{"id":44561,"date":"2025-06-17T20:00:46","date_gmt":"2025-06-17T17:00:46","guid":{"rendered":"https:\/\/coinengineer.net\/blog\/?p=44561"},"modified":"2025-06-17T19:31:02","modified_gmt":"2025-06-17T16:31:02","slug":"kraken-backed-ethereum-layer-2-launches-ink-token-to-rival-base","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/kraken-backed-ethereum-layer-2-launches-ink-token-to-rival-base\/","title":{"rendered":"Kraken-Backed Ethereum Layer 2 Launches INK Token to Rival Base"},"content":{"rendered":"<p data-start=\"2792\" data-end=\"3066\">Competition in the crypto world is not just about technology\u2014it\u2019s also about narrative. As Layer 2 solutions continue to shape the future of DeFi, <strong data-start=\"2939\" data-end=\"2949\">Kraken<\/strong> is entering the arena with a strategic move: launching the INK token via its own <strong data-start=\"3031\" data-end=\"3043\">Ethereum<\/strong>-based Layer 2 network.<\/p>\n<p data-start=\"3068\" data-end=\"3158\">But is this just another token, or a serious challenge to existing networks like <strong data-start=\"3149\" data-end=\"3157\">Base<\/strong>?<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_71 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/coinengineer.net\/blog\/kraken-backed-ethereum-layer-2-launches-ink-token-to-rival-base\/#INK_Token_Utility_First_Governance_Last\" title=\"INK Token: Utility First, Governance Last\">INK Token: Utility First, Governance Last<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/coinengineer.net\/blog\/kraken-backed-ethereum-layer-2-launches-ink-token-to-rival-base\/#Part_of_the_Optimism_Mainnet_Superchain_Vision\" title=\"Part of the Optimism Mainnet Superchain Vision\">Part of the Optimism Mainnet Superchain Vision<\/a><\/li><\/ul><\/nav><\/div>\n<h2 data-start=\"3160\" data-end=\"3205\"><span class=\"ez-toc-section\" id=\"INK_Token_Utility_First_Governance_Last\"><\/span>INK Token: Utility First, Governance Last<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p data-start=\"3207\" data-end=\"3552\">According to the <strong>Ink Foundation<\/strong>, <strong>INK<\/strong> will have a fixed supply of 1 billion tokens and will not be used for governance purposes. This decision stands in contrast to most token models that rely heavily on community voting and governance dynamics. Instead, INK is being pitched as a <em>\u201csingle-token model designed for usage, not speculation.\u201d<\/em><\/p>\n<hr \/>\n<p data-start=\"3554\" data-end=\"3824\"><em>You Might Be Interested In: <span style=\"color: #0000ff;\"><a style=\"color: #0000ff;\" href=\"https:\/\/coinengineer.net\/blog\/elon-musk-talks-about-the-name-of-a-new-memecoin\/\">Elon Musk Talks About the Name of a New Memecoin!<\/a><\/span><\/em><\/p>\n<hr \/>\n<p data-start=\"3554\" data-end=\"3824\">The token\u2019s first use case will be a DeFi liquidity pool built on Aave. Users participating in this pool will likely be eligible for an airdrop, with more drops potentially planned. <strong>INK<\/strong> aims to provide a foundational liquidity layer for DeFi activity on the Ink network.<\/p>\n<p data-start=\"3554\" data-end=\"3824\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-158998 size-large\" src=\"https:\/\/coinmuhendisi.com\/blog\/wp-content\/uploads\/2025\/06\/ink-token-1024x467.webp\" alt=\"ink token\" width=\"1020\" height=\"465\" \/><\/p>\n<h2 data-start=\"3826\" data-end=\"3880\"><span class=\"ez-toc-section\" id=\"Part_of_the_Optimism_Mainnet_Superchain_Vision\"><\/span>Part of the Optimism Mainnet Superchain Vision<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p data-start=\"3882\" data-end=\"4168\">Ink is part of the <strong data-start=\"3901\" data-end=\"3921\">Optimism Mainnet<\/strong> Superchain initiative, which allows different Layer 2s to interoperate, share governance infrastructure, and utilize the OP Stack. Notably, <strong data-start=\"4062\" data-end=\"4072\">Kraken<\/strong>\u2019s Ink network is the first outside of Optimism itself to implement permissionless fault proofs.<\/p>\n<p data-start=\"4170\" data-end=\"4381\">Meanwhile, <strong data-start=\"4181\" data-end=\"4189\">Base<\/strong>, the L2 developed by Coinbase, remains the most active with over 10 million daily transactions. However, with a unique token model and deep DeFi integration, INK could be a serious contender.<\/p>\n<hr \/>\n<p data-start=\"4170\" data-end=\"4381\"><em>You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don\u2019t forget to follow us on our\u00a0<span style=\"color: #0000ff;\"><a href=\"https:\/\/t.me\/coinengineernews\">Telegram<\/a><span style=\"color: #000000;\">,<\/span>\u00a0<a style=\"color: #0000ff;\" href=\"https:\/\/www.youtube.com\/@CoinEngineer\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">YouTube<\/a><\/span><span style=\"color: #000000;\">,<\/span>\u00a0and\u00a0<a href=\"https:\/\/twitter.com\/coinengineers\" target=\"_blank\" rel=\"nofollow noopener\"><span style=\"color: #0000ff;\">Twitter<\/span><\/a>\u00a0channels for the latest<span style=\"color: #0000ff;\">\u00a0<a style=\"color: #0000ff;\" title=\"News\" href=\"https:\/\/coinengineer.net\/blog\/news\/\" data-internallinksmanager029f6b8e52c=\"7\">news<\/a><\/span>\u00a0and updates.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Competition in the crypto world is not just about technology\u2014it\u2019s also about narrative. As Layer 2 solutions continue to shape the future of DeFi, Kraken is entering the arena with a strategic move: launching the INK token via its own Ethereum-based Layer 2 network. But is this just another token, or a serious challenge to<\/p>\n","protected":false},"author":28,"featured_media":44562,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9,657,2],"tags":[637,965,10566,13624,9839,5851,18514,106,105,16045,18511,18510,1564,18515,3703,138,18513,18512,6705,11147],"class_list":["post-44561","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","category-en","category-news","tag-aave","tag-base","tag-blockchain-innovation","tag-crypto-airdrop","tag-crypto-strategy","tag-defi-infrastructure","tag-defi-news","tag-eth","tag-ethereum","tag-ethereum-scaling","tag-ink-foundation","tag-ink-token","tag-kraken","tag-kraken-crypto","tag-layer-2-networks","tag-liquidity-pool","tag-non-governance-token","tag-optimism-mainnet","tag-superchain","tag-token-supply"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Kraken-Backed Ethereum Layer 2 Launches INK Token to Rival Base - Coin Engineer<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/kraken-backed-ethereum-layer-2-launches-ink-token-to-rival-base\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Kraken-Backed Ethereum Layer 2 Launches INK Token to Rival Base - Coin Engineer\" \/>\n<meta property=\"og:description\" content=\"Competition in the crypto world is not just about technology\u2014it\u2019s also about narrative. 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