INK Token Airdrop- Optimism Superchain’s Ink Network Hits New Milestones

INK Token Airdrop– Kraken’s Layer 2 blockchain, Ink, built on Optimism’s Superchain, is seeing rapid growth ahead of the anticipated launch of its native INK token.

Transaction Activity Hits New Highs

Activity on the Ink network has surged in recent weeks. According to Dune Analytics, daily transactions crossed 500,000, and the number of active smart contracts has nearly doubled since May, hitting 6,000 contracts on June 18. This spike follows the Ink Foundation’s announcement of the INK token, which will have a fixed supply of 1 billion tokens and feature a community airdrop via a liquidity pool on Aave.

Despite the increase in usage, Ink’s total value locked (TVL) remains relatively modest at under $8 million, signaling significant potential for growth in capital inflow.

EVM Compatibility and Developer Incentives

Launched in December 2024, Ink is fully EVM-compatible, allowing developers to port Ethereum-based applications while benefiting from lower fees and faster transaction speeds. This compatibility could help attract a broader ecosystem of decentralized applications (dApps) to the network.

The INK token will not play a role in governance decisions.

Positioning in the Superchain Ecosystem

Ink is part of Optimism’s Superchain, a growing network of interconnected Layer 2s that includes Base, Uniswap’s L2, and projects from Sony and Worldcoin. With its technical foundation and backing by Kraken, Ink is emerging as a potential competitor to Base, developed by rival exchange Coinbase.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Cryptocurrencies and stocks, particularly in micro-cap companies, are subject to significant volatility and risk. Please conduct thorough research before making any investment decisions.