What Is GIWA Chain?
GIWA Chain is a Layer-2 blockchain launched by Dunamu, the operator of South Korea’s leading crypto exchange Upbit. Announced at the 2025 Upbit Developer Conference, GIWA aims to advance Web3 adoption by offering high-speed, scalable, and secure infrastructure. Built on the Optimism OP Stack, it uses optimistic rollups to inherit Ethereum’s security while delivering one-second block times and full EVM compatibility for seamless dApp migration.
To complement the chain, Dunamu introduced the GIWA Wallet, a multi-chain mobile wallet that supports Ethereum, Base, Arbitrum, Polygon, Avalanche, and GIWA itself. The wallet enables users to store and transfer assets across chains, lowering entry barriers for traders and developers while enhancing interoperability within the ecosystem.
A major part of GIWA’s vision is the creation of a Korean Won-backed stablecoin, designed to strengthen national digital finance and align with regulatory trends. This positions GIWA as both a domestic and global blockchain contender.
GIWA Team | Who Are The People Behind GIWA?
Dunamu was founded in 2012 by a forward-looking team with deep experience in finance, technology, and blockchain innovation, united in their mission to build next-generation digital platforms and expand access to crypto markets through services like Upbit and GIWA Chain.
Oh Kyung-seok, CEO of Dunamu, is the driving force behind GIWA Chain’s vision and strategy. With extensive experience in finance and technology, he oversees the company’s blockchain initiatives, guiding innovation in scalability, interoperability, and digital asset infrastructure.
Chi-Hyung Song, Co-Founder and Chairman of Dunamu, drives the company’s strategic vision and long-term growth. He focuses on advancing blockchain innovation through platforms like Upbit and GIWA Chain while expanding partnerships and strengthening Dunamu’s global market presence.
Kim Hyoung-Nyon, Vice Chairman of Dunamu, plays a key role in corporate governance and strategic oversight. He focuses on strengthening organizational leadership, guiding blockchain initiatives like GIWA Chain, and fostering sustainable growth within the global digital finance ecosystem.
GIWA Chain Funding Rounds
GIWA Chain has secured multiple strategic backers through its parent company Dunamu.
In 2021, Hanwha Investment & Securities acquired a 6.15% stake in Dunamu for $52 million, strengthening financial ties and supporting future blockchain ventures.
In late 2021, Hybe Corporation, the entertainment powerhouse behind BTS, purchased a 2.5% stake, pushing Dunamu’s valuation to nearly $17 billion and linking GIWA to Korea’s cultural ecosystem.
Further investments came from Kakao Ventures (holding around 7.6%) and Anchor Equity Partners, providing both capital strength and strategic alignment.
These partnerships reinforce GIWA Chain’s ambition to become South Korea’s leading Layer-2 blockchain and a global contender in Web3 infrastructure.
GIWA Chain Airdrop – Step-By-Step Guide
👉 STEP 1: Head over to sepolia-explorer.giwa.io.
👉 STEP 2: Add GIWA Network to your wallet by clicking Connect Wallet to add the network automatically.
👉 STEP 3: Claim GIWA testnet faucet by going to faucet.giwa.io, entering your EVM address, then mining the faucet for a few minutes before claiming your test tokens.
👉 STEP 4: Deploy a GIWA smart contract on owlto.finance/deploy/?chain by selecting the Giwa testnet and clicking DEPLOY.
👉 STEP 5: Keep an eye on official announcements and hope for the best!
Key Takeaways Of GIWA Chain
GIWA Chain is a Layer-2 blockchain built on the Optimism OP Stack, delivering one-second block times, EVM compatibility, and Ethereum-level security. Developed by Dunamu, the operator of Upbit, GIWA aims to accelerate Web3 adoption in Korea with scalable infrastructure and seamless dApp migration. Its ecosystem includes the GIWA Wallet, enabling cross-chain transfers across Ethereum, Base, Arbitrum, Polygon, Avalanche, and GIWA itself.
The project’s long-term vision includes launching a Korean Won-backed stablecoin, enhancing digital finance sovereignty, and supporting real-world adoption. GIWA’s multi-chain wallet and fast transactions provide a user-friendly experience for developers, traders, and institutions entering decentralized markets.
Backed by major Dunamu investors such as Hanwha Investment & Securities, Hybe Corporation, Kakao Ventures, and Anchor Equity Partners, GIWA benefits from financial strength and strategic partnerships that position it for global growth.
It is important to stay connected so you can quickly hear about new developments and announcements about GIWA Chain.
Here are the official channels that you should be following:
Lastly, always make sure to use official links from verified sources to avoid scams or phishing attempts.
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