cryptojournalist
Kraken, one of the most popular U.S. cryptocurrency exchanges, is preparing to launch its own blockchain called “Ink.” This move comes after Coinbase successfully rolled out its Base blockchain, which quickly climbed to become one of the top five blockchains in terms of total value locked, competing with big names like Ethereum, Tron, and Binance Smart Chain, according to DefiLlama.
A team of 40 people is currently working on building Ink, and the testnet is expected to go live by the end of this year. The full public launch is planned for early 2025, giving users a chance to dive into the new tech as soon as it’s ready.
Kraken’s goal with Ink is to make decentralized finance (DeFi) easier for the average user. When Ink launches, it will initially offer decentralized exchanges (DEXes) and aggregators, with more applications to be added as the platform grows. Kraken hopes this will help simplify DeFi and make it accessible to a wider audience.
