Upbit Prepares to Launch ‘Giwa’ Blockchain Network, Impacting Korean Web3 Infrastructure

Leading South Korean crypto exchange Upbit has announced a countdown for its upcoming blockchain network, ‘Giwa’, set to launch in September 2025. The new network is poised to significantly reshape Korea’s web3 landscape, with potential ramifications on Ethereum Layer 2 systems and the broader cryptocurrency market. Upbit’s strategic move involves key partners Dunamu and trademark filings for ‘Giwa’. A detailed presentation of the Giwa Network will be made at the Upbit Developer Conference scheduled for September 2025.