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If you think the Ethereum L2 space is overcrowded, perhaps you’re not thinking big enough.

Granted, there are now more than 100 different satellite blockchains orbiting Ethereum mainnet, per L2Beat. 

Kraken is preparing to launch one more, Ink, which it aims to deploy on Optimism’s Superchain. It will be the Superchain’s 24th fully participating network.

L2s generally process transactions offchain — where it’s much cheaper — and periodically transmute them to Ethereum for proper settlement. 

The low fees and speed free developers to build apps that are otherwise too unwieldy…

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