Kraken has announced the launch of its layer-2 network, Ink, which will be built on the Ethereum blockchain using technology from Optimism, the same provider that underpins Coinbase's Base network. This development follows Kraken's earlier consideration of a layer-2 solution due to the success of Base. Ink is based on Optimism's customizable OP Stack, designed to enable developers to create their own blockchains. Expected to go live in early 2025, Ink aims to foster a robust ecosystem for decentralized finance (DeFi) applications. Optimism has gained traction with several major firms, including Sony and Uniswap, opting to create layer-2 networks using its technology, collectively referred to as the Superchain, which boasts a total value locked (TVL) of $18.1 billion across 43 projects. Ink aims to capitalize on the growing popularity of Optimism's technology despite the competition from other layer-2 solutions like Arbitrum.

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