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Kraken Ethereum L2Hype Score: 86 — No Token Yet — June 2026

Ink by Kraken Airdrop Guide 2026
How to Farm Kraken's Ethereum L2

Ink is Kraken's Ethereum Layer 2 — the exchange-backed L2 answer to Coinbase's Base. Mainnet is live. No token has been issued. Here is the complete guide to building on-chain history before a snapshot is taken.

Kraken
Parent Exchange
OP Stack
Built on Optimism
2024
Mainnet Launch
86
Hype Score
Mainnet Live — No Token — Early Window Open

Ink mainnet launched in late 2024. The network is live with real ETH gas and real transactions. No token has been issued. Every on-chain action you take now is building history for a potential future distribution — and you are still early.

What Is Ink?

Ink is an Ethereum Layer 2 blockchain built by Kraken, one of the largest and longest-running cryptocurrency exchanges. It uses the OP Stack — the same modular framework that powers Optimism, Base, Soneium, and more than 20 other major L2s.

The comparison to Base is intentional and direct. When Coinbase launched Base in August 2023, it gave the exchange a native blockchain for building on-chain products, DeFi integrations, and user onboarding flows. Kraken is doing the same thing with Ink. Both are OP Stack, both are exchange-backed, and both target the massive user bases of their parent companies.

Kraken has over 10 million registered usersand processes billions in trading volume. If even a fraction of those users get onboarded to Ink — through in-app withdrawals, yield products, or native integrations — the chain's user base will grow rapidly. Being an early on-chain user before that wave arrives is the entire opportunity.

Why Exchange-Backed L2s Are High-Value Farming Targets

Base (Coinbase), Ink (Kraken), and Soneium (Sony) all share the same pattern: a large institution with millions of users built a public L2 with no token yet. Exchange-backed L2s have the advantage of a built-in user acquisition channel — the parent exchange. Early on-chain users have the longest history before any distribution announcement.

Token Status

ItemStatusNotes
Ink Native TokenNot LaunchedNo token announced as of June 2026
Ink MainnetLiveLaunched late 2024 on OP Stack
ETH BridgeLiveinkonchain.com bridge + third-party bridges
Velodrome DEXLiveLeading OP Stack DEX deployed on Ink
Aave LendingLiveSupply and borrow ETH/USDC on Ink
Kraken Exchange IntegrationIn ProgressNative Ink withdrawals from Kraken planned

Why Ink Will Likely Launch a Token

Base has not launched a token yet either — but the expectation is universal among crypto users. Ink is in the same position. The economic logic is clear: a token lets Kraken incentivize on-chain activity, reward liquidity providers, build a governance layer, and create ecosystem growth mechanisms that a pure exchange model cannot.

The OP Stack superchain model also factors in. Optimism's vision is a network of L2s that share revenue with the OP Collective and distribute OP tokens as ecosystem incentives. Chains built on the OP Stack may benefit from both their own distributions and Optimism-level airdrops for superchain activity.

Step-by-Step: How to Farm Ink in 2026

1

Bridge ETH to Ink Mainnet

Go to the official Ink bridge (inkonchain.com) and bridge ETH from Ethereum mainnet to Ink. Even 0.01 ETH is enough to get started. Bridging is your first on-chain record on the network. Do this monthly to keep your bridge activity current. You can also use third-party bridges like Relay or Across that support Ink.

2

Swap Tokens on Velodrome

Velodrome is the leading DEX on OP Stack chains and is deployed on Ink. Swap ETH for any Ink ecosystem token weekly. Velodrome rewards liquidity providers with VELO emissions — providing liquidity is an additional layer of activity beyond simple swaps. Weekly swaps build consistent trading volume history.

3

Supply and Borrow on Aave

Aave is deployed on Ink. Supply ETH or USDC as collateral, then borrow a small amount against it. DeFi protocol interactions — especially lending — are heavily weighted in L2 airdrop criteria. Even small positions ($20-50) that are maintained for months create meaningful protocol engagement history.

4

Use 5+ Different Ink Ecosystem Protocols

Visit the Ink ecosystem page (inkonchain.com/ecosystem) and interact with at least 5 different dApps. Each unique protocol interaction adds to your protocol diversity count — a key criterion in every major L2 airdrop. Spread your activity across DEXes, lending, NFTs, and any Kraken-native tools deployed on Ink.

5

Provide Liquidity on a Velodrome Pool

Add liquidity to an ETH/USDC or ETH/token pool on Velodrome Ink. LP positions signal deeper commitment than simple swaps — every major OP Stack L2 airdrop has rewarded liquidity providers at a higher rate than swap-only users. Maintain the position for at least one month.

6

Maintain Weekly On-Chain Activity

At minimum one transaction per week — a swap, a bridge, or a DeFi interaction. Ink mainnet launched late 2024. Users active from early 2025 have 12-18 months of history by mid-2026. Do not stop after initial setup. Consistency over time is what separates the top allocation tier from the minimum tier in every retroactive drop.

Ink vs Base vs Soneium

ChainParentParent UsersLaunch DateTokenTVL Maturity
BaseCoinbase100M+Aug 2023NoneHigh
InkKraken10M+Late 2024NoneEarly
SoneiumSony100M+ (PS)Jan 2025NoneEarly

Ink sits between Base (more established, larger TVL) and Soneium (similar launch date, different use case focus). The three represent different verticals: Base targets crypto-native DeFi users, Ink targets Kraken's exchange user base, and Soneium targets Sony's entertainment consumers. Farming all three is a diversified OP Stack strategy.

Estimated Reward Tiers

TierActivity ProfileEstimated AllocationComparable
Tier 1 — Basic1 bridge, few txs$50–$300Base minimum
Tier 2 — ActiveMonthly bridges, 5+ protocols, 6+ months$300–$2,000Optimism median
Tier 3 — Power UserWeekly activity, LP positions, 12+ months$2,000–$8,000Arbitrum top 20%
Tier 4 — OGActive since 2024 launch, high tx count, LP$8,000+Hyperliquid OG tier
Minimum Weekly Routine

Every week: one swap on Velodrome. Every month: one bridge + one Aave interaction. Maintain an active LP position. This takes under 15 minutes per week and builds a 12-month profile. Gas on Ink L2 is minimal — under $1 per transaction.

Frequently Asked Questions

What is Ink by Kraken?

Ink is an Ethereum Layer 2 blockchain built by Kraken, one of the largest and oldest cryptocurrency exchanges. It uses the OP Stack — the same infrastructure as Optimism, Base, and Soneium. Ink mainnet launched in late 2024. Like Base (Coinbase's L2), Ink gives Kraken a native blockchain to build exchange features, DeFi tools, and on-chain products directly.

Has Ink launched a token?

No. As of June 2026, Ink has not launched a native token. The chain uses ETH as its gas token. Every comparable exchange-backed L2 has either launched or is expected to launch an ecosystem token — Base, Blast, and Linea being the closest comparables. Users building on-chain history on Ink now are positioning for any future distribution.

Is Ink the same as Kraken?

Ink is a blockchain product built by Kraken. It is a separate chain from the Kraken exchange itself. You interact with Ink by bridging ETH from Ethereum mainnet to the Ink network and using dApps deployed there. Kraken exchange accounts and Ink on-chain activity are separate — having a Kraken account does not automatically qualify you for an Ink-related airdrop.

What DeFi protocols are live on Ink?

Ink has a growing DeFi ecosystem including Velodrome (the leading DEX on OP Stack chains), Aave (lending), and other protocols that have deployed on the network. The OP Stack ecosystem means many protocols that run on Base or Optimism also support Ink.

How does Ink compare to Base?

Both are OP Stack L2s backed by major centralized exchanges — Base by Coinbase, Ink by Kraken. Base launched earlier (August 2023) and has significantly higher TVL and user activity. Ink is earlier-stage, which means the ratio of farmers to real users is lower — potentially meaning larger allocations per active wallet if a token is distributed.

What is the Kraken connection to Ink?

Kraken is the parent company that built and launched Ink. Kraken has over 10 million registered users and processes billions in trading volume. If Kraken integrates Ink into its exchange — allowing users to withdraw directly to Ink, or earn yield on Ink protocols — the user base growth could be significant. Early on-chain users would have the longest history.

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