Upbit, a leading South Korean crypto exchange operated by Dunamu, recently focused on launching the GIWA Chain, a Layer-2 blockchain using Optimistic Rollup technology, during their Developer Conference.
The GIWA Chain aims to enhance liquidity and developer integration within the blockchain ecosystem, potentially impacting major tokens like ETH and ARB as the project progresses.
Upbit Embraces Optimistic Rollup in GIWA Chain Launch
Upbit, operated by Dunamu, recently announced the launch of the GIWA Chain testnet utilizing Optimistic Rollup technology. The event was highlighted at the Upbit Developer Conference (UDC), emphasizing Upbitโs commitment to enhancing its blockchain ecosystem. A notable remark during the UDC conference was made by Sirgoo Lee, CEO of Dunamu, who stated, โWe envision GIWA Chain as a primary hub that will elevate not only our platform but also the entire ecosystem.โ source
The GIWA Chain aims to be a hub for liquidity and developers. Upbitโs focus on this project underscores their strategic pivot towards advancing Koreaโs role in Web3. Leadership has not commented on any NFT art drop by Chae-on as discussed in recent reports.
Crypto Tokens Face GIWA Chain Testnet Surge
No official records or statements from Upbit or Dunamu refer to an NFT event called โChae-on Drops.โ Currently, the blockchain communityโs attention is oriented towards GIWA Chainโs potential impact on tokens like ETH, ARB, and other EVM-compatible coins.
The GIWA Chainโs launch is poised to offer significant technological outcomes by facilitating multi-chain wallet capabilities. As the testnet progresses, trends in liquidity and staking may emerge, influencing related cryptocurrency values and developer engagement.
Comparing Upbitโs Chain Strategy with Global Exchanges
Upbitโs history of supporting blockchain projects resembles other exchanges launching Layer-2 solutions, such as Coinbaseโs Base network. Previous NFT initiatives have typically been accompanied by official communications, lacking in the โChae-on Dropsโ scenario.
Experts from Kanalcoin suggest that without further details or announcements, immediate impacts are focused on GIWA Chainโs capabilities. Analysts watch closely to see whether this will elevate Koreaโs presence in blockchain technology.
| Disclaimer: This website provides information only and is not financial advice. Cryptocurrency investments are risky. We do not guarantee accuracy and are not liable for losses. Conduct your own research before investing. |