{"id":171718,"date":"2023-11-07T19:56:00","date_gmt":"2023-11-07T18:56:00","guid":{"rendered":"https:\/\/www.islabit.com\/en\/?p=171718"},"modified":"2023-11-07T12:56:20","modified_gmt":"2023-11-07T11:56:20","slug":"kraken-develops-its-own-l2-blockchain-to-compete-with-coinbase","status":"publish","type":"post","link":"https:\/\/www.islabit.com\/en\/171718\/kraken-develops-its-own-l2-blockchain-to-compete-with-coinbase.html","title":{"rendered":"Kraken develops its own L2 blockchain to compete with Coinbase"},"content":{"rendered":"\n<ul class=\"has-background wp-block-list\" style=\"background-color:#8dd2fc3b\">\n<li><strong>Kraken ventures into the development of its layer 2 (L2) blockchain in confidence.<\/strong><\/li>\n<span hidden class=\"__iawmlf-post-loop-links\" data-iawmlf-links=\"[{&quot;id&quot;:507,&quot;href&quot;:&quot;https:\\\/\\\/www.islabit.com\\\/180154\\\/coinbase-lanza-base-su-producto-de-escalado-de-ethereum-con-tecnologia-optimism.html&quot;,&quot;archived_href&quot;:&quot;http:\\\/\\\/web-wp.archive.org\\\/web\\\/20251015081023\\\/https:\\\/\\\/www.islabit.com\\\/180154\\\/coinbase-lanza-base-su-producto-de-escalado-de-ethereum-con-tecnologia-optimism.html&quot;,&quot;redirect_href&quot;:&quot;&quot;,&quot;checks&quot;:[{&quot;date&quot;:&quot;2026-02-07 02:04:16&quot;,&quot;http_code&quot;:200},{&quot;date&quot;:&quot;2026-02-26 01:12:01&quot;,&quot;http_code&quot;:404},{&quot;date&quot;:&quot;2026-03-28 13:04:30&quot;,&quot;http_code&quot;:404},{&quot;date&quot;:&quot;2026-04-11 16:21:04&quot;,&quot;http_code&quot;:404},{&quot;date&quot;:&quot;2026-04-16 09:49:42&quot;,&quot;http_code&quot;:404},{&quot;date&quot;:&quot;2026-04-19 10:38:34&quot;,&quot;http_code&quot;:404},{&quot;date&quot;:&quot;2026-04-22 21:29:54&quot;,&quot;http_code&quot;:404},{&quot;date&quot;:&quot;2026-04-30 01:29:26&quot;,&quot;http_code&quot;:404},{&quot;date&quot;:&quot;2026-05-05 16:50:02&quot;,&quot;http_code&quot;:404},{&quot;date&quot;:&quot;2026-05-10 10:59:17&quot;,&quot;http_code&quot;:404},{&quot;date&quot;:&quot;2026-05-15 15:13:39&quot;,&quot;http_code&quot;:404},{&quot;date&quot;:&quot;2026-05-20 14:08:11&quot;,&quot;http_code&quot;:404},{&quot;date&quot;:&quot;2026-05-26 03:35:35&quot;,&quot;http_code&quot;:404},{&quot;date&quot;:&quot;2026-05-29 07:34:00&quot;,&quot;http_code&quot;:404},{&quot;date&quot;:&quot;2026-06-06 11:02:14&quot;,&quot;http_code&quot;:404},{&quot;date&quot;:&quot;2026-06-27 05:31:15&quot;,&quot;http_code&quot;:404}],&quot;broken&quot;:true,&quot;last_checked&quot;:{&quot;date&quot;:&quot;2026-06-27 05:31:15&quot;,&quot;http_code&quot;:404},&quot;process&quot;:&quot;done&quot;},{&quot;id&quot;:508,&quot;href&quot;:&quot;https:\\\/\\\/www.coingecko.com\\\/research\\\/publications\\\/fastest-growing-layer-2&quot;,&quot;archived_href&quot;:&quot;http:\\\/\\\/web-wp.archive.org\\\/web\\\/20250516212525\\\/https:\\\/\\\/www.coingecko.com\\\/research\\\/publications\\\/fastest-growing-layer-2&quot;,&quot;redirect_href&quot;:&quot;&quot;,&quot;checks&quot;:[{&quot;date&quot;:&quot;2026-02-07 02:04:18&quot;,&quot;http_code&quot;:403},{&quot;date&quot;:&quot;2026-03-28 13:04:28&quot;,&quot;http_code&quot;:403},{&quot;date&quot;:&quot;2026-04-11 16:21:03&quot;,&quot;http_code&quot;:403},{&quot;date&quot;:&quot;2026-04-19 01:57:44&quot;,&quot;http_code&quot;:403},{&quot;date&quot;:&quot;2026-04-22 21:29:53&quot;,&quot;http_code&quot;:403},{&quot;date&quot;:&quot;2026-04-30 01:29:27&quot;,&quot;http_code&quot;:403},{&quot;date&quot;:&quot;2026-05-05 17:56:53&quot;,&quot;http_code&quot;:403},{&quot;date&quot;:&quot;2026-05-10 10:59:20&quot;,&quot;http_code&quot;:403},{&quot;date&quot;:&quot;2026-05-15 15:13:39&quot;,&quot;http_code&quot;:403},{&quot;date&quot;:&quot;2026-05-20 14:08:14&quot;,&quot;http_code&quot;:403},{&quot;date&quot;:&quot;2026-05-26 03:42:00&quot;,&quot;http_code&quot;:403},{&quot;date&quot;:&quot;2026-05-29 07:34:02&quot;,&quot;http_code&quot;:503},{&quot;date&quot;:&quot;2026-06-06 11:02:14&quot;,&quot;http_code&quot;:200}],&quot;broken&quot;:false,&quot;last_checked&quot;:{&quot;date&quot;:&quot;2026-06-06 11:02:14&quot;,&quot;http_code&quot;:200},&quot;process&quot;:&quot;done&quot;}]\"><\/span>\n\n\n<li><strong>Coinbase&#8217;s successful Base testnet, built on Ethereum, sets a standard.<\/strong><\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">The well-known American cryptocurrency exchange, Kraken, is in the process of developing its own layer 2 (L2) blockchain confidentially.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Kraken aims to compete with Coinbase<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">It aims to compete directly with Coinbase, one of the leading <a href=\"https:\/\/www.islabit.com\/en\/168991\/how-to-buy-and-sell-cryptocurrency-using-coinbase.html\" target=\"_blank\" rel=\"noreferrer noopener\">cryptocurrency exchange<\/a> platforms in the world, which successfully <a href=\"https:\/\/www.islabit.com\/180154\/coinbase-lanza-base-su-producto-de-escalado-de-ethereum-con-tecnologia-optimism.html\" target=\"_blank\" rel=\"noreferrer noopener\">launched its Base testnet<\/a> in February 2023.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Even though Kraken has kept the precise details of its Layer 2 blockchain project under lock and key, sources close to the project have confirmed its authenticity.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">By partnering with leading companies in the blockchain technology space, such as Polygon, Nil Foundation and Matter Labs, Kraken demonstrates its commitment to competing in an ever-changing market.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Coinbase&#8217;s success with Base<\/strong><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Coinbase has demonstrated the potential of Layer 2 blockchains with the success of Base, a Layer 2 network built on Ethereum that attracted one million unique addresses in its <a href=\"https:\/\/www.coingecko.com\/research\/publications\/fastest-growing-layer-2\" target=\"_blank\" rel=\"noreferrer noopener\">first 11 days<\/a> of launch.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">This achievement highlights the growing adoption and rapid expansion rate of Layer 2 networks. In contrast, early Layer 2 networks, such as Arbitrum and Optimism, took much longer to achieve this goal.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Kraken&#8217;s announcement promises to inject more excitement and competition into the layer 2 blockchain space.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Future of L2 Blockchains<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">As Kraken prepares to challenge Coinbase and increase its influence in the cryptocurrency world, investors and enthusiasts are looking forward to how this story will unfold.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The future of layer 2 blockchains is glimpsed with the main companies competing to lead this technological revolution in continuous expansion. Stay tuned for new updates as this intriguing crypto tale unfolds.<\/p>\n<div style=\"color: ; background-color: #EFEFEF; padding: 10px; border-radius: 10px; border: 2px solid #D48700; font-size: 0.8em;\"><b>Disclaimer:<\/b> The content and links provided in this article are for informational purposes only. islaBit does not offer legal, financial or investment recommendations or advice, nor is it a substitute for the due diligence of each interested party. islaBit does not endorse any investment or similar offer promoted here. Some of the postings may be promoted by interested third parties.<\/div>","protected":false},"excerpt":{"rendered":"<p>The well-known American cryptocurrency exchange, Kraken, is in the process of developing its own layer 2 (L2) blockchain confidentially. Kraken aims to compete with Coinbase It aims to compete directly with Coinbase, one of the leading cryptocurrency exchange platforms in the world, which successfully launched its Base testnet in February 2023. Even though Kraken has &#8230; <a title=\"Kraken develops its own L2 blockchain to compete with Coinbase\" class=\"read-more\" href=\"https:\/\/www.islabit.com\/en\/171718\/kraken-develops-its-own-l2-blockchain-to-compete-with-coinbase.html\">Read more <span class=\"screen-reader-text\">Kraken develops its own L2 blockchain to compete with Coinbase<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":171719,"comment_status":"open","ping_status":"0","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,6],"tags":[57,76,56],"class_list":["post-171718","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrencies","category-news","tag-exchanges","tag-finance","tag-investment"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Kraken develops its own L2 blockchain to compete with Coinbase - islaBit<\/title>\n<meta name=\"description\" content=\"Kraken is developing its own layer 2 blockchain to take on Coinbase. 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