ink24

what's ink?

Ink is a Layer 2 blockchain developed by Kraken and integrated into the Optimism Superchain, designed to simplify and accelerate DeFi experiences by providing a unified ecosystem for onchain interactions. Its core value proposition lies in reducing barriers to entry for DeFi users and builders through seamless cross-chain functionality, low-cost transactions, and rapid confirmations without compromising security. Key technical innovations include permissionless fault proofs for trustless verification, support for USDC via Circle's CCTP V2 for efficient stablecoin flows, and the introduction of kBTC—a fully backed, onchain Bitcoin representation secured by Kraken. Ink targets DeFi applications, enabling real-time data feeds from oracles like Seda Protocol and fostering an environment for high-efficiency user operations, as evidenced by its leading position in cost per L2 user operation among top chains. As part of the Superchain, Ink benefits from shared liquidity and interoperability, with notable partnerships including Optimism for retro funding, Infinex for cross-chain swapping, and Acurast for potential airdrops to INK holders, positioning it as a competitive, Kraken-backed hub for decentralized finance innovation.

Snapshot

ink saw 1,000 Pokémon phygital packs sell out in 60s, with 750+ burned for claims.

15H ago
MARKET ACTIVITYOfficial

Sold out 1,000 Pokémon phygital packs in 60 seconds on the platform.

ONCHAIN METRICSOfficial

Over 750 Pokémon packs have been burned for free pack claims.

5D ago
VISIBILITY EVENT

Launches Ink Points program on Kraken exchange on 2026-04-13.

FINANCIAL EVENT

Awarded an Echo Grant to growthepie_eth.

6D ago
VISIBILITY EVENT

Participated in an in-person meeting with major DeFi protocols including Aave, Spark, Fluid, Euler, Gearbox, Wildcat, Liquity, Curve, and Compound during the week of March 31, 2026.

VISIBILITY EVENT

Listed on L2BEAT's Interop page on April 7, 2026, which tracks cross-chain value flows and ecosystem connections.

1W ago
ONCHAIN METRICS

Generated $2.5M in combined chain fees to date post-mainnet across five newly launched blockchains including ink.

ONCHAIN METRICS

Contributed to nearly $3B in combined TVL across five newly launched blockchains including ink.

ONCHAIN METRICS

Experienced the fastest asset holder growth on a relative basis over a 30-day period among Circle deployments, alongside Hyperliquid, Starknet, and Solana.

MARKET ACTIVITY

Added to bridgedgg with 0% fees alongside 10 other chains.

ONCHAIN METRICS

Has 121 state roots contested in dispute resolution between Optimism, Base, ink, and Unichain combined.

ONCHAIN METRICSOfficial

crossed 3,000 Badge Creator NFTs minted on ink within one month

ONCHAIN METRICSOfficial

reached over 1,000 collections created on ink

MARKET ACTIVITY

Re protocol expanded to Ink among other chains including Ethereum, Avalanche, Arbitrum, and Base.

1M ago
ONCHAIN METRICS

Reached $198.6M in USDC market cap on the chain, representing a 74.2% increase over the past month.

ONCHAIN METRICSOfficial

Recorded higher inflows than Solana over three months ending March 2026. Attracted $62.8M DeFi inflows over 7 days ending March 5, ranking 6th overall and in top 5 for stablecoin inflow; TVL increased 15.1% week-over-week as of March 9.

ONCHAIN METRICS

Has 300+ active markets utilizing Chaos Oracles services as of February 2026.

TECH EVENT

Enabled bridging support for DUSD, DETH, and DBIT Machine Tokens to the ink chain.

TECH EVENT

Integrated with Circle's CCTP and Bridge Kit crosschain forwarding service for automated USDC transfers.

PARTNERSHIP

Solv Protocol expanded to ink through its liquidity protocol Tydro, enabling borrowing of various assets using SolvBTC as collateral in Tydro's Aave-powered markets.

VISIBILITY EVENTOfficial

Won xStocks hackathon at EthCC on March 30, 2026, with a prime brokerage application for onchain equities; Spreads Finance placed second with a product suite built on ink for STRC tokenized stock.

ONCHAIN METRICS

Reached over 700,000 active addresses within two months of operation.

ONCHAIN METRICS

Holds 3,443 BTC on the network.

PARTNERSHIP

Integrated with CoW Protocol to enable swaps through Tydro.

ONCHAIN METRICS

Reached 924,783 CUBEs minted on the chain with 47,019 unique wallets and over 70 activations through Layer3.

PARTNERSHIP

CoW Swap launched on ink, enabling gasless trading on the network.

2M ago
VISIBILITY EVENT

Operates as Kraken's OP Stack L2 with 13 million users. Functions as an exchange-integrated DeFi deployment on Superchain with Base and World Chain, categorized under "CEX without KYC" for institutional DeFi.

ONCHAIN METRICS

Achieved 4.75 million mints during OpenSea launch.

ONCHAIN METRICS

Had 30,000 active addresses last week, with 13.3% of those addresses also active on other chains.

PARTNERSHIP

Partnered with BlastRunnersPVP for cross-promotion of BOINK NFTs ecosystem hub and community engagement activities.

TECH EVENT

Launches BOINK NFTs 1,111 Genesis NFTs with revenue sharing on February 10, 2026.

PARTNERSHIP

integrated Chainlink standard as part of 20 integrations across 12 chains this week

ONCHAIN METRICS

Reached 500,000 users during OpenSea launch.

PARTNERSHIP

OpenSea integrated support for Ink Chain on January 30, 2026.

PARTNERSHIP

Integrated with 0x Protocol to enable cross-chain swaps and liquidity aggregation support.

FINANCIAL EVENT

Co-hosted ETHDenver side event with Kraken and Espresso Systems on February 18, 2026, offering early-stage investment funding for protocol founders.

RISK ALERT

experienced a chain outage or halt

3M ago
FINANCIAL EVENT

Raised $42.5M in funding.

TOKEN ECONOMICS

Counts as one of two protocols for INK airdrop; launches token July-August 2026 with airdrop scheduled for Kraken IPO. Listed CryptoRank top 10 TGE projects for 2026.

TOKEN ECONOMICS

Optimism Foundation proposed a token buyback program directing 50% of incoming sequencer revenue to purchase OP tokens monthly for one year, with buybacks scheduled to begin in February 2026 if approved by governance vote on January 22, 2026.

ONCHAIN METRICS

Optimism collected 5,868 ETH in sequencer revenue over the twelve months preceding January 2026.

VISIBILITY EVENT

Listed among protocols in a yield farming vault strategy operated by spreads_fi, which claims 2.54x yield leverage at 21% APR and 1.65x airdrop leverage with boosted points.

ONCHAIN METRICS

Active addresses grew by 2103% over the one-year period ending in 2025.

ONCHAIN METRICS

Reached all-time high daily app revenue of 59.42 ETH ($182.15k) on December 16, 2025, marking the first time daily app revenue exceeded 50 ETH.

RLUSD stablecoin is currently testing on the network with official launch planned for 2026, pending New York regulatory approval.

Velodrome Slipstream offers LP rewards on three pairs: WETH-VELO at ~515% APY, kBTC-USDG at ~360% APY, and USDC-WETH at ~261% APY.

Ripple's $1.3B RLUSD stablecoin expands to the chain using Wormhole's NTT standard, becoming the first U.S.-based trust-regulated stablecoin on the platform and creating liquidity pairs with wrapped XRP.

Stablecoin supply reaches new all-time high of $172.43M, representing a 33% increase over the past 3 days.

4M ago

NadoHQ, the flagship DEX on ink L2 chain, records $19.7M TVL, $500M daily trading volume, $100K daily fees, and 1,300 users in Private Alpha; built by Kraken's core engineering team.

Tydro's onchain lending and borrowing system operates on Aave's infrastructure as a whitelabeled instance, managing its own assets and risk parameters.

Apollo Global's ACRED tokenized fund on ink chain reaches $10.7M market cap following a mint in late November, with tokenization provided by Securitize.

Launches Ink Pass for minting, integrates with kBTC network, and platforms first ERC-8004 verified onchain identity.

Official

Deployed Nado (a DEX) and Tydro (a lending protocol). Integrated Gelato Network's Turbo Relayer for gasless transactions and lower gas overhead. Processed 250M transactions, including $1B volume on Nado perps and $450M supplied on Tydro, with 880K+ daily transactions and $89M TVS.

USDG market cap grew 10x in the past two months, over 100% since the start of 2026.

nadoHQ became official perpetual DEX, entered private alpha; total stablecoin supply exceeds $150M. Added TradFi listings: WTI, JPYUSD, EURUSD.

USDG stablecoin supply exceeds $1 billion, up 30x since the start of the year, with deployment confirmed on ink chain, Solana, Ethereum, and XLayer.

Velodrome Slipstream pools display yields of ~490% for USDT0-WETH, ~435% for kBTC-USDG, and ~212% for WETH-kBTC.

Supply caps for wrsETH on the Tydro market reach maximum capacity, with cap increases planned soon.

Native rsETH minting and bridging launches on ink chain with integrations on Tydro and Velodrome.

Rails perpetuals trading platform goes live on Inkchain, offering centralized matching speed with audited smart contracts and backing from Kraken, CMCC Global, Slow, R13, and Quantstamp.

A phishing attack targets users through Dinero's Discord on Ink, where the verification process redirects to a malicious Guild.xyz copycat that executes unauthorized approve transactions to steal funds.

The launchpad opens for public access enabling anyone to deploy smart contracts on IINK. The platform commits 3,000 tez to collect art minted on IINK this month with featured drops from multiple artists.

Launched CLOB DEX nadoHQ on ink L2 and released CLI and MCP Server for agent trading; acquired by Kraken and secured $20M funding from Kraken and CMCC. Runs 4x points multiplier promotion March 23-29, 2026, distributing 40.5% of token supply, with average point value at $9.43.

On November 18th, the INK points farming system on Tydro removed looping rewards and now only awards points for supplying assets, with USDC offering the highest rate at 0.35 points per $1000 daily. The 13-week farming program runs from October 15, 2025 to January 14, 2026.

Nado alpha users receive automatic ETH airdrops upon wallet connection to cover gas costs for bridging funds to the chain.

USDT on chain ranks as Tether's fastest growing product based on 30-day market cap growth percentage.

weETH goes live on Tydro, a lending market, enabling bridging, looping, and collateralization functionality.

Identified as one of the two fastest growing stablecoins based on 30-day market cap growth.

Vertex token holders can now verify their allocation for an INK airdrop worth 1% of total supply, related to a previous acquisition announced in July.

weETH goes live on chain, bringing high-yield wrapped ETH and institutional-grade liquidity to the ecosystem.

New CLOB DEX nadoHQ from former Kraken team deploys on chain, offering unified margin trading across spot, margin, and perpetuals.

Ranks 5th in TOP 5 chains by 3-month net inflows, following Arbitrum, Starknet, edgeX_exchange, and WorldChain.

Stablecoin supply reaches new all-time high of $142.4 million, up from previous ATH of $135.5 million with 60% growth over 30 days.

Team member leaves positions at Kraken and ink chain about a month ago, moves to new startup Colossus Pay.

5M ago

Hyperlane integrates Circle CCTP V2 to rebalance USDC liquidity across supported chains including ink.

Kraken lists $DAG by Constellation, now deployed on ink chain, with trading beginning Nov 11 and deposits already open.

Rails, a hybrid perpetual trading platform, builds on ink chain with centralized order execution and on-chain custody through zero-knowledge proofs.

On-chain stablecoin supply hits all-time high at $134.9M with 14% increase in 24 hours and 127% growth over 30 days.

Daily transaction count increases by approximately 800% since the start of the year. Hyperlane expands zero-slippage USDC bridging support to include the chain.

Six liquidity pools on Velodrome Slipstream now provide LP rewards, with the USDT0-USDG pair offering 3,619% APY and WETH-USDG offering 1,053% APY.

Lido, the leading liquid staking protocol with $28B+ TVL, expands wstETH to ink chain using Chainlink CCIP infrastructure as part of early multi-chain deployment.

Ink contributes to the Superchain achieving 19K+ TPS across Ethereum's L2s, with the majority powered by the OP Stack.

Tydro hits ATH with Aave-powered infrastructure. Lending and borrowing live with The Deep integration offering airdrop eligibility and incentives across four score buckets.

Ranks as top TVL gainer among chains with over $200M TVL, up more than 20% this week.

Tydro offers ink points rewards for lending stablecoins, with farming currently active.

TVL surges nearly 4,000% in less than two weeks, attributed to the Tydro DeFi protocol.

Tydro on INK runs a points program via Merkl supporting BTC, ETH, and USDC with CCTP integration.

TVL grows to $239.2M by October 20, with stablecoins representing $100.32M on the network.

Tydro, a lending protocol, operates on the platform and is highlighted as a worthy mention among new projects halfway through October.

Records 15.3 TPS, ranking 5th in the Ethereum ecosystem behind Base, Soneium, Ethereum mainnet, and Optimism.

Tydro protocol records $124M in deposits within first 24 hours of launch.

Tydro lending and borrowing protocol is now live with INK token governance and integration into Kraken products.

Velodrome Slipstream LP rewards on the network show WETH-USDG pair at approximately 1,189% APR, kBTC-USDG at approximately 304% APR, and USDT0-USDG at approximately 16% APR.

Tydro, a native lending protocol powered by Aave, is now live on Ink Chain.

Tydro, a white-label instance of Aave v3, launches on the network and supports the INK token, establishing a DeFi layer with Chaos Price Oracles as the exclusive price feed provider.

GHO stablecoin launches on the network with liquidity pools on Velodrome DEX eligible for VELO emissions in GHO-USDT and GHO-USDC pairs.

USDC deposits and withdrawals are now available on the network, expanding stablecoin support with geographic restrictions applying.

6M ago

INK holders are eligible for sproutlyrwa NFTree airdrop, requiring Discord participation, Matrica verification, and wallet submission on alphabot.

Gasless refuel feature launches on the network, allowing users to swap tokens for gas without requiring gas upfront.

Gelato delivered the custom Superchain infrastructure including the sequencer enabling sub-second blocks, gasless UX, and low-latency access.