Galaxy Ventures Leads $8M Funding Round In RISE Chain, Fueling The Future Of Real-Time Blockchain Apps On Ethereum

Galaxy Ventures has advanced high-performance blockchain infrastructure by investing $4 million into RISE Chain, an ultra-fast Ethereum Layer 2 network engineered for real-time decentralized applications. 

This significant milestone brings RISE Chain’s total funding to $8 million, with early support from prominent figures including Ethereum co-founder Vitalik Buterin and AAVE founder Stani Kulechov. The investment underscores growing confidence in RISE’s vision to revolutionize blockchain scalability, delivering unprecedented speed and throughput while steadfastly upholding the principles of decentralization and security. As the project advances toward mainnet launch, it solidifies its position as a next-generation Layer 2 solution uniquely capable of scaling Ethereum without compromise.

With early backing from industry luminaries such as Ethereum co-founder Vitalik Buterin and AAVE founder Stani Kulechov, RISE is now positioned at the forefront of next-generation blockchain innovation. The newly announced support from Galaxy Ventures further validates the project’s groundbreaking architecture and its potential to enable a new class of real-time decentralized applications (dApps).

At the heart of RISE’s innovation lies its revolutionary transaction architecture powered by Shreds, a novel mechanism that enables sub-blocktime confirmations. This allows for near-instant transactions with latency as low as 5 milliseconds, significantly surpassing existing solutions in the space.

The implications are profound, especially for performance-critical applications such as high-frequency DeFi trading, orderbook-based exchanges, options markets, and algorithmic strategies that blockchain limitations have traditionally constrained.

Earlier this month, RISE launched a highly successful public testnet. The testnet has already processed over 2 billion transactions, including bursts of more than 50,000 transactions per second. This early traction demonstrates the network’s immense scalability potential.

Unlike many competing blockchains that prioritize speed or throughput at the expense of decentralization, RISE was designed to preserve and enhance Ethereum’s foundational principles from the outset. Its architecture eliminates central points of failure and minimizes censorship risks while achieving industry-leading performance. 

The network currently supports ultra-low latency with round-trip transaction confirmations as fast as 5 milliseconds and has demonstrated throughput exceeding 50,000 transactions per second, with a clear path toward surpassing 100,000 TPS. Looking ahead, RISE plans to introduce decentralized sequencing for seamless compatibility with Ethereum’s validator network and “Secured Shreds,” an innovation that leverages Ethereum validators to provide stronger economic guarantees, further enhancing security and trustlessness.

Commenting on the project, Sam Battenally, Co-founder and CEO of RISE, stated:

“Performance is only meaningful if it lasts. We’re building a chain that stays fast forever—without tradeoffs. This support from Galaxy Ventures reinforces the urgent need for infrastructure that scales both technically and trustlessly.”

With the latest funding injection, RISE will accelerate product development, ecosystem growth, and the launch of its mainnet. Developers are already invited to explore the testnet via portal.risechain.com, where they can begin building and testing applications optimized for infinite speed and massive scale.

Neil Bhuta, an investor at Galaxy Ventures, remarked that RISE stands out as the first project they have encountered that effectively addresses the blockchain scalability trilemma without compromising security or decentralization. He noted that the platform uniquely combines speed, scalability, and trustless operation, qualities he described as critical for enabling the next generation of high-performance decentralized applications. Bhuta expressed enthusiasm about supporting the project’s visionary team.

RISE is a next-generation Ethereum Layer 2 blockchain engineered to redefine performance through its innovative “Infinite Speed” architecture. By enabling near-instant transaction confirmations at unprecedented scale, RISE sets a new benchmark for efficiency in decentralized systems, all while upholding Ethereum’s core principles of decentralization and security. With a target latency of 5 milliseconds and throughput exceeding 100,000 transactions per second (TPS), RISE delivers a transformative infrastructure that empowers developers to build high-performance decentralized applications (dApps) and provides users with a seamless, scalable on-chain experience.

Backed by notable figures in the crypto space, RISE is poised to unlock a new era of on-chain innovation, from DeFi and Web3 gaming to enterprise-grade financial systems.

For more information, visit: risechain.com