RISE Secures $8 Million Investment for Ethereum Scaling

RISE, a blockchain platform designed to scale Ethereum with unprecedented speed and low latency, has secured an $8 million investment, with $4 million coming from Galaxy Ventures. This funding round brings the total amount raised by RISE to $8 million, supporting its mission to develop the next generation of blockchain applications. 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), all while maintaining a decentralization-first approach.

RISE's innovative technology, powered by Shreds, enables sub-blocktime transaction confirmations, making it one of the fastest blockchains available. This breakthrough is particularly significant for advanced decentralized finance (DeFi) use cases such as orderbook strategies, options, high-frequency trading, and market making. The platform's public testnet, launched earlier this month, has already processed over 2 billion transactions, including over 50,000 transactions in a single 1-second block. This demonstrates RISE's capability to support onchain apps that operate with real-time performance and decentralization.

RISE's architecture rethinks blockchain design 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 is achieved through the use of standard hardware, making real-time transactions widely accessible. Additionally, RISE 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 technology for sub-blocktime transaction confirmations, scalable throughput currently benchmarked at over 50,000 TPS with plans to exceed 100,000 TPS, and future implementations of Based Sequencing and Secured Shreds. These features aim to enhance security and liquidity for users, making RISE a robust platform for high-performance applications.

Sam Battenally, co-founder and CEO of RISE, emphasized the importance of sustainable performance, stating that RISE was built to stay fast forever. The investment from Galaxy Ventures highlights the need for infrastructure that scales both technically and trustlessly. RISE plans to use the funding to support product and app development in the lead-up to its mainnet launch, encouraging builders to explore the testnet at portal.risechain.com.

Neil Bhuta, an investor at Galaxy Ventures, praised RISE for addressing the scalability trilemma without compromising security. He noted that RISE brings a level of speed, scalability, and decentralization essential for supporting a new generation of high-performance applications. Galaxy Ventures is proud to back a talented team pushing the boundaries of blockchain technology.

RISE is a next-generation Ethereum Layer 2 blockchain that redefines performance with "Infinite Speed," delivering instant transaction confirmation at an unprecedented scale while upholding Ethereum’s core principle of decentralization. Its architecture enables as low as 5ms latency and will support over 100,000 TPS, providing a radically improved experience for both developers and users. Seed investors include Ethereum co-founder Vitalik Buterin and AAVE founder Stani Kulechov. For more information, users can visit https://risechain.com/.