KEY TAKEAWAYS
- Kraken plans to introduce the $INK token and Ink Layer 2, enhancing its product suite with new onchain capabilities.
- The $INK token, issued by the Ink Foundation, aims to unify users and protocols within the Ink Layer 2 ecosystem.
- Kraken’s integration of Ink Layer 2 will support high throughput and EVM compatibility, benefiting both DeFi users and institutions.
- This initiative seeks to bridge the gap between centralized and decentralized finance, expanding access to open, permissionless finance.
Kraken has announced plans to introduce the $INK token and Ink Layer 2 into its existing product suite. This initiative aims to unlock new use cases powered by onchain protocols and infrastructure, providing seamless onchain experiences and opportunities for its global client base. The announcement was made here.
The $INK token will be issued by a subsidiary of the Ink Foundation, an independent entity responsible for stewarding the Ink Layer 2 and its ecosystem. The token is designed to unify users, protocols, and builders across the Ink Layer 2 ecosystem. As part of the Kraken Drops program, $INK tokens will be airdropped to eligible, active Kraken clients and ecosystem participants.
Integration with Kraken’s Offerings
Arjun Sethi, Kraken’s co-CEO, stated that the objective is to see production-grade onchain systems deeply integrated across Kraken’s offerings. He highlighted that the Ink Layer 2 provides a high throughput, low finality, Ethereum Virtual Machine (EVM) compatible environment, which can be extended across trading and payments infrastructure.
The Ink Foundation is working to standardize how value moves, benefiting not only decentralized finance (DeFi) users but also institutions, market makers, and anyone operating in the digital asset space. Kraken supports the Ink Foundation’s efforts to align infrastructure for both onchain and offchain users with the same performance, security, and global accessibility.
Future Prospects and Community Impact
The Ink Foundation Board of Directors described this development as a pivotal moment for the Ink community and those working to embed open, permissionless finance into everyday life. By introducing $INK and Ink-native protocols into products already trusted by millions, Kraken aims to bridge the gap between centralized finance (CeFi) and DeFi.
Further details on the plans and the $INK airdrop will be shared as milestones are reached, marking the beginning of united capital markets accessible to all.
Why This Matters: Impact, Industry Trends & Expert Insights
Kraken’s announcement of the $INK token and Ink Layer 2 signifies a strategic expansion into decentralized finance (DeFi) by leveraging onchain protocols to enhance user experiences and opportunities.
Recent industry reports indicate that Layer 2 solutions are experiencing rapid adoption, with significant growth in transaction volumes and active addresses. This aligns with Kraken’s integration of the Ink Layer 2, which aims to provide a high throughput and low finality environment, enhancing its trading and payments infrastructure.
As per insights from CoinCentral, the $INK token and Ink Layer 2 are seen as strategic moves to expand DeFi on Kraken’s network, focusing on genuine utility and preventing manipulation. This supports the initiative’s potential to position Ink as a key player in on-chain capital markets and DeFi ecosystems.
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