If Kraken was to launch its layer 2 Ink in the first quarter of 2025, the project has moved ahead and is already operational on the mainnet. Will this new network manage to stand out from the competition?
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Kraken’s Layer 2 Ink opens its doors
Just 2 months ago, the cryptocurrency exchange Kraken announced the development of its own layer 2 of Ethereum (ETH): Ink. Originally, this new network was only supposed to be launched in the first quarter of next year, but the plan has been so far ahead of schedule that the mainnet is already operational:
Originally scheduled for Q1 2025, Ink launched ahead of schedule following a successful testnet development period, aiming to satisfy demand from the growing community of builders who quickly rallied around the project.
According to initial on-chain data, the network has already recorded 1.16 million transactions and more than 10,700 wallet addresses. Although this figure is not yet relevant less than 24 hours after launch, DefiLlama indicates a total value locked (TVL) of $1.25 million in decentralized finance (DeFi).
On the technical side, Ink is part of the Optimism Superchain. Note also that at present, no token seems to be on the agenda.
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This year, we have seen an explosion of layer 2 on Ethereum. While these networks can increase the scalability of the main chain, they nevertheless raise questions regarding the dispersion of capital. While not all of them are as popular as leaders like Base or Arbitrum, it will be interesting to see how Ink looks to fare in the face of all this competition.
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Source : Kraken
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Since 2021, I have devoted my free time to seriously educating myself on cryptocurrencies in order to acquire maximum knowledge and credibility. I often have the opportunity to conduct interviews with influential figures in the blockchain industry. I also conduct in-depth analyzes on Web3 themes to offer exclusive content to Cryptoast readers.
Vincent Maire
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