Ink’s Layer 2 Network Gears Up for Token Launch Amidst Surge in Activity

In the rapidly evolving landscape of cryptocurrency, Ink, a Layer 2 network backed by Kraken and integrated into Optimism’s Superchain, is making significant strides. As of June 23, 2025, the network is experiencing a surge in activity, setting the stage for a highly anticipated token launch. The Ink Foundation has announced plans for the INK token, with a total supply capped at 1 billion units. This launch is expected to include a community airdrop, signaling a strategic move to engage and expand its user base.

Ink Blockchain’s Remarkable Growth

Kraken’s Ink blockchain has recently surpassed a milestone of 500,000 daily transactions, a testament to its growing adoption and utility. This surge in activity comes just days before the launch of the INK token. The network has seen a doubling in the number of active smart contracts since May, now totaling 6,000. Despite this impressive growth in usage, the total value locked on the chain remains under $8 million. This discrepancy highlights the network’s potential for further growth and integration within the Ethereum ecosystem.

Strategic Launch of INK Token

The Ink Network, leveraging Optimism’s OP Stack, was launched in October 2024 and is now poised to introduce its native token, INK. The launch is being spearheaded by the newly established Ink Foundation, a separate entity from Kraken’s U.S.-based crypto exchange. This strategic move aims to bolster the network’s position within the Ethereum Layer-2 DeFi space, offering enhanced scalability and efficiency.

Market Context and Outlook

As of June 21, 2025, Ink’s close price stood at $0.000724536, with a 52-week high of $0.00259898 recorded on December 19, 2024, and a low of $0.000438773 on March 15, 2025. The upcoming token launch and network growth are expected to influence these metrics significantly. Investors and enthusiasts are closely watching Ink’s trajectory, anticipating that the network’s integration into the Optimism Superchain and its robust transactional capabilities will drive its value upward.

In conclusion, Ink’s strategic initiatives and rapid growth position it as a noteworthy player in the Layer 2 space. With the INK token launch on the horizon, the network is set to capitalize on its momentum, potentially reshaping its market dynamics and offering new opportunities for users and investors alike.