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June 9, 2025 – RISE Chain, a pioneering next-generation Ethereum Layer 2 blockchain, today announced it has secured a $4 million investment from Galaxy Ventures, the venture arm of Galaxy Digital. This latest funding round brings RISE’s total capital raised to date to $8 million, positioning the project to accelerate the launch of the fastest zone for real-time applications on Ethereum.
The new investment from Galaxy Ventures builds on significant prior support from notable industry leaders, including Ethereum co-founder Vitalik Buterin and AAVE founder Stani Kulechov, alongside Sam Kazemian and Anthony Sassano in its earlier $3.2 million seed round (September 2024). This collective backing underscores a strong belief in RISE’s vision to solve the blockchain adoption challenge by delivering exponentially faster blockchain technology without compromising decentralization.
"Performance is only meaningful if it lasts,” said Sam Battenally, co-founder and CEO of RISE. “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.”
RISE introduces a breakthrough transaction architecture powered by "Shreds," enabling record-breaking latency as low as 5-milliseconds round-trip. This "Infinite Speed" redefines blockchain performance, delivering instant transaction confirmations at unprecedented scale while upholding Ethereum’s core principle of decentralization. Unlike traditional blockchains that wait for discrete blocks, Shreds are continuous and interrupt-driven, reacting to demand in real-time. The public testnet, launched earlier this month (April 2025), has already undergone significant battle testing, processing over 2 billion transactions, including over 50,000 transactions in a single 1-second block.
"RISE is the first project we’ve seen that addresses the scalability trilemma without material security tradeoffs,” said Neil Bhuta, Investor at Galaxy Ventures. “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.”
RISE’s commitment to decentralization is foundational. By rethinking blockchain design from first principles, RISE addresses the fundamental tradeoff where low latency and high throughput previously required compromising decentralization. The platform will also implement high-performance Based Sequencing (coming soon) to leverage Ethereum’s vast network of validators and unlock synchronous composability between Ethereum and RISE, further solving liquidity fragmentation. Additionally, Secured Shreds (coming soon) will introduce preconfirmations economically secured by Ethereum Validators, significantly improving the security profile.
The ultra-low latency and high throughput (with a target of 100,000 TPS) are especially significant for advanced DeFi use cases such as orderbook strategies, options, high-frequency trading, and market making. Beyond DeFi, RISE's capabilities unlock new possibilities for interactive social networks and gaming applications, where real-time responsiveness is critical.
The newly secured capital will be primarily used to support product and application development in the lead-up to RISE Chain’s highly anticipated mainnet launch later this year. Builders and developers are encouraged to explore the testnet now at portal.risechain.com.
About RISE Chain:
RISE is a next-generation Ethereum Layer 2 blockchain redefining performance with “Infinite Speed”—delivering instant transaction confirmation at unprecedented scale, while upholding Ethereum’s core principle of decentralization. Its unique architecture enables as low as 5ms latency and supports up to 100,000 TPS, unlocking a radically improved experience for both developers and users. RISE is built by Rise Labs, with co-founders Sam Battenally (CEO), Sasha Mai Herbert (CGO), and Hai Nguyen (CTO).
About Galaxy Ventures:
Galaxy Ventures is the venture capital arm of Galaxy Digital, a leading diversified financial services and investment management company in the digital asset, cryptocurrency, and blockchain technology sectors.
Compiled by CMO Intern team
