Kona DeFi Crosses $2M TVL Milestone on Abstract Chain
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@KonaDeFi, the full-stack DeFi protocol on abstractchain formerly known as kittypunchxyz, has crossed $2 million in Total Value Locked (TVL) as of March 3, 2026.
The protocol attributes the milestone entirely to organic growth through community-centric products, explicitly noting the absence of market maker involvement in driving liquidity.
Context
@KonaDeFi operates as a comprehensive DeFi suite on abstractchain, offering trading, lending, volatility derivatives, and yield optimization products aimed at consumer audiences. The protocol sits at the intersection of DeFi and NFT markets, with recent activity including the launch of Waddle, a lending and borrowing product built around the pudgypenguins ecosystem that is approaching $1 million in $PENGU deposits.
The 2M TVL figure represents a notable benchmark for a protocol that has positioned itself around grassroots adoption rather than incentivized liquidity programs common in the DeFi space.
Watchers should monitor whether @KonaDeFi sustains this trajectory as its Waddle lending product continues to scale PENGU deposits.
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