Ethereum

DeFi

Read

<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>
 <figcaption class="wp-element-caption">
 </figcaption>
</figure>  
<p class="has-background" style="background-color:#222222">Read more: <a href="https://coincu.com/292402-gary-gensler-resignation-likely-before-trump/" target="_blank" rel="noopener noreferrer nofollow"></a><a href="https://coincu.com/295287-new-sec-chair-appointed-by-donald-trump/" rel="noopener noreferrer nofollow"></a><a href="https://coincu.com/294996-bitcoin-miner-mara-expands-mining/" rel="noopener noreferrer nofollow"></a><a href="https://coincu.com/259626-bouncebit-review-binance-megadrop-btc-restaking/" rel="noopener noreferrer nofollow"></a><a href="https://coincu.com/292777-goldman-sachs-digital-asset-platform/" rel="noopener noreferrer nofollow"></a><a href="https://coincu.com/288922-microsoft-rejects-bitcoin-investment-proposal/" rel="noopener noreferrer nofollow"></a><a href="https://coincu.com/219215-balancer-reported-social-engineering-attack/" rel="noopener noreferrer nofollow"></a><a href="https://coincu.com/294304-coinbase-usdc-earn-program-stops/" rel="noopener noreferrer nofollow"></a><a href="https://coincu.com/281635-nvidia-stock-decline-shows-bitcoin-stable/" rel="noopener noreferrer nofollow"></a><a href="https://coincu.com/290406-crypto-pac-fairshake-continues-to-boost/" rel="noopener noreferrer nofollow"></a><a href="https://coincu.com/290763-avalanche-foundation-completes-acquisition-lfg/" rel="noopener noreferrer nofollow"></a><a href="https://coincu.com/295417-president-elect-donald-trump-congratulates-btc/" rel="noopener noreferrer nofollow"></a><a href="https://coincu.com/295134-solana-etf-takes-spotlight-as-sec-approval/" rel="noopener noreferrer nofollow"></a><a href="https://coincu.com/267888-us-lawmakers-demand-release-binance-executives/" rel="noopener noreferrer nofollow"></a><a href="https://coincu.com/287444-kraken-ethereum-restaking-now-available/" rel="noopener noreferrer nofollow"></a><a href="https://coincu.com/282572-zksync-mainnet-governance-launches/" rel="noopener noreferrer nofollow"></a><a href="https://coincu.com/281712-aave-launches-on-ethereum-mainnet/" rel="noopener noreferrer nofollow"></a><a href="https://coincu.com/226404-gateio-withdrawal-issue-fixed-6-hours-idling/" rel="noopener noreferrer nofollow"></a><a href="https://coincu.com/292047-doj-investigates-polymarket-for-alleged-illegal/" rel="noopener noreferrer nofollow"></a><a href="https://coincu.com/295684-us-banks-crypto-warning-revealed-by-coinbase/" rel="noopener noreferrer nofollow"></a><a href="https://coincu.com/296746-crypto-advocate-congressman-french-hill/" rel="noopener noreferrer nofollow"></a><a href="https://coincu.com/296064-microstrategy-bitcoin-purchase-expands/" rel="noopener noreferrer nofollow"></a><a href="https://coincu.com/296700-us-president-elect-trump-promote-bitcoin/" rel="noopener noreferrer nofollow"></a><a href="https://coincu.com/293955-kraken-nft-marketplace-halted/" rel="noopener noreferrer nofollow">Kraken NFT Marketplace Halted After 2 Years As Exchange Focuses On New Products</a></p>  
<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>  
<figure class="wp-block-table">
 <table class="has-luminous-vivid-orange-color has-text-color has-link-color">
  <tbody>
   <tr>
    <td><em><strong>DISCLAIMER</strong>:&nbsp;The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.</em></td>
   </tr>
  </tbody>
 </table>
</figure>  <a href="https://coincu.com/?p=296943" rel="noopener noreferrer nofollow">Read original article on coincu.com</a>

Kraken Layer 2 Ink Reveals Mainnet Launch Is Coming Soon

Table of Contents

Coincu

Other articles published on Dec 14, 2024

Mark Zuckerberg and Elon Musk Oppose OpenAI Changes

Press Release: Pepeto Presale vs. Pepe Unchained listing: The Battle to Surpass Pepe in 2025″

Riot Platforms Expands Bitcoin Reserves by Over 5,000 BTC

Thought Crypto’s Best Days Were Over? Qubetics Redefines What’s Possible in Blockchain Investment

Best Meme Coins to Invest in for Short Term: BTFD Coin, Pepe Coin, and Floki Inu

Mantra Price Could Surge 35% as Buyers Dominate

Join our free newsletter for daily crypto updates!