee revenue, and AUSD and CoL revenue, totaled $3.1 million in the second half of 2025. Over the same period, total value locked (TVL) in Katana’s DeFi ecosystem reached $388 million.

Network growth metrics are also clear. Katana currently ranks ninth among L2 chains by TVL, and as of December 2025 monthly active addresses reached 169,000. Decentralized exchange (DEX) trading volume came in at $1.2 billion in the fourth quarter of 2025, indicating a rapid expansion in DeFi activity.

Performance figures for major protocols within the Katana ecosystem were also disclosed. Cumulative lending volume via the lending protocol Morpho surpassed $151 million, while SushiSwap-based TVL was tallied at more than $100 million.

The company also stressed that these results are not driven by liquidity inflows reliant on short-term incentives, but are instead based on revenue generated from real on-chain activity. Katana said, "Rather than idle capital or liquidity chasing rewards alone, we are focused on a structure that generates real returns through inflows of productive assets, and the revenue generated in this process is channeled back into the DeFi ecosystem, supporting user and network growth at the same time."