Kraken launched Ink, a Layer 2 on Optimism's Superchain in December 2024. Since early May, Ink has recorded a surge in all metrics, with over 500,000 transactions per day and nearly 6,000 smart contracts activated (June 18).

Recently, the Ink Foundation announced the INK token (supply of 1 billion), and an airdrop through Aave. INK is only used to gather liquidity and encourage application development, and does not participate in governance voting. Kraken expects Ink to become a formidable competitor to Base (Layer 2 developed by Coinbase).#ink