giwa

Upbit unveils a partnership with Optimism on GIWA Chain

Upbit partners with #Optimism to develop #GIWA Chain, an #Ethereum #Layer2 built on the #OPStack . GIWA Chain is now live on testnet, with a mainnet launch planned next. GIWA Layer 2 will launch under the Self-Managed tier of OP Enterprise, giving Upbit direct control over network operations, including the sequencer and transaction fees. Optimism Foundation will provide monitoring, failover support, and technical guidance, helping GIWA balance operational independence with institutional-grade resilience.

👉 optimism.io/blog/dunamu-just-signed-an-mou-on-giwa-chain.-korea-s-largest-exchange-is-picking-a-side-on-infrastructure

The kimchi gang is getting its own turf now, as Upbit teams up with Optimism to launch GIWA Chain, clearly aiming to replicate the myth of Base in the L2 space.
When exchanges jump into the chain game, it's a major power move, considering they hold the most potent retail flow in the universe. The buying power of the Korean whales is something we all understand; once GIWA goes live, the liquidity is likely to skyrocket many projects. From a fundamentals standpoint, OP Stack has already become the de facto infrastructure standard for L2. The Superchain alliance is growing bigger and bigger, and the long-term value capture for OP is a solid bullish signal, with a moat that’s rock solid.
Can this wave of 'kimchi L2' turn out to be a dark horse? What does everyone think? #Upbit #Layer2 #GIWA $OP $ETH