Recently, the Kraken exchange @tydrohq has been skyrocketing in popularity. The reason? This top 20 global exchange has been making big moves: completing two rounds of funding totaling $800 million, undergoing major team adjustments, and seeing explosive growth in the total value locked (TVL) of its ecosystem chain INK—surging by nearly $300 million in a single month. What’s even more noteworthy is that Kraken has officially started preparations for its IPO. Combined with the debut of its compliant ICO platform, Kraken Launch, the multiple positive catalysts have created a stunning October performance. Kraken’s spot trading volume soared by 50% month-over-month. Beyond the platform’s debut success, the explosive growth of Kraken’s own Layer 2 chain, INK, is equally impressive. Data shows that as of October 15, INK’s TVL was around $7 million, but in just two weeks, it skyrocketed 40x to approximately $300 million, with ecosystem projects gradually coming into view.