Crypto exchange Kraken has launched its new Ethereum Layer-2 blockchain Ink and cryptocurrency token INK, aimed at promoting decentralized finance (DeFi).
Launch of Ink Blockchain and INK Token
On June 17, 2025, Kraken, one of the world’s leading crypto exchanges, officially unveiled its Ethereum Layer-2 blockchain Ink, issuing the INK token. With a capped supply of 1 billion tokens, designed to fuel protocol incentives and liquidity aggregation, Ink is positioned to compete with L2 solutions like Coinbase’s Base.
Technical Features of Ink and Role of INK Token
Ink operates as part of the Optimism Superchain, ensuring it inherits Ethereum’s security while reducing transaction costs. The INK token serves as a utility tool aimed at enhancing Ink’s DeFi ecosystem, grounded in the notion that it is not intended for governance or market speculation.
Ink's Plans for Ecosystem Expansion
The Ink Foundation has outlined an ambitious roadmap including expanded DeFi partnerships, developer grant programs, and mainstream integration challenges. These initiatives aim to create a conducive environment for users and developers leveraging the INK token.
The launch of Ink and the INK token demonstrates Kraken's strategic initiative within the decentralized finance space. The future of the token and ecosystem will hinge on their ability to achieve stated goals and attract new users.
