🔥 Upbit can't help but join the L2 game, what big moves does the new chain Giwa have?
The Giwa chain launched by Upbit is based on the OP Stack, with a block time of 1 second, directly competing with Base.
Currently in the testnet phase, the mainnet is being prepared, and there may also be a launch of its own Giwa Wallet.
What’s worth noting is that it’s said that a Korean won stablecoin will be integrated later; if realized, it would be a national-level project personally promoted by the president.
Upbit itself has a daily trading volume of 2.2 billion USD. Although its services are limited to the local market, it has huge traffic and compliance advantages in the Asian market. If the exchange's traffic + policy support + stablecoin come together, this combination could turn Giwa into the "Korean version of Base."
At the end of a bull market, exchange chains often have more imagination than purely new public chains. Could Korean chains become the next small trend?
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