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Katana(KAT)

Token Price$0.0051

24h Change-4.57%

All Time HighApr 24, 2026$0.029

All Time LowJun 6, 2026$0.0048

Key Metrics

Market Cap$11.83m

Fully Diluted Valuation$50.53m

Circ. Supply2.342b KAT

Max Supply10b KAT

Volume 24h$6.99m

CEX Volume$5.91m

DEX Volume$4.62m

Risks

How much debt can be issued against KAT as collateral across lending protocols.

Maximum possible exposure to KAT

$2,449

$251.85 (max additional borrows against KAT) + $2,197 (bad debt if KAT was hacked now)

Morpho V1

$2,449 at-risk exposure = $2,197 bad debt if hacked + $251.85 additional borrowable against KAT

Methodology and limitations

Showing collateral exposure for KAT on Katana. Max Borrowable uses the backend's liquidity-bounded borrow-capacity metric (`collateralMaxBorrowUsdLiquidity`) for the maximum additional USD debt that can be issued against the asset right now. Bad Debt at $0 is the minimum known bad debt if the collateral asset price goes to zero; null rows are excluded from this total rather than treated as zero, so totals may remain lower bounds.

These metrics describe lending exposure only and are not a full protocol risk rating.
This view does not include multisigs, timelocks, audits, oracle incidents, listing discussions, curator reports, or protocol backstops.
Chain-specific drilldown is exact only when the token resolves to a concrete chain:address.

Show exposure details

Each row is one protocol-chain exposure for KAT as collateral. Bad debt at $0 totals remain lower bounds when a row is marked partial.

Protocol	Chain
Morpho V1	Katana	KAT0x7f1f4b4b29f5058fa32cc7a97141b8d7e5abdc2d	$251.85	$2,197

Markets

Token Rights and Value Accrual

Updated May 15, 2026

Overview

Token(s): KATvKATavKAT
Token Type: Utility
Utility: Staking, Liquidity Incentives

The KAT token is the native coordination and incentive token for Katana Network. It powers emissions direction and value accrual but is not the gas token (ETH is used for gas). Holders earn fees from application economic activity by directing incentives to DeFi pools.

Governance Rights

Control

KAT is non-transferable for up to 9 months post-mint. Once the no-transfer period concludes, KAT holders can lock their tokens and receive vKAT or avKAT. vKAT holders direct emissions & incentives across core applications and earn a share of fees generated by those pools plus vote incentives. vaKAT holders auto-vote and auto-compound rewards.

Governance Decisions

N/A

KAT hs no role in governing chain upgrades. Katana Admin multisig operates Katana governance, initiating all technical upgrades, config changes and system-level proposals.

Treasury Decisions

N/A

Ecosystem & Community Treasury is managed by the Katana Foundation.

Revenue Decisions

N/A

No holder votes on revenue allocation beyond incentive direction. Chain-Owned Liquidity, funded by sequencer fees, is managed by the Katana Foundation.

Fee Switch

OFF

100% of net Katana sequencer fees are recycled into Chain-Owned Liquidity.

Resources

Multisig Addresseshttps://docs.katana.network/katana/core-concepts/governance/#tldr-two-multisigs-one-coordinated-system

Primary Value Accrual

Protocol Revenue Share

Value accrues to stakers who vote to direct emissions.

Equity Statement

There are no VC investors and there are no preferential unlocks ahead of users.

Economic Rights

Value Capture

KAT can be staked for vKAT or avKAT and vote to direct incentives across Katana DeFi.

Buybacks

N/A

Dividends

vKATavKAT

Stakers earn fees generated by the pools to which they vote to direct emissions.

Burns

N/A

No burn mechanism is currently active

Ownership

Fundraising: Unknown
Equity Revenue Capture: Unknown
Associated Entities: FoundationKatana Token DeployCo (BVI) Ltd.

Token Usage

An is required to view token usage.