of.ink
Live

Kraken L2 · 57073

The liquidity of Ink.

Net DeFi TVL, venue map, pool depth and yield — live from DeFiLlama and the Ink explorer. Wrappers such as Veda are shown aside so the well is not double-counted.

DeFiLlama Explorer
Net DeFi TVL
$160.41M
-1.93%24h
Stablecoins
$171.83M
$121.3M bridged
DEX volume 24h
$8.51M
+282.58%
Perps open interest
$38.06M
Nado

Ecosystem well

Ring is category share. Circles are venues, sized by TVL on Ink. Tap to inspect.

Lending · $90.87M · 5 venuesOrder book · $51.32M · 1 venuesDEX · $18.58M · 13 venuesRWA · $11.10M · 2 venuesYield · $351.98k · 1 venuesBridge · $343.05k · 2 venuesLaunchpad · $178.20k · 1 venuesOther · $3.66k · 1 venuesTydroTydro · Lending · $90.85MShroomy Protocol Lending · Lending · $13.39kNadoNado Spot · Orderbook · $51.32MVelodromeVelodrome V3 · Dexs · $11.10MUniswapUniswap V3 · Dexs · $5.12MInkySwap · Dexs · $1.12MUniswap V4 · Dexs · $759.38kDyorSwap AMM · Dexs · $235.65kSquidSwap · Dexs · $92.79kVelodrome V2 · Dexs · $78.32kApollo DiApollo Diversified Credit Securitize Fund · RWA · $11.10Mvfat.io · Yield · $351.98kLayerZero V2 · Bridge · $314.02kHyperlane · Bridge · $29.03kSentry · Launchpad · $178.20kNET TVL$160.4M

How the well sits

Quality of liquidity, not just size.

Top-3 concentration
89%

Tydro, Nado and Velodrome hold most of the well.

Lending share
53%
DEX turnover
5.3%

24h spot volume / TVL

OI / TVL
24%

Perps open interest versus DeFi TVL

Stables / TVL
107%
HHI
0.37

1.00 = monopoly. Lower is more distributed.

Curators such as Veda and Sentora Curator report $821.3M of strategies that route through Ink venues. That figure is not additive to net TVL.

Chain pulse

From the Ink explorer.

Block time
1s
Gas
0.01 gwei
Utilization
7.2%
Tx today
1.1M
Addresses
10.4M
ETH
$2,405

Capital by asset

Inventory visible in Tydro markets and Velodrome pools.

Bitcoin$52.0M · 47%
KBTC $44.2M · SOLVBTC $7.8M
Ether$26.3M · 24%
WETH $25.0M · WEETH $1.2M
Stables$21.6M · 19%
USDC $14.4M · USDT0 $4.6M · USDG $1.1M · GHO $928.8k
RWA$11.1M · 10%
ACRED $11.1M · XAUT0 $11.7k

Stablecoin float

Minted on Ink versus bridged in.

$171.83M
Bridged in
$121.30M
Minted
$50.53M

Most of the dollar float is bridged, not native-issued. Idle stables sit above protocol TVL — they are on Ink, not yet in the well.

TVL and stablecoin history

Net DeFi TVL (solid) versus circulating stables (dashed).

Spot venues · 24h volume

$8.51M today · $26.60M 7d

  • Velodrome V3+323.15%$6.00M
  • Uniswap V3+190.81%$1.23M
  • Uniswap V4+705.47%$843.29k
  • Nado Spot-21.44%$215.90k
  • otomate.trade+149.60%$39.41k
  • Velodrome V2+222.94%$5.38k
  • Curve DEX+442.86%$190
  • SakuraSwap CLMM—$0

House L2s

Parent exchange or brokerage behind each chain. Ink is 2.9% of Base · 4 of 5 by DeFi TVL.

Chainvs InkTVL
  • 1BaseCoinbase34.5×$5.5B
  • 2Robinhood5.8×$937.2M
  • 3X LayerOKX1.06×$169.6M
  • 4InkKraken—$160.4M
  • 5MantleBybit0.61×$97.9M

Superchain is a stack. House L2s compete on the parent’s retail book.

Pool depth and yield

Estimated impact assumes a 50/50 AMM. Lending markets show supply APY, not slippage.

  • KBTC
    tydro$41.92M0.03%lend—
  • WETH
    tydro$23.44M0.21%lend—
  • USDC
    tydro$13.83M3.59%lend—
  • ACRED
    apollo-diversified-credit-securitize-fund$11.11M1.26%lend—
  • SOLVBTC
    tydro$5.82M0.00%lend—
  • KBTC-SOLVBTC
    velodrome-v3$3.84M0.00%0.52%5.0%
  • USDT0
    tydro$2.51M2.79%lend—
  • WETH-WEETH
    velodrome-v3$2.43M0.00%0.82%7.6%
  • USDT0-USDGIL
    velodrome-v3$1.43M1.66%1.38%12.3%
  • USDT0-USDCIL
    velodrome-v3$1.01M2.25%1.95%16.6%
  • USDT0-GHOIL
    velodrome-v3$983.03k2.79%1.99%16.9%
  • SUSDE
    tydro$509.13k0.00%lend—
  • GHO
    tydro$437.28k1.77%lend—
  • USDG
    tydro$396.33k2.66%lend—
  • USDT0-KBTCIL
    velodrome-v3$329.15k23.7%5.73%37.8%
  • USDT0-WETHIL
    velodrome-v3$320.17k23.2%5.88%38.4%

Venues

Every protocol with Ink TVL, net of curator double-counts.