🌎 Ink Layer-2 Blockchain Goes Live

Layer-2 Blockchain Ink Goes Live Ahead of Schedule, Partners with Oracle Platform RedStone

In a significant development in the Web3 ecosystem, Ink, a layer-2 blockchain developed by crypto exchange Kraken, has launched its mainnet on December 18, months ahead of its previously announced Q1 2025 debut. The platform has partnered with oracle platform RedStone to provide decentralized finance (DeFi) solutions.

RedStone Partnership and Oracle Network

RedStone, backed by Arrington Capital, will leverage its modular architecture to provide real-time price feed data to the Ink ecosystem. This partnership will enable users to securely interact with and utilize accurate, real-time data across the DeFi ecosystem, including Bitcoin staking.

RedStone’s oracle network offers cross-chain data feeds across Ethereum, Avalanche, and Polygon ecosystems. The network utilizes the decentralized data storage platform Arweave for permanent data storage, enhancing its reliability.

Ink’s Blockchain Architecture

Ink’s blockchain architecture is optimized for deploying on-chain protocols with fast block times, low transaction fees, and robust interoperability. As part of Ethereum’s scaling solutions landscape, Ink’s infrastructure is designed to bridge Ethereum and DeFi protocols effectively.

Ink has enabled engineers to create the next generation of DeFi applications and protocols. With RedStone as one of our oracle partners, builders have access to reliable data, custom solutions and BTCfi related feeds that will foster the growth of the Ink ecosystem and accelerate the move on-chain.

Launch and Community Support

According to the Ink team, the decision to launch ahead of schedule was driven by strong demand from builders and community support. The testnet phase saw millions of transactions and thousands of wallet connections, highlighting robust engagement and readiness for the mainnet debut.

Key benefits of the Ink and RedStone partnership include: