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Crypto News > Blog > News > Blockchain > Kraken Exchange’s Layer 2 Blockchain, “Ink,” Has Officially Launched – Crypto
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Kraken Exchange’s Layer 2 Blockchain, “Ink,” Has Officially Launched – Crypto

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Last updated: 2024/12/18 at 10:05 PM
Crypto Published December 18, 2024
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Kraken Exchange’s Layer 2 Blockchain, “Ink,” Has Officially Launched
 – Crypto
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Kraken joins the L2 race with InkRelatedCrypto Keynote USA

During this Wednesday, the official launch of the L2 Blockchain “Ink” was announced on X. It should be noted that the “Ink” Blockchain is a network developed by the Kraken exchange and is built on the Superchain Optimism, driving the development of DeFi in a faster, more accessible way and supported by important security protocols.

We’re excited to announce Ink is live on mainnet!

Months ahead of schedule, we’re officially launching as part of the Optimism Superchain. This is just the beginning of our journey to bridge the gap between users and builders in DeFi.

Let’s ink the future together ✍️ pic.twitter.com/WmOKNiMO06

— ink (@inkonchain) December 18, 2024

«Months ahead of schedule, we officially launched as part of the Optimism Superchain. “This is just the beginning of our journey to bridge the gap between users and developers in DeFi.” He voiced Ink in X.

Additionally, according to today’s announcement, Kraken accelerated the launch of Ink due to millions of transactions and user adoption, highlighting strong demand. It is important to note that, previously, the Kraken exchange had reported that Ink would launch during 2025.

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“Demand from developers and support from our community pushed us to move faster. After hundreds of millions of transactions on the testnet and thousands of connected wallets, it’s clear: the world is ready for a DeFi renaissance, and Ink is here to lead the change. Ink said.

Likewise, Kraken developed Ink as an L2 on the Optimism Superchain, whose representatives also publicly commented on the launch and its significant growth. For reference, Kraken noted that Ink quickly grew to over 100,000 users after its first announcement, and its testnet also saw significant levels of activity and advertising.

“Ink’s accelerated mainnet launch is a testament to the strength of the team, the resources dedicated to its success, and the developer community’s enormous enthusiasm for the launch.” noted Ryan Wyatt, chief growth officer at Optimism Unlimited.

Kraken joins the L2 race with Ink

Likewise, according to the exchange, Ink plans to focus on decentralization and interoperability as it advances the evolution of the DeFi ecosystem.

«As part of the Superchain, Ink will participate in Optimism. Additionally, we look forward to working together to attract developers and users to Ink as we take Ethereum to scale.” Ryan Wyatt expressed.

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However, Kraken has suffered some setbacks in the last month, with an $8 million fine in Australia and a closed NFT marketplace. Additionally, in October, Kraken announced that it was “restructuring,” a move that included layoffs, streamlining management, and the hiring of co-CEO Arjun Sethi.

On the other hand, Optimism also experienced some challenges before the mainnet launch. In October, the scaling solutions ecosystem was under pressure and the network’s OP token suffered a price shock.

Currently, the Optimism (OP) token is trading at $2.18. Source: CoinMarketCapCurrently, the Optimism (OP) token is trading at $2.18. Source: CoinMarketCap

Notably, according to Ryan Wyatt, Blockchain Ink will participate in the governance of Optimism, dedicating a certain level of revenue and supporting the core development of “OP Stack.” That is why both crypto companies expect a “long and fruitful” partnership.

It is important to note that with this latest move, Kraken has become the latest company to launch an L2 network, following the development of popular rival crypto trading platforms such as Coinbase and Uniswap. Also, for reference, Ethereum L2, created by Coinbase, has been a major revenue generator since its launch earlier this year.

“Ink echoes our unmatched commitment to making cryptocurrencies accessible to everyone. This, with the aim of eliminating the points of friction that have historically made movement between centralized and decentralized worlds difficult. Ink pointed out.

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