Ink Token Launch: A New Era for Kraken’s Layer-2 Blockchain
The crypto community is buzzing with excitement as Kraken’s Ink Foundation announces the launch of its new INK token. This development marks a significant milestone for the Ethereum Layer-2 network, Ink, which is part of the Optimism Superchain. The token, with a fixed supply cap of 1 billion, is set to power the network’s decentralized finance (DeFi) ecosystem, offering unique opportunities for users and developers alike.
Key Features of the INK Token
The INK token is designed to operate without influencing the governance of the Ink network, setting it apart from other native tokens in the space. This non-governance model has sparked interest, particularly as it positions Ink as a potential rival to Coinbase’s Base network, which has consistently rejected plans for a native token.
First Use Case: Liquidity Protocol
Developers have announced that the first use case for the INK token will be a liquidity protocol based on Aave. This initiative aims to build a robust DeFi stack, with early users eligible for a significant airdrop. The liquidity protocol is expected to serve as a foundational element for further DeFi innovations on the Ink network.
Airdrop and User Incentives
The Ink Foundation has confirmed a massive airdrop as part of the token launch. Users who participate in the network’s activities will be eligible for this airdrop, incentivizing early adoption and engagement. The foundation has permanently set the supply cap at 1 billion INK tokens, ensuring a fixed supply that aligns with the network’s long-term vision.
Kraken’s Strategic Move
Kraken’s backing of the Ink Layer-2 network underscores its commitment to advancing Ethereum’s scalability and DeFi capabilities. By launching the INK token, Kraken aims to enhance protocol incentives and allocation, fostering a thriving ecosystem for users and developers.
Market Context
As of June 15, 2025, the close price of Ink was $0.00107348. The token has experienced significant volatility, with a 52-week high of $0.00259898 on December 19, 2024, and a low of $0.000438773 on March 15, 2025. The upcoming launch and airdrop are expected to impact the token’s market dynamics.
Conclusion
The launch of the INK token represents a pivotal moment for Kraken’s Ink Layer-2 network. With its unique non-governance model and strategic focus on DeFi, Ink is poised to make a significant impact in the crypto space. As the network continues to evolve, users and developers will have new opportunities to explore and innovate within this promising ecosystem.