Kraken will launch a layer-2 network called Ink using Optimism's OP Stack, joining other participants in the Superchain ecosystem, including Coinbase and Sony.
The deal involved a grant of 25 million OP tokens, initially valued at about $100 million, now worth approximately $42.5 million, highlighting volatility.
Andrew Koller stated that the grant amount was proposed by Optimism and aligns with other funding agreements within the Superchain ecosystem.
Layer-2 networks have gained traction in the Ethereum ecosystem over the past year as developers seek to enhance scalability and transaction speeds.
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