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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.
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.