# Kraken Joins L2 Fray

*Author: Bankless*
*Published: Oct 24, 2024*
*Source: https://www.bankless.com/es/kraken-joins-l2-fray*

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Kraken Joins L2 Fray
    
  

  
  Published on Oct 24, 2024

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      NEED TO KNOW
    
    
  
  
    
Base Eyes New Milestone
  

  

 

[![](https://storage.ghost.io/c/e4/b7/e4b77544-5a37-4f0b-8824-8440aa348476/content/images/2024/10/Group-14---2024-10-24T152023.423.png)](https://www.bankless.com/dashboard)- 🔵** Fault Proofs Go Live on Base Mainnet Next Week.** Base [takes a big step](https://www.bankless.com/fault-proofs-go-live-on-base-mainnet) towards full decentralization.
- **🤲 Michael Saylor Walks Back Bitcoin Custody Comments.** After facing a wave of criticism, Saylor has '[clarified](https://www.bankless.com/michael-saylor-backtracks)' his Bitcoin custody remarks.
- 🕸️ **Chainlink Enters Bitcoin Ecosystem with Spiderchain Integration. **Chainlink oracles [are coming to Bitcoin](https://www.bankless.com/chainlink-bitcoin-spiderchain-l2) thanks to a new integration with the Spiderchain L2.

.  .  .

 
  
    
      
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    MARKET VIBES

  
  

Back Again
  
   
     
   
     
    
 

**📸 Daily Market Snapshot: **While bitcoin has already round-tripped most of yesterday's losses in trading today, ETH is still depressed with a more limited bounceback.

Prices as of 4pm ET
24hr
7d

 

       ![](https://banklesspublic.b-cdn.net/cmc.png)
    

  **Crypto**
   
          $2.32T
       

  
    
    ↗ 2.3%
    
  

   
    
    ↗ 1.3%
    
  

       ![](https://banklesspublic.b-cdn.net/btc.png)
    

  **BTC**
   
          $68,259
       

  
    
    ↗ 2.9%
    
  

   
    
    ↗ 2.0%
    
  

       ![](https://banklesspublic.b-cdn.net/eth.png)
    

  **ETH**
   
          $2,531
       

  
    
    ↗ 1.1%
  

   
    
    ↘ 2.6%
  

       ![](https://s2.coinmarketcap.com/static/img/coins/64x64/18876.png)
    

  **APE**
   
          $1.15
       

  
    
    ↘ 5.2%
    
  

   
    
    ↗ 63.6%

    
  

  

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🙈**New Token Rating: ApeCoin** more than doubled over the weekend on the ApeChain launch, but token price has been fading out since Monday. Which way will APE break next?[Unlock APE on Token Hub](https://www.bankless.com/tools/token-hub/apecoin)

.  .  .

 
  
    

ANALYSIS

  
  
    
Unpacking Kraken's New Superchain L2 'Ink'
  
  
   
     
     Bankless Author: 
     
       [
       
        Kazu Umemoto](https://www.bankless.com/author/kazu)
     
    
 

[![](https://storage.ghost.io/c/e4/b7/e4b77544-5a37-4f0b-8824-8440aa348476/content/images/2024/10/image---2024-10-24T132133.479.png)](https://www.bankless.com/unpacking-krakens-new-superchain-l2-ink)One of the biggest trends in DeFi this past year has been the steady rise of Coinbase's Base network. But after surging into the pole position for L2s by total value locked (TVL), Base now has a pretty clear target on its back.

Kraken is ready to join the fray.

The centralized exchange is set to release a new rollup, "[**Ink**](https://x.com/inkonchain/status/1849443457883885801)," built on the OP Stack. Following the much-hyped announcement of Unichain, Kraken is now stepping into the growing Superchain ecosystem.

*Let's dig into what Kraken is building with Ink, why they picked the Superchain, and how Ink plans to stand out in an increasingly jam-packed rollup ecosystem. *👇

[Read More on Bankless.com](https://www.bankless.com/unpacking-krakens-new-superchain-l2-ink)
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