Crypto Exchange Kraken Announces Launch of New Ethereum Layer-2 Chain ‘Ink’

US-based crypto exchange Kraken has unveiled its Ethereum (ETH) layer-2 blockchain that will be launched on testnet later this year.

In a statement, Kraken says the layer-2 blockchain, called Ink, is designed to enable seamless access to decentralized finance (DeFi).

The blockchain is built on Optimism’s Superchain, a network of interconnected layer-2 chains powered by the open-source OP stack.

“As a natural evolution of our mission, Ink will serve as a seamless bridge to DeFi, empowering users to move onchain with confidence and ease.”

Ink says it has all the resources, connections and trust needed to build the future of DeFi.

“When everyone can access and understand DeFi, the paradigm changes. Unlocking potential that was previously only available to the suits in traditional finance.

We’re taking everything we’ve learned over 13 years of bringing crypto to the world, and applying it to the onchain world.”

Optimism says Ink will join Entertainment giant Sony’s Soneium, crypto exchange Coinbase’s Base, decentralized exchange (DEX) Uniswap’s Unichain and biometrics firm World’s World Chain as part of the Optimism Collective that aims to scale Ethereum to internet-level adoption.

“Like all OP Chains in the Superchain, inkonchain is built on the OP Stack, contributes protocol fees back to the Optimism Collective, and participates in Optimism Governance.”

Optimism says Ink will support use cases such as DEXs, lending and perpetual and yield protocols, which will allow crypto-native and crypto-curious participants to explore a range of onchain apps.

“Ink will provide a seamless onchain DeFi experience for the crypto-native and crypto-curious, contributing to the adoption of Ethereum.”

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