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South Korea’s leading cryptocurrency exchange, Upbit, has announced plans to establish a new Layer 2 scaling network for Ethereum. The project will be built on Optimism’s open-source OP Stack framework. According to published documents, the Layer 2 solution developed by Upbit will be fully compatible with the Ethereum mainnet.
This means transaction costs for users are expected to decrease significantly, while the network speed will also see major improvements. The move highlights that Upbit is no longer just offering trading services but is now also contributing directly to blockchain infrastructure development.
What is OP Stack Technology?
OP Stack is an open-source infrastructure developed by Optimism. It allows projects to build their own customized blockchain networks. Transactions are bundled before being submitted to the Ethereum main chain, and thanks to the Optimistic Rollup mechanism, they become both faster and cheaper.
In essence, OP Stack enables:
- Projects to build their own dedicated blockchain networks,
- Transactions to be aggregated and optimized before posting to Ethereum,
- Higher speed and lower costs through Optimistic Rollups.
This architecture has become one of the most widely adopted technologies to address Ethereum’s scalability challenges.
A Strong Step for the Ethereum Ecosystem
This initiative could provide a key solution to Ethereum’s long-standing scalability issues. At the same time, it shows that Upbit is positioning itself not only as a global exchange but also as an infrastructure provider in blockchain technology.
Launch Timeline
Upbit has not yet disclosed a specific launch timeline or technical details for its new Layer 2 network. However, given that it is one of South Korea’s largest digital asset platforms with a broad user base, there is strong potential for rapid adoption of the project..
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