Kraken's Ink Surges: 80% User Retention, Cross-Chain Interactions Boost

Generated by AI AgentCoin World
Friday, Feb 7, 2025 4:55 pm ET1min read
ETH--

Kraken’s Ink, a Layer 2 blockchain built on the Optimism Superchain, has witnessed a remarkable surge in active addresses since late January 2025. The platform has maintained user retention rates above 80%, indicating a strong user base and daily engagement.

InkChain, the native blockchain of Kraken’s Ink, supports SuperchainERC20 tokens. This feature enhances cross-chain interactions and EVM compatibility within the DeFi space, creating a more seamless experience for users and developers.

Launched on December 18, Ink leverages Ethereum’s scalability framework, operating as a seamless L2 blockchain while maintaining full compatibility with EVM-based applications. This compatibility allows developers to easily deploy existing Ethereum applications with the added benefits of lower transaction costs and faster speeds.

The explosive growth of Kraken’s Ink as a DeFi powerhouse is a promising sign for the future of the platform. Its ability to attract and retain users, along with its seamless cross-chain interactions and EVM compatibility, positions it as a strong contender in the rapidly evolving DeFi landscape.

Quickly understand the history and background of various well-known coins

Latest Articles

Stay ahead of the market.

Get curated U.S. market news, insights and key dates delivered to your inbox.