Ink, an Ethereum Layer 2 network developed by centralized exchange Kraken, has crossed $500 million in total value locked (TVL), marking a sharp acceleration in on-chain activity after nearly a year of relatively flat growth.
According to DefiLlama data, Ink’s TVL stood at nearly $503 million on Tuesday, Jan. 6, up about 3% over the past 24 hours. The move places Ink among the larger emerging blockchains by TVL, following a steep climb that began in October 2025.
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