UPBIT Launches its Own Ethereum Layer 2 Solution for Enhanced Scalability

South Korea’s leading cryptocurrency exchange, UPBIT, has taken a significant step by launching its own Ethereum layer 2 (L2) solution. This move is aimed at addressing scalability issues and reducing gas fees, offering users a smoother experience on the Ethereum network. UPBIT joins a growing list of exchanges investing in Ethereum’s scaling ecosystem. By building their own L2, they’re joining a trend where centralized exchanges are taking charge as both entry points and infrastructure providers within blockchain technology.