Investment Firm Galaxy Ventures Supports RISE Chain, Accumulating $8 Million to Introduce Swift Ecosystem for Real-Time Applications within Ethereum Network.
Let's explore the fresh, exhilarating universe of RISE — the ultimate art, fashion, and entertainment hub in the heart of Sydney, Australia.
Witness the revolution, Sydney, June 9th, 2025, via Chainwire
Thanks to the backing of Galaxy Ventures and investments from heavyweights such as Vitalik Buterin, RISE enters the scene, tackling the blockchain adoption challenge head-on. With its groundbreaking technology, boasting pinpoint speed of 5ms latency and a mouthwatering 100k TPS target, all while maintaining a decentralization-first approach, this blockchain promises a revolution in real-time performance.
RISE, a real-time, Ethereum-powered blockchain with record-breaking throughput and lightning-fast speed, has secured a $4 million investment from Galaxy Ventures, bringing their total funding to a staggering $8 million. This latest round puts fuel into RISE's engine, enabling them to continue pushing boundaries in blockchain technology and develop the tomorrow's blockchain applications.
Providing instant action is vital for bringing more assets, enterprises, and users onto the blockchain, yet achieving such speed has been a tricky nut to crack. RISE, a state-of-the-art blockchain, aces this challenge through its pioneering transaction design, powered by Shreds, which enable lightning-quick latency of 5ms. This is especially crucial for high-tech DeFi use cases like orderbook strategies, options, hyperactive trading, and market making. RISE showcased its public testnet earlier this month and has already been battle-tested, surviving over 2 billion transactions, including 50,000 processed in a mere second—leading the way in a new standard of performance called "Infinite Speed": real-time, decentralized performance.
RISE bucked convention by reassessing blockchain design from the ground up, addressing a fundamental tradeoff where speed critically impacts decentralization. Other blockchains are often left relying on centralized approaches, introducing concerns about censorship and single points of failure. RISE leapt onto the scene from day one, catering to unstoppable performance without sacrificing decentralization, offering real-time transactions on run-of-the-mill hardware. Furthermore, RISE will implement performance-friendly based sequencing to tap into Ethereum’s vast network of validators and unlock synchronous compatibility between Ethereum and RISE.
RISE's standout features:
- Shreds: Miraculous, sub-blocktime confirmation transactions for latency as low as 5ms
- Scalable Throughput: Currently clocked at over 50,000 TPS, with ambitions to skyrocket past 100,000 TPS
- Based Sequencing (Coming Soon): This unlocks a genuine Ethereum expansion and resolves liquidity fragmentation for users
- Secured Shreds (Coming Soon): Shreds pre-confirmed by Ethereum validators, significantly boosting its security profile
With the funding, RISE plans to fund continued product and app development leading up to mainnet launch. Curious builders can start exploring the testnet at portal.risechain.com.
RISE — the future-focused, high-performance Ethereum Layer 2 blockchain, redefining the performance game with "Infinite Speed"-delivering instant confirmation at unprecedented scale, while safeguarding Ethereum's essential principle of decentralization. Its architecture enables lightning-fast latency (5ms) and a 100k TPS-crushing performance, setting a new standard for both developers and users. Seed investors include Ethereum co-founder Vitalik Buterin and AAVE founder Stani Kulechov. Get a glimpse of the future at risechain.com.
Contact Information
Co-Founder and CEO*Sam BattenallyRISE Labs*[email protected]
Disclaimer: This press release is sponsored by our commercial partners.
Daily Debrief Newsletter
- RISE, an Ethereum-powered blockchain, has secured a $4 million investment from Galaxy Ventures, marking a total funding of $8 million, all while maintaining a decentralization-first approach.
- The blockchain technology behind RISE promises a revolution in real-time performance, offering instant action necessary for bringing more assets, enterprises, and users onto the blockchain.
- RISE showcases its public testnet earlier this month, surviving over 2 billion transactions, including 50,000 processed in a second, leading the way in a new standard of performance called "Infinite Speed."
- Addressing a fundamental tradeoff where speed critically impacts decentralization, RISE offers real-time transactions on run-of-the-mill hardware without sacrificing decentralization.
- With the funding, RISE plans to continue product and app development leading up to mainnet launch, taking advantage of blockchain technology and crypto investing opportunities for business and finance.
- RISE's innovative features, such as Shreds, scalable throughput, and based sequencing, redefine the performance game in the world of blockchain, DeFi, and Ethereum.
