Another exchange joins the L2 battle βοΈ Hot on the heels of Coinbase, Kraken is also looking to launch its own L2 solution. The crypto exchange has just announced its Ink Layer-2, which is built using the OP stack and will be part of Optimism's Superchain collective. According to a recent joint statement with Optimism, Ink will be targeted towards DeFi veterans by providing a variety of on-chain asset management protocols. The network aims to launch with 1-second block times, allowing users to access near-instant transactions across DEXs, yield farms, and lending markets on Ink. By partnering with Optimism, the Superchain collective also earns a portion of the transaction fees generated on Ink. The Ink testnet is scheduled to launch later in November, with the mainnet slated to go live in early 2025.
Editor's Note: After the launch of Scroll's native token, it might seem like Kraken might be a little too late to the party. With so many L2s currently live and even more that have to launch their mainnets, it is hard to see how Kraken will be able to offer a better experience compared to the available options out there. However, it is still too early to tell, as we may see a significant influx of liquidity into Ink once it launches, perhaps hoping for a potential governance token airdrop. |
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