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Another exchange joins the DeFi game in 2025: Kraken.
They’ve announced their own L2 blockchain, Ink. Similar to Coinbase with its L2 Base, Kraken will be used as the sequencer for the Ink chain, and aims to make crypto seamless and accessible to all by integrating centralized and decentralized services to the chain. Slated to release on November 10th, developers will soon be able to build on this brand new chain.
Here’s a summary of what Ink offers:
As a member of the OP Superchain family, which includes chains like Base, Mode Network, and Unichain, Ink boasts many features found in other Superchain L2’s
Here’s what Ink is committed to:
Similar to Coinbase’s relationship with the Base protocol, Kraken will serve as Ink’s sequencer. This is advantageous for both Kraken and Ink, for multiple reasons. It’ll facilitate the integration of centralized tools to the blockchain, and use Kraken’s security expertise to reinforce Ink’s security measures. Users won’t have to worry knowing that the chain is maintained by one of the trustiest teams in crypto!
Ink’s approach focuses on user experience and practical utility: they’re committed to making DeFi easier for everyone, and removing the barriers that could hinder mass adoption. This is part of a growing trend in crypto where builders have recognized that user accessibility isn’t quite what it should be, making DeFi a difficult phenomenon to participate in for many.
To celebrate the launch of Ink, the Kraken team will host the DevJam, an event at DevCon Bangkok on November 11. Attendees can join the Ink team and Optimism’s for exclusive testing of the L2, Q&A’s and workshops, among other activities. Sign up here: https://lu.ma/h8rbfyse
A commemorative NFT was also created by Optimism in collaboration with artist Klara Vollstaedt. It can already be minted on Zora here.
As the focus on user experience and seamlessness becomes an important topic in DeFi, Kraken’s entry into the world of L2s with Ink is a step forward for a world where DeFi is safe, easy to access and to use for all, whether someone’s already an expert at decentralized finance or taking their first steps outside centralized exchanges.
While the crypto community waits the for arrival of the Testnet on November 10th, we’re curious to see in which direction Ink will go and how well it’ll fulfill its promise of making DeFi accessible for all.
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