. @inkonchain INSIGHT
Ink’s onchain activity continues to be dominated by derivatives.
• Perps volume: ~$303M / 24h
• Spot DEX volume: ~$1.7M / 24h
• Perps volume is roughly 180x spot volume
The gap highlights the current importance of Nado’s orderbook within Ink’s trading activity.
Liquidity
TVL remains around $213–215M, with Tydro accounting for approximately $143M.
Stablecoin supply stands near $162M, slightly lower week-over-week, while core liquidity remains relatively stable.
Network activity
• Daily active addresses: ~15K
• Daily transactions: ~700K–780K
The relatively small active-address base alongside high transaction activity indicates a high level of transaction density per active address.
Ecosystem
@Uniswap is now fully live on Ink, while Nado has also begun revealing its Templars NFT collection.
For now, Ink’s onchain profile remains notably different from many L2s: derivatives activity represents a much larger share of activity than spot trading.
Key takeaway: Ink’s current onchain activity is being driven primarily by derivatives and Nado, rather than spot DEX activity.