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 has seen its total locked value (TVL) surge nearly 3,800% in less than two weeks, jumping from about $6.42 million on October 15 to nearly $249 million. This explosion is mainly 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 Aave open-source protocol, positioned as Ink's native liquidity layer and closely integrated with Kraken.