🇰🇷 Upbit Launches GIWA: Korea's Dominant Exchange Builds Ethereum L2
🇰🇷 Upbit Launches GIWA: Korea's Dominant Exchange Builds Ethereum L2
🏗️ Korea's biggest exchange just...

Upbit, South Korea's leading cryptocurrency exchange with 73% market share and $2.5B daily volume, has launched its own blockchain called GIWA (Global Infrastructure for Web3 Access).
Key Technical Details:
- Ethereum Layer 2 built on OP Stack
- 1-second block times
- Full EVM compatibility
- No native token (similar to Base)
Market Context: Korea processed $1 trillion in crypto volume last year through Upbit. The exchange is now building infrastructure to support this massive flow.
Current Status:
- Testnet is live
- Airdrop details to be announced
The name "GIWA" references traditional Korean roof tiles - individually small but unbreakable when stacked together.
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