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Upbit-backed GIWA Chain raises $143.26m, targets private mainnet launch in August–September 2026

AI Market Summary
Upbit's GIWA Chain, a new Layer 2 built with Optimism and backed by $143.26m funding, is live on public testnet with a private mainnet targeted for Aug–Sep 2026. The partnership signals potential future ecosystem growth and developer/user activity (faucet, bridging, verified token, Web3 name), but uncertainty around any token launch keeps immediate market implications contained. The most direct read-through is to Optimism's ecosystem visibility.
Impact level
● Medium
Affected assets
OP/USDT-1.14%
AI Insight · OP/USDTAI Insight
● Neutral
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Upbit said in May 2026 that it is partnering with Optimism to develop GIWA Chain, a Layer 2 network that has raised $143.26m. The project currently runs a public testnet, and its roadmap schedules a private mainnet launch between August and September 2026. Users can already take part in early activities such as claiming testnet tokens via a faucet, bridging testnet assets, claiming a VerifiedToken and registering an Upbit Web3 name.
BNB
BNB+0.68%
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