Upbit Launches Giwa Testnet to Supercharge Ethereum Transactions

Crypto exchange Upbit has just launched its Ethereum Layer-2 solution, Giwa, on a testnet. This move aims to dramatically improve transaction speed and reduce fees, creating a smoother user experience for the platform. Giwa leverages Optimism’s OP Stack, which allows for near-instant transactions with one-second block times. The South Korean exchange’s strategic move positions it as a key player in the Ethereum ecosystem.