- Kraken has released its Ethereum Layer 2 blockchain, Ink, ahead of its initial 2025 timeline
- Built on Optimism’s OP Stack, Ink aims to offer seamless access to decentralized finance (DeFi) services
- The platform integrates with the Superchain to enhance Ethereum scalability while starting with Kraken as its sole sequencer
Kraken has launched Ink, its Ethereum Layer 2 blockchain, earlier than originally planned. Originally slated for 2025 and designed to expand user access to decentralized finance, Ink utilizes Optimism’s OP Stack technology to deliver efficient and scalable DeFi solutions. Kraken will manage the initial phase, but the platform intends to decentralize transaction processing over time, all while maintaining compatibility with Ethereum’s broader ecosystem.
Early Launch to Bridge CeFi and DeFi
Ink’s early launch signals Kraken’s commitment to accelerating its role in the DeFi landscape, providing users with direct access to decentralized applications (dApps) for trading, lending, and borrowing. Kraken CEO Jesse Powell stated of the protocol, “Ink demonstrates our dedication to enabling a seamless transition for users between traditional financial systems and decentralized networks.”
Ink leverages Optimism’s OP Stack, joining the Superchain—a collaborative network of interoperable Layer 2 solutions sharing security, governance, and performance enhancements. This integration allows Ink to scale Ethereum’s capabilities while ensuring its users benefit from reduced fees and faster transaction speeds. According to a Kraken blog post, “Our focus is on creating a robust ecosystem that fosters innovation and simplifies the DeFi experience.”
No Token…Yet
The Ink blockchain debuts without a native token, focusing instead on integrating top-tier DeFi tools directly into the Kraken Wallet app. This approach simplifies how users interact with DeFi protocols, bridging centralized and decentralized services effortlessly. Developers, too, are positioned to benefit, with Kraken offering comprehensive resources, such as technical documentation and tutorials, to encourage innovation.
While Kraken currently acts as the sole sequencer for Ink, managing transactions and earning related fees, the exchange plans to decentralize this role. By opening sequencer operations to the broader community, Kraken aims to foster a resilient and inclusive network. This early launch underlines Kraken’s vision of driving accessibility and adoption in the rapidly evolving DeFi space.
