This market centers on whether the total trading volume recorded in the Katana Perps Competition (Round 2) will surpass the $75 million threshold by the official close of the competition. Building directly on Season 1, which closed at approximately $64 million and fell short of its own $75 million target, Round 2 represents a renewed test of platform momentum — with the same threshold now serving as a baseline measure of whether Katana Perps can demonstrate consistent volume growth across successive competition rounds. Traders are evaluating platform growth momentum, participant base expansion, improved liquidity conditions, and broader DeFi derivatives activity to assess whether Round 2 can clear the benchmark that eluded Season 1.

1. Market Outcomes and Resolution Criteria: This market resolves to YES if the total trading volume of the Katana Perps Competition (Round 2), as officially recorded on the competition dashboard, strictly exceeds $75,000,000 USD by the official competition end time. It resolves to NO if the total trading volume is $75,000,000 USD or below at the official competition end time. It resolves to Tie if the competition is cancelled, the official dashboard is permanently unavailable, or no final volume figure is published within 24 hours of the official competition end time; in the event of a Tie resolution, all positions settle at $0.50 per share.

2. Definition of "Total Trading Volume Exceeds $75M": "Total trading volume exceeds $75,000,000" means the aggregate cumulative trading volume figure displayed on the official Katana Perps Competition (Round 2) dashboard at perps.katana.network/rewards/competition strictly exceeds $75,000,000 USD at the official competition close time, measured using the same volume methodology applied by the platform for this competition round.

3. Official Sources and Evidence: The primary source for resolution is the official Katana Perps Competition dashboard at https://perps.katana.network/rewards/competition, consistent with the resolution methodology applied in Season 1. Official Katana team announcements via their verified social media channels or blog may be used as secondary confirmation only and cannot override a clearly published dashboard figure.

4. Resolution Timing: The market resolves no sooner than 24 hours after the official competition end time, once the final volume figure is confirmed on the official dashboard. Resolution is processed as soon as reasonably practical after that minimum window has elapsed and the final figure is stable.

5. Handling Extensions and Cancellations: If the Katana Perps Competition (Round 2) is extended beyond its originally scheduled end date by the platform, resolution is deferred to the new official close time. If the competition is cancelled or the dashboard is permanently unavailable and no official final volume figure is published within 24 hours of the originally scheduled end time, the market resolves to Tie.

6. Ambiguities and Disputes: If conflicting volume figures are presented, the figure displayed on the official competition dashboard at perps.katana.network/rewards/competition takes precedence. In the event of a material discrepancy between the dashboard and an official Katana team announcement, the most recent official publication governs. Any edge case not addressed herein is resolved based on Katana's own official records and stated volume methodology for this specific competition round.