The cryptocurrency exchange Kraken has announced the launch of its own blockchain, Ink, early next year. Ink will become a platform for decentralized applications (dApps), providing token trading, lending, and borrowing without intermediaries. The new blockchain will function as Layer 2, similar to the Base network from Coinbase.
Ink will be integrated with the Kraken wallet, offering a simplified interface for interacting with DeFi. Kraken does not plan to issue its own token for Ink, distinguishing it from competitors. At launch, the network will support more than ten dApps, including exchanges and aggregators.