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Blot Links Trading Volume to Points Ahead of Potential INK Airdrop Blot, a leveraged token protocol from the KittyPunchXYZ team, launched its platform on the Ink Layer 2 network in February 2026. The protocol, which facilitates perpetuals and margin trading through ERC-20 tokens without typical liquidation risk, aims to attract users by linking platform activity to a points system. The team behind Blot has previously facilitated over $300 million in trading volume on other chains, lending experience to the new venture. While Blot's own token, $BLOT, is already live, the primary incentive for early participants is speculative positioning for a potential airdrop of the Ink network's unreleased token, $INK. Users earn 100 Drip points and an unspecified number of Nado points for every $1,000 in trading volume. This mechanism directly incentivizes on-chain activity on Ink, which is a common prerequisite for retroactive airdrops from Layer 2 networks. Users Farm Points Through Trading and Liquidity Pools Airdrop farmers can accumulate points through several on-chain actions. The primary method involves trading perpetuals or spot assets with margin on the Blot platform. Additionally, users can execute basis trades and pair trades, which also generate Drip and Nado points alongside potential funding yield. These activities require bridging assets like ETH or USDT0 to the Ink network and paying gas fees for transactions. Beyond trading, Blot offers liquidity farming through its BlotSwap decentralized exchange. Users can provide liquidity to the ETH-USDT0 and BLOT-WETH pools to earn Drip points over time. For participants seeking deeper integration, earned Drip points can be burned alongside $BLOT tokens to mint $VOID, a token that captures a share of the protocol's fee revenue. This creates a multi-layered system where users can choose between purely farming points or engaging with the protocol's tokenomics. $INK Airdrop Remains Unconfirmed Despite Ecosystem Incentives It is critical for participants to understand that neither Blot nor Ink has officially confirmed an airdrop. The current points program is a speculative play based on established patterns in the DeFi space, where early ecosystem participation is often rewarded. The activity on Blot serves as a method to generate a transaction history on the Ink blockchain before it launches a native token. While users can earn rewards without holding $BLOT, the token is required to mint $VOID for fee-sharing. The $BLOT token also has a direct relationship with the $FROTH token on Ethereum mainnet, which can be burned to mint $BLOT on Ink. This complex incentive structure provides multiple avenues for engagement but ultimately centers on the unconfirmed, high-potential reward of a future $INK airdrop.
Nado Confirms $INK Token Airdrop for Private Alpha Testers Nado, a decentralized exchange developed by the Kraken team, has officially confirmed that points earned in its private alpha will be convertible to $INK tokens. While the exchange has not yet announced the exact conversion rate or distribution mechanics, this announcement solidifies a direct path for early users to gain an allocation in the upcoming token generation event (TGE). The rewards system is designed to incentivize trading and feedback during the platform's early stages. Kraken-Backed DEX Unifies Spot and Perpetual Trading on Ink Nado operates as a central-limit orderbook (CLOB) exchange built on the Ink blockchain. The platform integrates both spot and perpetuals trading under a single, unified margin system. This structure allows traders to dynamically manage collateral across multiple positions from one interface, aiming to deliver a more capital-efficient trading experience. The choice of the Ink blockchain provides the infrastructure for Nado's orderbook-based execution model. Participation Hinges on Waitlist Approval and Trading Activity Access to the Nado platform and its points program is currently exclusive to participants approved from a waitlist. Prospective users must submit an EVM wallet address, email, and social media details to apply, with the team prioritizing traders who can provide valuable feedback. Once approved, users earn Nado Points by depositing assets and actively trading. The platform indexes all on-chain activity, including spot trades and the management of perpetual positions, to allocate points to users in real-time.
Tydro Protocol Launches, Unlocking 13-Week INK Airdrop Kraken, the cryptocurrency exchange, has launched Ink Chain, a Layer 2 network built with OP Stack technology to function within the Optimism Superchain. To incentivize adoption, the project has confirmed an airdrop for its native INK token, distributed through Tydro, a new lending protocol. Tydro, a custom-built version of Aave v3, is now live on the Ink network and integrated into Kraken's product suite. The airdrop campaign is structured as a 13-week program running from October 15, 2025, to January 14, 2026. Participants can earn points towards the INK token distribution by supplying assets to the Tydro protocol. At launch, supported assets include USDT0, USDG, wETH, kBTC, and GHO. The system is designed with sybil resistance mechanisms to promote a fair token distribution. Airdrop Rules Shift, Halting Rewards for Stablecoin Borrowers The Tydro team has adjusted its points system, creating a significant strategic shift for participants. While supplying stablecoins continues to earn points, positions that borrow assets against stablecoin collateral will no longer receive supply-side rewards. Users with existing borrow positions against stablecoins must adjust their strategies to continue accumulating points effectively. Beyond the confirmed Tydro campaign, other on-chain activities may influence future rewards. Interacting with Ink Chain applications such as SquidSwap and Velodrome, registering a .ink domain via ZNS, or minting the Ink Pass NFT could position users for a potential airdrop. The Ink Pass NFT also grants holders benefits like zero platform fees and priority for future minting events.
Executive Summary Everdawn Labs, in collaboration with Tether and powered by LayerZero, has launched cross-chain versions of USDT and XAUT, branded USDT0 and XAUT0, on the Solana blockchain. This initiative unifies stablecoin liquidity and introduces gold-backed assets, enhancing Solana's position in decentralized finance. The Event in Detail USDT0 and XAUT0 represent cross-chain bridged versions of Tether's USDT stablecoin and Tether Gold (XAUT), respectively. These tokens, managed and operated by Everdawn Labs, are now live on Solana through LayerZero's interoperability technology. While native USDT has been available on Solana for several years, USDT0 is designed to significantly expand its liquidity reach. Lorenzo R., co-founder of USDT0, stated that "Existing USDT on Solana can only circulate within the Solana ecosystem. With USDT0, Solana is directly linked to more than $175 billion in native USDT liquidity across Ethereum, Tron, TON, and other major chains, with no wrapped assets, no external bridges, faster settlement, and lower fees." This marks the first expansion of Tether Gold (XAUT) to the Solana ecosystem via XAUT0. The underlying technology, termed "Legacy Mesh" by Everdawn Labs, leverages LayerZero's protocol, focusing on stablecoin-specific interoperability. This infrastructure supports auditable liquidity pools and avoids wrapped or synthetic tokens, with each transaction on Legacy Mesh fully backed by real assets. Transfers incur a 0.03% fee, paid in USDT. Currently, the circulating supply of USDT0 is approximately 7.5 billion tokens, and XAUT0 stands at around 7,355 tokens, according to CoinGecko. For comparison, the native USDT circulating supply exceeds 180 billion, and XAUT totals 375,572. USDT0 is also live on other networks including Plasma, Polygon, Arbitrum, Berachain, Ethereum, Ink, Flare, Optimism, Hyperliquid's HyperEVM, SEI, and Rootstock, while XAUT0 is available on TON, HyperEVM, and Polygon. Market Implications The integration of USDT0 and XAUT0 into the Solana ecosystem is anticipated to have several market implications. It increases the velocity and interoperability of USDT tokens across the third-largest native Tether ecosystem. This allows users and developers to move USDT funds into Solana in a permissionless manner with reduced fees. The introduction of XAUT0 enhances Solana's role as a hub for real-world asset (RWA) tokenization, providing programmable and composable utility for gold. Lorenzo R. emphasized that "The combination of omnichain dollars and gold-backed value gives developers and institutions a foundation to build the next generation of applications, ranging from global remittances and corporate treasuries to programmable lending and asset-backed innovation." This development aims to streamline access to unified liquidity and gold-backed stability for decentralized applications, payments, and institutional finance within Solana's fast and low-cost environment. Expert Commentary Tamar Menteshashvili, Head of Stablecoins at the Solana Foundation, commented on the significance of this launch: "Solana is at the forefront of onchain finance, and the launch of Legacy Mesh takes that momentum even further. By connecting USDT on Solana with the broader Tether network, Legacy Mesh delivers the fastest and most cost-efficient access for USDT holders to the diverse Solana ecosystem—spanning DeFi, payments, and institutional-grade finance. This launch strengthens both the Solana and Tether ecosystems." Menteshashvili added that XAUT0 introduces similar utility for gold on Solana, making it a powerful asset for collateral, hedging, and onchain treasury management. Broader Context Solana's stablecoin supply experienced significant growth in the first quarter of 2025, with the total USD value of stablecoins on the network more than doubling from $5.2 billion in January to $11.7 billion in February. During this period, Solana averaged over 200 million on-chain stablecoin transactions per month. This expansion positions Solana as the third-largest in stablecoin liquidity among public blockchain networks, trailing Ethereum and Tron. Since its launch, USDT0 products have surpassed $25 billion in bridge volume across more than 320,000 transfers, supporting nine chain pathways. This positions USDT0 as the most active omnichain token within the LayerZero ecosystem. The strategic integration of these omnichain tokens on Solana is part of a broader trend toward enhancing cross-chain interoperability and liquidity for stablecoins and real-world assets across the digital asset landscape. This move eliminates the friction associated with wrapped tokens and third-party bridges, offering a more direct and efficient means of value transfer and utilization across various blockchain networks.
Ink (INK) current price is $NaN.000000, down 0% today.
Ink (INK) daily trading volume is $NaN
Ink (INK) current market cap is $NaN
Ink (INK) current circulating supply is 463.9M
Ink (INK) fully diluted market cap (FDV) is $NaN