Ethereum

DeFi

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<p><strong>Key Points:</strong></p>  
<ul class="wp-block-list">
 <li><em>Kraken Layer 2 Ink, currently in Phase 1 of its Testnet, is set to launch its mainnet in Q1 2025.</em></li>  
 <li><em>Built on Optimism’s OP Stack, Ink aims to improve DeFi efficiency with faster transactions, lower fees, and compatibility with Ethereum.</em></li> 
</ul>  
<h5 class="wp-block-heading">Kraken Layer 2 Ink has <a href="https://x.com/inkonchain/status/1867699364204044294" target="_blank" rel="noopener noreferrer nofollow">released</a> a teaser on X to indicate that the full mainnet release is going to happen anytime soon.</h5>  
<figure class="wp-block-image aligncenter size-large"><a href="https://coincu.com/wp-content/uploads/2024/12/On-White-19.jpg" rel="noopener noreferrer nofollow"><img src="https://coincu.com/wp-content/uploads/2024/12/On-White-19-1024x576.jpg" alt="Kraken Layer 2 Ink Reveals Mainnet Launch Is Coming Soon" class="wp-image-296945"></a>
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<h2 class="wp-block-heading" id="ink-testnet-phase-nearing-completion">Ink Testnet Phase Nearing Completion</h2>  
<p>Kraken Layer 2 Ink is nearing Phase One completion of its Testnet since November 7 and comes to the fore with several newer functionalities offering improvement from security and user experience areas.</p>  
<p>The Ethereum scaling network of <a href="https://coincu.com/293535-kraken-token-listing-roadmap-includes-19-new/" target="_blank" rel="noopener noreferrer nofollow">Kraken</a> provides one of the basic functionalities-automatic asset withdrawal to Ethereum-along with an asset security mechanism involving a security committee in case of disputes. It allows users to check and vote against the inclusion of some roll-up transactions, thus boosting security and transparency even further.</p>  
<p><a href="https://coincu.com/292341-kraken-layer-2-ink-launched-fault-proof/" target="_blank" rel="noopener noreferrer nofollow">Kraken Layer 2 Ink</a> is built on the advanced technology developed by Optimism to offer better performance to the growing DeFi ecosystem: increased transaction speed, lower fees, and more flexibility. It will fully support DeFi applications such as trading, lending, and borrowing while being fully compatible with the Ethereum ecosystem.</p>  
<p>Ink will also integrate into Optimism's Superchain, a network of interoperable Layer 2 blockchains that share the same security system and development stack.</p>  
<h2 class="wp-block-heading" id="kraken-layer-2-ink-set-for-mainnet-launch-in-q1-2025">Kraken Layer 2 Ink Set for Mainnet Launch in Q1 2025</h2>  
<p>Scheduled to go live on the mainnet in Q1 2025, Kraken Layer 2 Ink is a major move by the exchange, continuing the trend of exchanges launching their own blockchains to improve scalability.</p>  
<p>Similar moves by Binance and Coinbase have gained considerable traction, with <a href="https://coincu.com/270194-coinbase-layer-2-base-introduced-identity-tool/" target="_blank" rel="noopener noreferrer nofollow">Coinbase's Layer 2 Base</a> solution now holding the second-highest Total Value Locked among such projects, according to <a href="https://l2beat.com/scaling/summary" target="_blank" rel="noopener noreferrer nofollow">L2Beat</a>. In recognition of its strategic alignment with the Optimism Foundation, Ink was awarded 25 million OP tokens in early 2024.</p>  
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Kraken Layer 2 Ink Reveals Mainnet Launch Is Coming Soon

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