The velocity of deposits to @katana has increased with over $135M deposited. But the TVL this represents isn't the important part. It is the split of assets:

💵 over 50% in stablecoins

Ξ over 25% in ETH

₿ less than 25% in BTC

This split is consistent with the value that each of the assets drives in a DeFi ecosystem.

I suspect that at some point a significant amount of BTC will be deposited that throws off this mix but I expect it to be temporary and show interest that attracts even more stablecoins.