Overview

• Announced on Sept. 9 at the Upbit Developer Conference, GIWA is built on Optimism’s OP Stack as an optimistic rollup targeting EVM apps and lower-cost, faster transactions.
• The Sepolia testnet is live with a block explorer and developer tools, and early data shows millions of blocks produced at one-second intervals.
• Dunamu showcased a demo GIWA Wallet supporting Ethereum, Base, Arbitrum, Avalanche, Polygon, and the new chain for assets, NFTs, and dApps.
• The roadmap calls for phased decentralization, and any stablecoin features will depend on South Korean regulatory approval.
• Analysts note an initially operator-controlled sequencer, raising centralization, MEV, and venue-like regulatory questions as the ecosystem develops.