TREE NEWS reports: Kraken’s Ink network, live since Dec. 18, 2024 and built on OP Stack, holds about $211 million in DeFi total value locked and $173 million in stablecoin market cap, with lending protocol Tydro at $141 million and perpetuals DEX Nado at $54.37 million. Kraken listed wrapped HYPE token kHYPE on Ink and plans a Hyperliquid-based perpetuals market for US users. Ink’s active RWA assets total roughly $22.29 million, led by tokenized credit fund ACRED at $11.1 million.
Kraken’s Ink Chain Tops $211M in DeFi TVL as Ecosystem Expands
AI take
Ink's composition is the story: a single lending protocol and one perp DEX account for nearly all of its DeFi value, so the chain's headline TVL rests on a narrow base rather than broad activity. The RWA figure, though small, is the more distinctive signal, since ACRED shows Kraken routing tokenized credit through its own venue rather than relying purely on trading demand. Whether that RWA share deepens or the lending concentration persists is the open question worth watching.
Generated by AI for reference only.
Share on WeChat
Open WeChat → Scan → then tap "…" to send to a chat or Moments.
Tap "…" in the top-right corner to send to a chat or share to Moments.
Related News
3h ago
Binance to Restore Phase One Withdrawals on Nov 1, 2026
6h ago
Binance Says It Has Recovered 90% of Stolen Assets
6h ago
Trump Says He Is Looking Into Binance, Not Concerned About It
9h ago
FBI: North Korea Behind Over $6B Binance Hack
11h ago
Name.com says 15 customer domains hijacked, all now restored; 10 linked to Vercel
12h ago
Jupiter Lend USDC Withdrawal Liquidity Rebounds to $27.9M