Hedera

DeFi

Optimism

RedStone

Ink, a layer-2 blockchain developed by crypto exchange Kraken and built on the Optimism Superchain, is now live, with oracle platform RedStone as an official partner.
The Ink Chain mainnet <a href="https://x.com/inkonchain/status/1869417386761470219" target="_blank" rel="noopener noreferrer nofollow">launched</a> on Dec. 18, months ahead of the <a rel="noopener noreferrer nofollow" href="https://crypto.news/kraken-to-launch-blockchain-network-in-2025/">previously announced</a> plans to debut in Q1, 2025. RedStone confirmed its partnership with Ink in a press release, stating that it has been selected as the official partner for decentralized finance.
The partnership will leverage RedStone’s modular architecture to provide real-time price feed data. RedStone enables users to securely interact with and utilize accurate, real-time data across the DeFi ecosystem, including Bitcoin (<a rel="noopener noreferrer nofollow" href="https://crypto.news/price/bitcoin/">BTC</a>) staking.
Read more: <a rel="noopener noreferrer nofollow" href="https://crypto.news/kraken-to-launch-blockchain-network-in-2025/"> Kraken to launch blockchain network in 2025 </a>
Backed by Arrington Capital, RedStone’s oracle network offers cross-chain data feeds across Ethereum, Avalanche, and Polygon ecosystems. The network uses the decentralized data storage platform Arweave for permanent data storage, enhancing its reliability.
Ink’s blockchain architecture, on the other hand, is optimized for deploying on-chain protocols with fast block times, low transaction fees, and robust interoperability. As part of Ethereum’s scaling solutions landscape, Ink’s infrastructure is designed to bridge Ethereum and decentralized finance protocols effectively.
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow">
 “Ink has enabled engineers to create the next generation of DeFi applications and protocols. With RedStone as one of our oracle partners, builders have access to reliable data, custom solutions and BTCfi related feeds that will foster the growth of the Ink ecosystem and accelerate the move on-chain,”
 Andrew Koller, founder of Ink.
 
</blockquote>
According to the L2 platform’s team <a href="https://x.com/inkonchain/status/1869417388590203246" target="_blank" rel="noopener noreferrer nofollow">on X</a>, the decision to launch ahead of schedule was driven by strong demand from builders and community support. The testnet phase saw millions of transactions and thousands of wallet connections, highlighting robust engagement and readiness for the mainnet debut.
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Ink Chain selects RedStone to power its DeFi ecosystem

crypto.news

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