According to @dydxfoundation, the Ink Foundation is launching its INK token via an airdrop on an Aave-powered DeFi protocol, aiming to establish onchain capital markets with a liquidity-focused approach. The INK token has a hard cap of 1 billion and its governance will be separate from the layer 2 chain, a move to address concerns over token launches being used as exit liquidity, as cited in the report. However, the launch faces a challenging market where Ink's Total Value Locked (TVL) is just over $7 million, according to DefiLlama data. In parallel, DeFi Development Corp. (DFDV), a Nasdaq-listed firm with a Solana (SOL) treasury, is tokenizing its shares on the Solana network under the ticker DFDVx through Kraken's upcoming xStocks platform. This initiative taps into the growing Real-World Asset (RWA) tokenization trend, which a BCG and Ripple report estimates could become an $18.9 trillion market by 2033. These developments occur as market data shows both Solana (SOL) and Ethereum (ETH) are trading down, with SOL at approximately $149.16 (-1.37%) and ETH at $2,533.74 (-1.21%) over the past 24 hours.

According to Aggr News, a new Ethereum Layer 2 network incubated by Kraken is set to launch its INK token through an airdrop event, as reported by The Block. This development is expected to increase trading activity around ETH and related Layer 2 projects, generating potential volatility and arbitrage opportunities for traders. The airdrop could also drive higher on-chain activity and liquidity as users position themselves for eligibility, impacting Ethereum's (ETH) price and network utilization. Traders should monitor official channels for airdrop details and consider the effect on Layer 2 ecosystem tokens. Source: Aggr News via The Block.