Upbit Launches Giwa Ethereum Layer-2 Testnet: Expanding Beyond Trading

Upbit, South Korea’s leading cryptocurrency exchange, has announced the launch of its own Ethereum layer-2 network, Giwa. This testnet enables one-second transaction speeds and offers the potential for a shift in Upbit’s role from just a trading platform to a Web3 infrastructure provider. Giwa is built on the Optimism OP Stack, ensuring EVM compatibility while offering fast settlement on Ethereum. The project has been under development for several weeks with over four million blocks already added, according to Github activity. ➡️ Learn more about Giwa here: [https://www.upbit.com/](https://www.upbit.com/)