- Dunamu launches Ethereum Layer-2 blockchain GIWA.
- GIWA launched at UDC 2025 in Seoul.
- Aims for global Web3 infrastructure growth.
Dunamu, parent company of Upbit, launched the GIWA Layer-2 blockchain at the Upbit Developer Conference 2025 in Seoul, aiming to expand global Web3 infrastructure.
GIWA’s launch marks South Korea’s strategic move into the blockchain space, potentially affecting Ethereum and other Layer-2 platforms with its innovative infrastructure.
Dunamu, parent of Upbit, has launched GIWA, an Ethereum Layer-2 blockchain. The launch aims to enhance global Web3 infrastructure, presented at the Upbit Developer Conference 2025 in Seoul. GIWA introduces a new phase for Dunamu’s expansion.
Oh Kyoung-suk, CEO of Dunamu, spearheads GIWA’s launch, emphasizing global potential. He highlighted that governments, businesses, and individuals should consider cryptocurrency’s potential, necessitating regulatory easing for comprehensive exploration, according to his conference address.
“The era of dismissing cryptocurrency as a mere bubble has come to an end, and it is now a crucial moment for governments, businesses and individuals to explore how to harness its potential — and that will require timely regulatory easing,” noted Oh Kyoung-suk, CEO of Dunamu source.
The GIWA launch is expected to impact the cryptocurrency ecosystem, particularly for Ethereum and supported chains such as Optimism and Arbitrum. The development has underscored the industry’s push toward infrastructure-focused ventures, expanding usage beyond speculative markets.
Financial impacts hinge on GIWA’s ecosystem utility rather than trading volatility. While no direct financial disclosures were provided at the launch, its tokenless model, akin to Coinbase’s Base, indicates a shift towards building core infrastructure in the crypto market.
Current regulatory discussions in South Korea hold significant importance, especially regarding easing policies to foster such innovations. GIWA sets a precedent for Korea’s approach in entering global blockchain markets, as detailed by Oh Kyoung-suk’s emphasis on strategic expansion.
Historically, Layer-2 launches on Ethereum have increased Total Value Locked (TVL) and development activity, likely driving similar trends around GIWA. Although no current on-chain data is available due to its nascent stage, historical analysis suggests potential for strong developer engagement.
For more detailed insights on the launch, refer to Dunamu’s official announcements and its reputation for delivering market-exceeding expectations.
