Galaxy Ventures Invests $4 Million in RISE Blockchain Platform

Galaxy Ventures has invested $4 million in RISE, a blockchain platform designed to scale Ethereum with unprecedented speed and low latency. This investment brings the total funds raised by RISE to $8 million, with previous investments from notable figures such as Vitalik Buterin, the co-founder of Ethereum, and Stani Kulechov, the founder of AAVE.

RISE aims to address the challenges of blockchain adoption by offering real-time performance with as low as 5ms latency and a target of 100,000 transactions per second (TPS). This breakthrough is achieved through its unique transaction architecture, powered by Shreds, which enable record-breaking latency. The platform has already undergone significant testing, processing over 2 billion transactions, including over 50,000 transactions in a single 1-second block during its public testnet launch earlier this month.

Ask Aime: What's the potential impact of Galaxy Ventures' $4 million investment in RISE, a blockchain platform aiming to scale Ethereum with unprecedented speed and low latency, on the crypto market?

RISE's innovative design rethinks blockchain architecture from first principles, addressing the fundamental tradeoff between low latency, high throughput, and decentralization. Unlike competing blockchains that often rely on centralized approaches, RISE delivers unstoppable performance without sacrificing decentralization. This enables real-time transactions on widely accessible, standard hardware and plans to implement performance-compatible based sequencing to leverage Ethereum’s vast network of validators, unlocking synchronous composability between Ethereum and RISE.

Key differentiators of RISE include Shreds, which enable sub-blocktime transaction confirmations with as low as 5ms round-trip latency, and scalable throughput currently benchmarked at over 50,000 TPS, with plans to exceed 100,000 TPS. Future developments include Based Sequencing, which will unlock a true extension of Ethereum and solve liquidity fragmentation for users, and Secured Shreds, which will provide preconfirmations economically secured by Ethereum Validators, significantly improving the security profile.

Sam Battenally, co-founder and CEO of RISE, emphasized the importance of sustainable performance, stating, "Performance is only meaningful if it lasts. RISE was built to stay fast—forever. This investment from Galaxy Ventures underscores the need for infrastructure that doesn’t just scale technically, but scales trustlessly. We’re excited to accelerate toward mainnet and bring the next generation of crypto apps into reality."

Galaxy Ventures' investment in RISE highlights the growing demand for high-performance blockchain infrastructure that can support a new generation of applications. Neil Bhuta, an investor at Galaxy Ventures, noted, "RISE is the first project we’ve seen that addresses the scalability trilemma without material security tradeoffs. It brings a level of speed, scalability, and decentralization that is essential to supporting a new generation of high-performance applications. We’re proud to back a talented team that is pushing the boundaries of blockchain technology."

With the new funding, RISE will focus on product and app development in the lead-up to its mainnet launch. Developers can already explore the testnet at portal.risechain.com. RISE's innovative approach to blockchain technology positions it as a leader in the industry, offering a solution that combines speed, scalability, and decentralization, making it an attractive option for developers and users alike.