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Kraken has launched Ink, its Layer-2 blockchain on the Ethereum mainnet, ahead of the planned Q1 2025 release. The platform aims to enhance DeFi by bridging users and developers, featuring over 8 million transactions during its test phase and plans for a permissionless proof-of-error system to boost accountability and security. Ink leverages Optimism’s OP Stack, receiving a $58 million grant, while Kraken navigates recent regulatory challenges.
Ink Chain has launched its mainnet ahead of schedule, partnering with RedStone to enhance its DeFi ecosystem with real-time price feeds. Built on the Optimism Superchain, Ink aims to facilitate the development of next-generation DeFi applications while ensuring low fees and fast transactions. Meanwhile, Pepe coin has experienced a significant decline, invalidating bullish patterns amid broader market losses and a drop in smart money interest.
Kraken, one of the oldest crypto exchanges, is set to launch its own blockchain named Ink early next year, aimed at facilitating decentralized applications for trading, borrowing, and lending tokens without intermediaries. The blockchain will utilize technology similar to Coinbase's Base, which has emerged as a leading DeFi platform since its launch. A testnet for developers will be available later this year, with the full platform expected to open to users in the first quarter.
Andrew Koller
People
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
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