• Advertise
  • Submit a Press Release
  • Contact Us
Blockchain & Cryptocurrencies Tabloid
  • Finance & Blockchain News
  • Bitcoin News
    Peter Thiel's Influence on Bitcoin Market

    Bitcoin’s Market Influence Grows Despite Lack of New Thiel Endorsement

    JPMorgan Integrates Crypto as Loan Collateral

    JPMorgan to Accept Bitcoin and Ether as Loan Collateral

    Sygnum Bank Plans Bitcoin-Backed Loan Platform Launch

    Sygnum Bank Plans Bitcoin-Backed Loan Platform Launch

    Dormant Bitcoin Wallet Sparks Market Speculations

    Bitcoin Miner Transfers 4,000 BTC From Dormant Wallet

    Bitcoin Investors See Higher 2025 Profits Amid Institutional Growth

    Bitcoin Investors See Higher 2025 Profits Amid Institutional Growth

    US-China Tariffs Cause Bitcoin Market Turmoil

    US-China Tariffs Cause Bitcoin Market Turmoil

  • Altcoin News
    • All
    • Bitcoin Cash
    • Cardano
    • EOS
    • Ethereum
    • Litecoin
    • Monero
    • Ripple
    • Stellar
    Ocean Protocol and Fetch.ai Token Dispute Resolved

    Ocean Protocol Returns $120M to Fetch.ai in Token Dispute

    HashJ Simplifies AI-Powered Crypto Mining Operations

    HashJ Simplifies AI-Powered Crypto Mining Operations

    21Shares SUI ETF Proposal at Nasdaq with Staking Component

    21Shares SUI ETF Proposal at Nasdaq with Staking Component

    EU Sanctions Russia-backed A7A5 Stablecoin

    EU Implements First Crypto Sanction on Russia-backed Stablecoin

    Polygon Co-Founder Criticizes Ethereum Foundation

    Polygon Co-Founder Criticizes Ethereum Leadership, Sparks Debate

    Trump Pardons Binance's Zhao: Crypto Market Reacts

    Trump Pardons Binance’s Zhao: Crypto Market Reacts

    Trending Tags

    • Ethereum
    • Bitcoin Cash
    • Litecoin
    • Monero
    • Ripple
  • Crypto 101
    • All
    • Cryptocurrencies
    • Exchanges
    • Services
    • Wallets
    Benefits Of Choosing the Right AI Trading Bot

    4 Benefits Of Choosing the Right AI Trading Bot

    Crypto Trading

    A Beginner’s Guide to Crypto Trading: Unlocking the World of Digital Coins

    BitcoinGames.com

    BitcoinGames.com Introduces the Ultimate Casino Gaming Experience with Bitcoin

    How AI is Helping Athletes and Fans Get the Most out of the Game

    From Training to Judging, AI is Entering the Ring

    Top 5 Websites for Buying Gift Cards with Crypto

    Clutch Savours – Gift Certificates You Can Buy with Crypto

    Layer 2 Blockchains

    Everything You Need To Know About Layer 2 Blockchains

  • Blockchain Events
No Result
View All Result
Blockchain & Cryptocurrencies Tabloid
No Result
View All Result

Upbit Launches Giwa Ethereum Layer-2 Testnet Chain

Joshua T. by Joshua T.
September 9, 2025
in Altcoin News
Upbit Launches Giwa Ethereum Layer-2 Testnet Chain

Upbit Launches Giwa Ethereum Layer-2 Testnet Chain

Key Points:
  • Upbit launches Ethereum Layer-2 chain, Giwa, on testnet.
  • Giwa targets 1-second block times.
  • Aims to enhance user experience and transaction speed.
upbit-launches-giwa-ethereum-layer-2-testnet-chain
Upbit Launches Giwa Ethereum Layer-2 Testnet Chain

Upbit, South Korea’s largest crypto exchange, launched its Ethereum Layer-2 chain GIWA on a testnet, promising faster transactions with sub-second block times.

GIWA positions Upbit to enhance its market share in Asia, potentially affecting Ethereum’s dynamics and extending DeFi capabilities.

Upbit has initiated the testnet phase for its Ethereum Layer-2 chain, Giwa. The project aims for 1-second block times to enhance transaction speeds and user experiences, competing with other major scaling solutions.

Dunamu, Upbit’s parent company, is at the helm of this initiative. The launch positions Upbit against competitors like BNB Chain and Base Network. With no public executive statements, information mainly comes from Upbit’s official announcements.

The introduction of Giwa may impact Ethereum (ETH) and corresponding assets. As a Layer-2 solution, it is especially relevant to DeFi activity in Asia. Initial market reactions remain observed through online forums and community discussions.

Financial implications remain speculative as no detailed funding or liquidity data has been disclosed. However, Giwa’s blockchain could influence regional DeFi infrastructure and stablecoin usage. No regulatory guidelines have yet been established.

With the testnet in early stages, substantial impacts are yet to surface. Upbit’s strategy echoes launches like Arbitrum, potentially increasing throughput. Expectations of evolving developer interest and onboarding strategies continue as the project unfolds.

Anticipated regulatory engagement and technological advancements could reshape the dynamics of Layer-2 solutions in the Asian market. Historical patterns suggest increased liquidity migration and DeFi experimentation, driving sustained interest in Ethereum network enhancements.

Upbit Communications Team, Upbit, – “Our commitment is to enhance user experience with Giwa’s one-second block times, positioning us strategically within the competitive landscape of Ethereum scaling solutions.”
Disclaimer:

The content on The CCPress is provided for informational purposes only and should not be considered financial or investment advice. Cryptocurrency investments carry inherent risks. Please consult a qualified financial advisor before making any investment decisions.

Previous Post

Solana-Based AgriDex Reports $9M Stablecoin Trades in Africa

Next Post

Arthur Hayes Reduces Crypto Holdings Amid Fed Rate Cut

Joshua T.

Joshua T.

Related Posts

Ocean Protocol and Fetch.ai Token Dispute Resolved

Ocean Protocol Returns $120M to Fetch.ai in Token Dispute

by Solomon M.
October 24, 2025

Ocean Protocol resolves token dispute with Fetch.ai by returning $120M in FET tokens amid liquidity impacts.

HashJ Simplifies AI-Powered Crypto Mining Operations

HashJ Simplifies AI-Powered Crypto Mining Operations

by Solomon M.
October 24, 2025

HashJ enhances AI-powered mining for BTC, DOGE, and SOL, removing technical barriers.

21Shares SUI ETF Proposal at Nasdaq with Staking Component

21Shares SUI ETF Proposal at Nasdaq with Staking Component

by Solomon M.
October 24, 2025

Nasdaq files for 21Shares SUI ETF, including staking, awaiting SEC approval.

EU Sanctions Russia-backed A7A5 Stablecoin

EU Implements First Crypto Sanction on Russia-backed Stablecoin

by Solomon M.
October 24, 2025

The EU's 19th sanctions focus on Russia's A7A5 stablecoin, impacting crypto exchanges and platforms.

Polygon Co-Founder Criticizes Ethereum Foundation

Polygon Co-Founder Criticizes Ethereum Leadership, Sparks Debate

by Solomon M.
October 24, 2025

Polygon's Sandeep Nailwal questions Ethereum allegiance, citing lack of support, sparking debate in crypto circles.

Trump Pardons Binance's Zhao: Crypto Market Reacts

Trump Pardons Binance’s Zhao: Crypto Market Reacts

by Solomon M.
October 23, 2025

Trump pardons Binance CEO Zhao; market confidence sparks BNB surge and industry optimism.

  • Terms and Conditions
  • Privacy Policy
  • Advertise
  • About Us
  • Contact Us

© 2018-2019 theccpress.com by Brantell Media.

No Result
View All Result
  • Finance & Blockchain News
  • Bitcoin News
  • Altcoin News
  • Crypto 101
  • Blockchain Events

© 2018 - 2019 theccpress.com, a Brantell Media project.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.