The traffic of the future aggregation network will dynamically change not only in volume but also destination to support the application of virtualization technology to network edge equipment to achieve cost-effectiveness. Therefore, future aggregation network will have to accommodate this traffic cost-effectively, despite dynamic changes in both volume and destination. To correspond to this trend, in this paper, we propose an optical layer 2 switch network based on bufferless optical time division multiplexing (TDM) and dynamic bandwidth allocation to achieve a future aggregation network cost-effectively. We show here that our proposed network architecture effectively reduced the number of wavelengths and optical interfaces by application of bufferless optical TDM technology and dynamic bandwidth allocation to the aggregation network.