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Cryptocurrency News Articles
Kraken Releases Its Ethereum L2 Scaling Solution, Ink, Months Ahead of Schedule
Dec 19, 2024 at 11:19 am
The global crypto exchange announced the launch of its Ethereum Layer-2 network last night, coming months earlier than its proposed 2025 debut.
Kraken has introduced Ink, an L2 scaling solution, ahead of its proposed 2025 launch.
The launch is part of the "Superchain" project, where several platforms boosting Ethereum’s efficiency are built on the same framework.
Ink is built on an OP stack, utilizing technology created by Optimism. As part of the integration, Optimism will send Kraken 25 million OP tokens.
Coinbase, Uniswap, and Sony Blockchain Labs have also reached deals with Optimism to build using their tech stack.
Ultimately, Ink aims to "bridge the gap between users and…builders engineering the future of DeFi by creating a seamless, connected ecosystem.”
While full functionality is not yet unlocked, Ink already supports several features for developers and DeFi users.
"Builders" can access developer toolkits and participate in the protocol’s first-ever Hacker House event.
On the investor side, users can connect their wallet to the Ink network and begin bridging funds from ETH to the L2 protocol.
Other popular dApps already live include Curve finance, Dune, and Polymer.
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