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Kraken L2 Ink's total locked value surged nearly 3,800% in two weeks, thanks to the non-custodial lending protocol Tydro.
GateNewsBot
ChainCatcher news, recently launched by Kraken at the end of 2024, the Ethereum L2 blockchain Ink saw its total locked value (TVL) surge by nearly 3,800% in less than two weeks, jumping from about 6.42 million USD on October 15 to nearly 249 million USD. This surge is primarily attributed to the non-custodial lending protocol Tydro introduced by the Ink Foundation. According to the DeFi data platform DefiLlama, among the 30 existing protocols on Ink, over 97% of the TVL growth comes from Tydro, which officially launched on October 15 as a white-label version of the open-source protocol Aave, positioned as the native liquidity layer of Ink and closely integrated with Kraken.
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