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
$156.48M
-4.52%24h
Stablecoins
$172.89M
$121.4M bridged
DEX volume 24h
$6.00M
-29.51%
Perps open interest
$41.29M
$189.2M vol

Ecosystem well

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

Lending · $90.03M · 5 venuesOrder book · $50.66M · 2 venuesDEX · $15.80M · 13 venuesRWA · $73 · 1 venuesYield · $286.40k · 1 venuesBridge · $317.35k · 2 venuesLaunchpad · $156.75k · 1 venuesOther · $3.75k · 1 venuesTydroTydro · Lending · $90.02MShroomy Protocol Lending · Lending · $13.39kNadoNado Spot · Orderbook · $50.66MVelodromeVelodrome V3 · Dexs · $6.89MUniswapUniswap V3 · Dexs · $6.61MInkySwap · Dexs · $1.02MUniswap V4 · Dexs · $844.24kDyorSwap AMM · Dexs · $207.49kSquidSwap · Dexs · $89.59kVelodrome V2 · Dexs · $75.19kvfat.io · Yield · $286.40kLayerZero V2 · Bridge · $288.33kHyperlane · Bridge · $29.03kSentry · Launchpad · $156.75kNET TVL$156.5M

How the well sits

Quality of liquidity, not just size.

Top-3 concentration
94%

Tydro, Nado and Velodrome hold most of the well.

Lending share
57%
DEX turnover
3.8%

24h spot volume / TVL

OI / TVL
26%

Perps open interest versus DeFi TVL

Stables / TVL
110%
HHI
0.44

1.00 = monopoly. Lower is more distributed.

Curators such as Veda and Sentora Curator report $815.0M 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
3.1%
Tx today
1.3M
Addresses
10.5M
ETH
$2,396

Capital by asset

Inventory visible in Tydro markets and Velodrome pools.

Bitcoin$47.9M · 45%
KBTC $42.0M · SOLVBTC $5.8M
Ether$25.7M · 24%
WETH $24.5M · WEETH $1.2M
Stables$21.4M · 20%
USDC $14.4M · USDT0 $4.5M · USDG $943.0k · GHO $890.3k
RWA$11.1M · 10%
ACRED $11.1M · XAUT0 $11.8k

Stablecoin float

Minted on Ink versus bridged in.

$172.89M
Bridged in
$121.39M
Minted
$51.50M

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).

House chains

Ink is 2.9% of Base TVL and 1.84× Base perps open interest.

  • BaseCoinbase
    TVL
    $5.5B
    DEX 24h
    $1.0B
    Perps OI
    $22.4M
    Stables
    $4.9B
  • BSCBinance
    TVL
    $5.5B
    DEX 24h
    $1.2B
    Perps OI
    $3.9M
    Stables
    $13.8B
  • Robinhood
    TVL
    $931.2M
    DEX 24h
    $1.7B
    Perps OI
    $207.0M
    Stables
    $1.0B
  • X LayerOKX
    TVL
    $167.9M
    DEX 24h
    $30.8M
    Perps OI
    —
    Stables
    $1.7B
  • InkKraken
    TVL
    $156.5M
    DEX 24h
    $6.0M
    Perps OI
    $41.3M
    Stables
    $172.7M
  • MantleBybit
    TVL
    $98.3M
    DEX 24h
    $3.2M
    Perps OI
    $0
    Stables
    $568.7M

Superchain is a stack. House chains compete on the parent’s retail book. Open interest is DeFiLlama derivatives OI — blank when Llama has no feed.

Spot venues · 24h volume

$6.00M today · $30.27M 7d

  • Velodrome V3-18.55%$5.11M
  • Uniswap V3-69.69%$370.08k
  • Uniswap V4-69.59%$239.91k
  • Nado Spot+10.81%$239.23k
  • otomate.trade-53.49%$30.68k
  • Velodrome V2-69.06%$1.70k
  • Curve DEX+271.68%$643
  • SakuraSwap CLMM—$0

Pool depth and yield

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

  • KBTC
    tydro$41.67M0.03%lend—
  • WETH
    tydro$22.86M0.21%lend—
  • USDC
    tydro$13.89M3.59%lend—
  • ACRED
    apollo-diversified-credit-securitize-fund$11.10M0.41%lend—
  • SOLVBTC
    tydro$5.79M0.00%lend—
  • USDT0
    tydro$2.56M2.77%lend—
  • WETH-WEETH
    velodrome-v3$2.38M0.00%0.83%7.7%
  • USDT0-USDGIL
    velodrome-v3$1.06M1.51%1.85%15.8%
  • USDT0-USDCIL
    velodrome-v3$963.39k2.18%2.03%17.2%
  • USDT0-GHOIL
    velodrome-v3$908.15k1.76%2.15%18.0%
  • USDT0-WETHIL
    velodrome-v3$561.13k5.54%3.44%26.3%
  • SUSDE
    tydro$509.21k0.00%lend—
  • GHO
    tydro$436.27k1.77%lend—
  • USDG
    tydro$395.08k2.66%lend—
  • USDT0-KBTCIL
    velodrome-v3$356.89k13.4%5.31%35.9%
  • WETH-KBTCIL
    velodrome-v3$292.86k5.77%6.39%40.6%

Venues

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