$INK Token #Airdrop Drives Kraken Layer-2 Activity Above 500,000 Daily Transactions


Kraken's Ink blockchain has seen a massive surge in usage ahead of the planned $INK token launch with a 1 billion fixed supply.


Daily transactions exceeded 500,000 while active contracts nearly doubled since May, peaking at 6,000 on June 18.


The Ink Foundation announced a community #airdrop structured through the #Aave liquidity pool for early ecosystem participants.


Its total value locked remains below $8 million despite transaction growth, indicating significant capital expansion potential.


Ink launched its mainnet in December 2024, ahead of the initially scheduled Q1 2025 timeline for Optimism Superchain integration.


The EVM-compatible layer-2 allows developers to deploy #Ethereum applications with lower costs and faster transaction speeds.


The $INK token will focus on liquidity aggregation and application incentives rather than governance, distinguishing itself from traditional #Layer2 tokens.

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June 23, 2025 at 2:17 PM
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