Ink Foundation Unveils INK Token to Power Layer-2 DeFi, Despite Challenging Market
The Ink Foundation, creator of the Ink layer-2 blockchain, is preparing to launch its native token, INK, to jumpstart onchain capital markets with a liquidity-first approach.
INK will initially launch via an airdrop tied to a decentralized lending and trading platform integrated with Aave. The foundation has capped total supply at one billion tokens, ruling out any future increases through governance votes.
Unlike other Superchain networks, Ink says its governance will remain separate from the token. Its first use case will be as the native asset of a liquidity protocol on the Ink chain, aimed at facilitating lending and capital deployment.
While specific airdrop details remain under wraps, the foundation insists it has measures in place to discourage airdrop farming.
Still, INK enters a crowded landscape where many recent token launches—including those from Linea, Blast, Celestia, and Berachain—have faced post-launch sell pressure despite high-profile backing.
Currently, Ink’s ecosystem holds around $7 million in total value locked, with only $93 in revenue over the past day, per DefiLlama data, signaling low adoption so far.
By integrating directly with Aave governance and launching alongside a functional product, Ink hopes to stand out in an otherwise sluggish token market.
