Upbit is making significant strides in the blockchain space with the introduction of Giwa, its proprietary Ethereum Layer-2 network, which has officially launched on testnet. This announcement, made during the Upbit D Conference 2025, highlights the exchange's commitment to expanding its role in the Web3 ecosystem. The publication provides the following information:
Launch of Giwa: A Pivotal Moment for Upbit
The launch of Giwa marks a pivotal moment for Upbit as it seeks to enhance its infrastructure capabilities. By developing its own Layer-2 solution, the exchange aims to improve transaction speeds and reduce costs for users, positioning itself as a competitive player in the rapidly evolving blockchain landscape.
Broader Strategy: Diversifying Offerings
In addition to improving trading efficiency, Upbit's move into Layer-2 solutions reflects a broader strategy to diversify its offerings beyond traditional trading services. The exchange is looking to establish itself as a vital infrastructure provider in the Web3 space, catering to the growing demand for scalable and efficient blockchain solutions.
Testnet Launch: Opportunities for Developers and Users
As the testnet goes live, developers and users will have the opportunity to explore Giwa's features and capabilities. Upbit's initiative is expected to attract more projects and developers to its platform, further solidifying its presence in the decentralized finance (DeFi) and broader blockchain community.
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