Market Cap: $2.5929T -4.330%
Volume(24h): $154.5249B 52.170%
  • Market Cap: $2.5929T -4.330%
  • Volume(24h): $154.5249B 52.170%
  • Fear & Greed Index:
  • Market Cap: $2.5929T -4.330%
Cryptos
Topics
Cryptospedia
News
CryptosTopics
Videos
Top News
Cryptos
Topics
Cryptospedia
News
CryptosTopics
Videos
bitcoin
bitcoin

$82699.735037 USD

-3.52%

ethereum
ethereum

$2106.670497 USD

-2.84%

tether
tether

$1.000218 USD

0.04%

xrp
xrp

$2.195374 USD

-5.01%

bnb
bnb

$565.379421 USD

-3.18%

solana
solana

$128.785027 USD

-6.93%

usd-coin
usd-coin

$1.000085 USD

0.01%

cardano
cardano

$0.753569 USD

-6.46%

dogecoin
dogecoin

$0.175772 USD

-6.84%

tron
tron

$0.234964 USD

-2.51%

pi
pi

$1.421514 USD

-7.62%

unus-sed-leo
unus-sed-leo

$9.738269 USD

-0.17%

chainlink
chainlink

$14.221243 USD

-5.15%

hedera
hedera

$0.212864 USD

-3.34%

stellar
stellar

$0.267770 USD

-3.45%

Cryptocurrency News Articles

Kraken Launches Ink on the Ethereum Mainnet

Dec 19, 2024 at 07:05 pm

On December 18, 2024, Kraken, one of the largest crypto exchange platforms, announced the launch of its level 2 blockchain, Ink

Kraken Launches Ink on the Ethereum Mainnet

Crypto exchange platform Kraken has announced the launch of its layer-2 blockchain, Ink, on the Ethereum mainnet. Initially scheduled for early 2025, the launch was brought forward due to the community's enthusiasm and the development team's rapid progress.

Kraken’s Ink Launches on the Ethereum Mainnet

Ink is built on Optimism’s OP Stack technology, which allows for the creation of customized rollups. Rollups are scaling solutions that process transactions off-chain while validating a minimal amount of data on the main blockchain, which improves speed and reduces the costs of crypto transactions. With Ink, Kraken aims to enhance the user experience in DeFi by providing a more efficient and cost-effective platform.

Furthermore, Kraken received funding of 25 million OP tokens, valued at around 58 million dollars, to support Ink's development. This funding aligns with Optimism’s initiative to distribute grants to crypto developers, fostering the “Superchain” ecosystem.

In addition to financial support, Ink has partnered with several decentralized applications, including the decentralized exchange Curve, the stablecoin platform Frax, LayerZero for interoperability, and Gelato for infrastructure support.

Objectives and Future Perspectives

Through Ink, Kraken aims to advance on-chain experiences by integrating improvements in privacy, crypto security, and user experience, while maintaining high liquidity. Andrew Koller, founder of Ink, stated: “Today is just the beginning for Ink, and our boldest work starts now – growing Ink.”

The launch of Ink escalates the competition for layer-2 and layer-3 scaling solutions on Ethereum. Smaller solutions will need to enhance their offerings to keep up with Ink's crypto advancements in scalability, privacy, and user experience.

Overall, the early launch of Kraken's Ink marks a significant development in DeFi, promising faster and cheaper crypto transactions while enhancing security and interoperability within the Ethereum ecosystem.

Disclaimer:info@kdj.com

The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!

If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.

Other articles published on Mar 11, 2025