Kraken L2 · 57073
The liquidity of Ink.
Net DeFi TVL, idle float, Tydro utilization and house-chain ratios — live from DeFiLlama and the Ink explorer. Wrappers such as Veda are shown aside so the well is not double-counted.
Net DeFi TVL
$194.27M
Idle stables
$107.11M
DEX volume
$1.32M
Tydro utilization
49%
How the well sits
Quality of liquidity, not just size. Concentration and turnover before the headline TVL.
Top-3 concentration
94%
Tydro, Nado Spot, Uniswap hold most of the well.
Lending share
65%
Tydro is still the basin.
DEX turnover
0.7%
24h spot volume / TVL. 7d run-rate sits beside the spike.
Stables / TVL
83%
Float above one means dollars on Ink, not in protocols.
HHI
0.49
1.00 = monopoly. Lower is more distributed.
App fees 24h
$122.6k
Fee capture versus size of the well.
Curators such as Veda and Sentora Curator and Upshift and IPOR Fusion report $843.26M of strategies that route through Ink venues. That figure is not additive to net TVL.
Chain pulse
From the Ink explorer. Cumulative addresses stay in the footnote — they are not users.
Block time
1s
Gas
0.01 gwei
Utilization
3.7%
Tx today
469k
ETH
$2,283
Addresses
13.8M cum.
Stablecoin float
Minted on Ink versus bridged in. Idle stables sit above protocol TVL — they are on Ink, not yet in the well.
$160.79M
TVL and stablecoin history
The April 2026 KelpDAO / rsETH break is marked. Wrappers are excluded from the solid line.
Net DeFi TVL (solid) versus circulating stables (dashed).
House chains
Ranked by TVL. Unique addresses from growthepie — they don’t cover BSC or X Layer. Ink vs Base is the comparable.
Ink · Kraken
$194.27M
9.6k users 24h · turnover 0.7%
Base · Coinbase
$6.00B
254k users 24h · turnover 9.5%
3.2% of Base TVL · 3.8% of Base users · #4 of 6 on TVL · #3 of 4 on users · #5 of 6 on turnover
CoinbaseBase
$6.00B254k users
Turnover 9.5% · DEX $568.05M · stables/TVL 86%
BinanceBSC
$5.26Busers n/a
Turnover 10.9% · DEX $571.67M · stables/TVL 249%
Robinhood
$1.09B192k users
Turnover 34.3% · DEX $371.99M · stables/TVL 94%
KrakenInk
$194.27M9.6k users
Turnover 0.7% · DEX $1.32M · stables/TVL 83%
OKXX Layer
$161.95Musers n/a
Turnover 17.4% · DEX $28.22M · stables/TVL 847%
BybitMantle
$115.83M950 users
Turnover 0.5% · DEX $577.0k · stables/TVL 470%
Spot venues
$1.32M today · $20.67M 7d. 24h spikes are not a run-rate.
- Aero Slipstream+39.9%$927.4k
- Nado Spot-38.6%$366.0k
- Uniswap V4+25.1%$274.9k
- Uniswap V3+42.9%$84.6k
- Velodrome V3+45.8%$80.2k
- otomate.trade+316.7%$4.30k
- Calamari+36.0%$1.55k
- Velodrome V2-37.4%$342.00
Pool depth and yield
Sorted by depth by default. Thin books with high APY are not opportunity. Lending shows supply APY, not slippage. No toy AMM impact.
| Pool | Venue | TVL | APY |
|---|---|---|---|
| KBTClend | tydro | $84.10M | 0.00% |
| USDClend | tydro | $18.78M | 4.13% |
| ACREDlend | apollo-diversified-credit-securitize-fund | $11.10M | 3.80% |
| WETHlend | tydro | $10.51M | 0.05% |
| SOLVBTClend | tydro | $5.98M | 0.00% |
| SYRUPUSDTlend | tydro | $5.45M | 0.00% |
| WETH-WEETH | velodrome-v3 | $2.28M | 0.00% |
| USDGlend | tydro | $900.6k | 1.66% |
| USDT0lend | tydro | $782.6k | 5.97% |
| USDT0-SYRUPUSDT | velodrome-v3 | $248.1k | 0.00% |
| USDT0-GHO | velodrome-v3 | $226.7k | 0.00% |
| GHOlend | tydro | $216.0k | 0.37% |