What is INK? Kraken's New Blockchain Project

INK is a Layer 2 Bit chain launched by the globally renowned compliant exchange Kraken. It is built on Optimism's OP Stack technology and has become part of the OP Superchain ecosystem. This innovative initiative aims to lower the barrier to entry into the decentralized finance (DeFi) world, allowing more users, regardless of their familiarity with Bit chain technology, to participate in this rapidly evolving field.

As a strategic extension of Kraken, INK's goal is to bring the intuitive user experience of a centralized exchange to the Bit chain world. It hopes to create a more efficient and convenient on-chain experience for users, allowing them to easily engage in decentralized trading, lending, and yield mining operations.

The Relationship Between INK and Kraken: Enhancing Ecosystem Value

Kraken's launch of INK is not just about joining the Bit chain hype, but about building a more comprehensive ecosystem. The design philosophy of INK is to integrate Kraken's core functions, such as wallets, identity verification, KYC/AML, with Bit chain technology to provide an easy-to-use and efficient on-chain platform.

At the same time, INK will actively promote cooperation with well-known DeFi projects, such as Aave and Infinix, to further enrich its ecosystem. This not only helps attract more users but also provides more development space for developers, forming a highly interactive on-chain financial ecosystem.

Why Are More and More Centralized Exchanges Building Their Own Public Bit chains?

In recent years, many centralized exchanges (CEXs) have started to build their own public Bit chains, such as Coinbase's Base and Bybit's Mantle. The driving force behind this is the multiple advantages that public Bit chains can bring:

• Reduced Costs and Improved Efficiency: Public Bit chains can reduce dependence on external Bit chains, significantly reducing transaction costs and increasing speed.
• Expanded Application Scenarios: Public Bit chains provide more possibilities for the innovation of decentralized applications (dApps).
• Strengthened Ecosystem Control: Exchanges can achieve stronger ecosystem control and competitive advantages through the design and development of public Bit chains.

Taking Coinbase's Base as an example, it has achieved remarkable TVL (Total Value Locked) growth within a few months, thanks to the OP Stack technology, proving the feasibility of this strategy. Similarly, Kraken hopes to seize this market opportunity through INK and provide users with more efficient Bit chain services.

The Technical Core of INK: OP Stack and OP Superchain

The technical foundation of INK comes from Optimism's OP Stack, which is a modular standard toolset that allows developers to quickly build customized Layer 2 Bit chains. With the help of OP Stack, INK has achieved sub-second transaction processing speeds while maintaining compatibility with the Ethereum mainnet.

Furthermore, as part of the OP Superchain ecosystem, INK is highly interoperable with other Bit chains based on the OP Stack (such as Base and opBNB). This technical architecture not only reduces the complexity of cross-chain operations but also expands INK's application scenarios, giving it broader market competitiveness.

The Value of OP Superchain: Solving the Fragmentation Problem

The core goal of OP Superchain is to solve the fragmentation problem in the Bit chain ecosystem. It provides a unified infrastructure for Layer 2, making cross-chain operations more seamless. This not only reduces the technical threshold for users and developers but also enhances the overall user experience.

Currently, OP Superchain has attracted many heavyweight projects, including Coinbase's Base, Worldcoin, and Cyber, among others. These projects not only enrich the Superchain ecosystem but also further enhance the network effects through shared resources.

The Future Potential of INK: New Opportunities in DeFi and RWA

The success of Base shows that Layer 2 Bit chains based on the OP Stack have strong development potential. As the official Bit chain supported by Kraken, INK combines Kraken's strong user base and technical advantages, and is expected to play an important role in the fields of DeFi and real-world asset tokenization (RWA).

The INK team is also actively attracting more developers to participate, such as through DevCon and other activities to promote collaboration. This not only helps further develop the ecosystem but will also help it establish a solid market position.

Looking to the Future: The Value and Impact of INK

The launch of INK not only marks a critical step for Kraken in the decentralized finance field, but also provides new possibilities for the application of Bit chain technology. As the OP Superchain ecosystem expands further, INK has the opportunity to become a core infrastructure for DeFi and real-world asset tokenization.

Conclusion

INK is an important strategic move by Kraken towards the future of Bit chains. Leveraging OP Stack technology and the support of the Kraken ecosystem, INK can not only provide users with simple and efficient on-chain financial services, but also has the potential to become an important pillar of the decentralized world. In this constantly evolving industry, INK will bring more possibilities and value to users, developers, and investors.