Ink Foundation Launches $INK Token on Layer 2 Network for DeFi

Coin WorldWednesday, Jun 18, 2025 8:08 am ET
1min read

The Ink Foundation, a nonprofit organization backed by Kraken, has announced the launch of its $INK token. This token is designed to enhance decentralized finance (DeFi) services on its layer 2 network, which leverages Optimism technology. The $INK token will have a fixed supply of 1 billion tokens, aiming to provide a robust and efficient ecosystem for DeFi applications.

To encourage mass participation, the Ink Foundation will distribute $INK via an airdrop targeting early adopters, developers, and dApp users. This community-first strategy aims to kickstart ecosystem growth and reward early engagement, offering a fair chance for supporters to receive tokens.

By operating as an Ethereum Layer 2, the Ink Foundation aims to deliver faster transaction speeds and lower fees. Kraken’s backing adds credibility and vital infrastructure support. With decentralized governance and a capped supply, the project blends technical efficiency with long-term sustainability.

The introduction of the $INK token is a strategic move by the Ink Foundation to bolster its layer 2 network. By utilizing Optimism technology, the foundation aims to offer faster and more cost-effective transactions compared to traditional Ethereum networks. This innovation is expected to attract more users and developers to the Ink network, fostering a vibrant DeFi ecosystem.

The capped supply of 1 billion $INK tokens ensures that the token remains scarce, potentially increasing its value over time. This scarcity, combined with the efficiency and speed of the layer 2 network, positions the $INK token as a valuable asset within the DeFi space. The Ink Foundation's decision to back the token with Kraken's support adds credibility and stability to the project, making it an attractive option for investors and users alike.

The launch of the $INK token marks a significant milestone for the Ink Foundation and the broader DeFi community. By providing a scalable and efficient solution for DeFi services, the Ink network aims to address some of the key challenges faced by the Ethereum network, such as high transaction fees and slow processing times. This development is likely to spur further innovation and adoption within the DeFi space, as more projects seek to leverage the benefits of layer 2 solutions.