Required Legal Notice: Virtual currencies, real risks. The only guarantee in crypto is risk. Read more

Required Legal Notice: Virtual currencies, real risks. The only guarantee in crypto is risk. Warning: The value of your virtual currencies can rise or fall sharply, and your initial investment may be lost completely; virtual currencies are not covered by the guarantee funds that cover bank deposits; there is no legal mechanism on the virtual currencies market to prevent market manipulation or insider dealing; virtual currencies depend entirely on a specific computer technology and infrastructure, which in certain cases may be very recent and not yet adequately tested; if one loses the identification code or password giving access to the virtual wallet in which the virtual currency is stored, the currency held therein will be irretrievably lost; virtual currencies are currently accepted as a means of payment to a limited extent, and in most countries there is no legal obligation to accept them; for more information about the risks associated with an investment in virtual currencies, we advise you to read the Wikifin page What is a cryptocurrency? | Wikifin.

Gas fees and transaction speed on Ink

Last updated: 2 красавіка 2025 г.

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Transaction time:	1 second
Average gas fee:	Less than 0.000001 ETH

Ink is Kraken’s Layer 2 (L2) chain, built on the Optimism Superchain. Ink is designed to provide both lower transaction costs and faster confirmations. This article explains how Ink achieves these benefits and how you can verify your transaction details on the block explorer using Kraken Wallet.

How Ink delivers low gas fees and fast transaction speeds

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Efficient transaction processing: Ink processes transactions off the main Ethereum chain. This reduces network congestion and allows Ink to maintain consistently low gas fees, even when overall blockchain activity is high.
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Quick block times: Ink is engineered to finalize blocks in one second, with sub-second block times coming soon. This means that once you submit a transaction, it is confirmed almost immediately. The fast confirmation times are particularly useful for activities that require rapid processing, such as token transfers or swaps on a decentralized exchange.

Viewing transactions in Kraken Wallet

Kraken Wallet can point you directly to Ink’s block explorer, allowing you to analyze your transactions with ease. Here’s how you can access transaction details on Kraken Wallet:

1
Open Kraken Wallet: Open and unlock your Kraken Wallet, then drag the assets section down. This will reveal your recent transaction activity. (3 most recent)
2
Find the transaction: If the transaction is one of your last three transactions, you may select it from the home page. To view your full activity history, tap All history.
3
View the transaction on the block explorer: Tap on the transaction you’d like to view on the block explorer. Then, simply tap View in explorer to open the transaction on the Ink block explorer.

Gas fees and transaction speed on Ink

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