Dunamu and Optimism Foundation Sign MoU to Co-Develop GIWA Chain

Dunamu, the Seoul-based fintech company behind Upbit, has partnered with the Optimism Foundation to expand its GIWA Chain using the OP Stack and to bring it into Optimism’s OP Enterprise ecosystem.

Under a non-binding MoU, GIWA Chain is expected to be the first project deployed on OP Enterprise’s Self-Managed tier. This setup would give Upbit control over the primary sequencer and key network decisions.

Meanwhile, the Optimism Foundation will provide institutional support, including system monitoring and a backup sequencer to ensure failover resilience.

GIWA, an Ethereum Layer 2 network unveiled last September, is designed to improve Web3 usability through one-second block times and full EVM compatibility. In addition, it supports continuous upgrades powered by Optimism’s open-source stack.

The network’s testnet is already live and, as of May 3, has processed nearly 100 million transactions. A mainnet launch is expected soon.

Source: https://x.com/Optimism/status/2051328218314023249?s=20