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RISE Chain secures $8 million in funding, backed by Galaxy Ventures and Vitalik Buterin, to launch the fastest Ethereum Layer 2 blockchain with groundbreaking real-time transaction speeds.
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The blockchain’s innovative Shreds technology enables ultra-low latency of 5 milliseconds and throughput exceeding 50,000 transactions per second, targeting 100,000 TPS for advanced DeFi applications.
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According to Sam Battenally, CEO of RISE, “RISE was built to stay fast—forever,” emphasizing the project’s commitment to scalable, trustless infrastructure without compromising decentralization.
RISE Chain raises $8M to deliver Ethereum Layer 2 blockchain with 5ms latency and 100k TPS, backed by Galaxy Ventures and Vitalik Buterin, revolutionizing real-time DeFi.
RISE Chain’s Breakthrough in Ethereum Layer 2 Scalability and Performance
RISE Chain is setting a new benchmark in blockchain scalability by addressing the long-standing trilemma of speed, throughput, and decentralization. With a fresh architectural approach centered around Shreds—a sub-blocktime transaction confirmation mechanism—RISE achieves an unprecedented latency as low as 5 milliseconds. This ultra-low latency is critical for high-frequency trading, orderbook strategies, and other real-time decentralized finance (DeFi) applications that demand instantaneous transaction finality.
Currently, RISE’s public testnet has processed over 2 billion transactions, including blocks with more than 50,000 transactions in a single second, showcasing its robust throughput capabilities. The project aims to scale beyond 100,000 transactions per second (TPS), positioning itself as one of the fastest Ethereum Layer 2 solutions available. Unlike many competitors that sacrifice decentralization for speed, RISE maintains a decentralization-first roadmap, ensuring security and censorship resistance remain intact.
Innovative Technologies Powering RISE Chain’s Performance
At the core of RISE’s performance leap is the Shreds technology, which enables sub-blocktime transaction confirmations and drastically reduces round-trip latency. This innovation allows transactions to be confirmed in near real-time, a feature that is particularly attractive for developers building latency-sensitive applications.
Additionally, RISE plans to introduce Based Sequencing, a mechanism designed to integrate seamlessly with Ethereum’s validator network. This will enable synchronous composability between Ethereum and RISE, effectively solving liquidity fragmentation and enhancing security through Secured Shreds, which will be economically backed by Ethereum validators. These upcoming features promise to further solidify RISE’s position as a scalable and secure Layer 2 solution.
Strategic Backing and Market Implications
The recent $4 million investment from Galaxy Ventures, combined with prior funding from prominent figures such as Ethereum co-founder Vitalik Buterin and AAVE founder Stani Kulechov, underscores strong market confidence in RISE’s technology and vision. Galaxy Ventures’ investor Neil Bhuta highlighted RISE’s unique ability to tackle the scalability trilemma without compromising security, a critical factor for the next generation of high-performance blockchain applications.
This influx of capital will accelerate RISE’s development and support the transition from testnet to mainnet, enabling builders and enterprises to deploy real-time decentralized applications with unprecedented speed and reliability. The project’s focus on maintaining decentralization while delivering “Infinite Speed” aligns with the broader Ethereum ecosystem’s goals of scalability and security.
Developer Ecosystem and Future Outlook
RISE’s public testnet is currently accessible at portal.risechain.com, inviting developers to experiment with the platform’s capabilities. By fostering an open environment for innovation, RISE aims to catalyze the development of sophisticated DeFi products, gaming applications, and other real-time use cases that have been constrained by existing blockchain limitations.
Looking ahead, RISE’s roadmap includes the mainnet launch and the rollout of advanced features like Based Sequencing and Secured Shreds, which will enhance interoperability and security. These developments are expected to attract a diverse range of users and projects, further expanding Ethereum’s Layer 2 ecosystem.
Conclusion
RISE Chain’s $8 million funding milestone marks a significant step forward in solving Ethereum’s scalability challenges with a novel approach that delivers ultra-low latency and high throughput without sacrificing decentralization. Supported by industry leaders and innovative technology, RISE is poised to redefine real-time blockchain applications and accelerate mainstream adoption. Developers and enterprises seeking cutting-edge performance on Ethereum should closely monitor RISE’s progress as it moves toward mainnet launch and broader ecosystem integration.
