The Good Tech Companies - Galaxy Ventures Backs RISE Chain, $8M Raised To Launch Fastest Zone For Real-Time Apps On Ethereum

Episode Date: June 9, 2025

This story was originally published on HackerNoon at: https://hackernoon.com/galaxy-ventures-backs-rise-chain-$8m-raised-to-launch-fastest-zone-for-real-time-apps-on-ethereum. With the support of Galaxy Ventures and previous investment from notable industry leaders like Vitalik Buterin, RISE sets out to solve the blockchain adoption c Check more stories related to web3 at: https://hackernoon.com/c/web3. You can also check exclusive content about #web3, #galaxy, #crypto-funding, #chainwire, #press-release, #blockchain-development, #crypto-exchange, #good-company, and more. This story was written by: @chainwire. Learn more about this writer by checking @chainwire's about page, and for more stories, please visit hackernoon.com. RISE announces $4 million investment from Galaxy Ventures, bringing total funds raised to date to $8 million. RISE offers real-time performance of as low as 5ms latency and a 100k TPS target, while maintaining a decentralization-first roadmap. The RISE public testnet has already undergone significant battle testing, reaching over 2 billion transactions.

This audio is presented by Hacker Noon, where anyone can learn anything about any technology. Galaxy Ventures backs Risechain, $8 million raised to launch fastest zone for real-time apps on Ethereum, by Chainwire. Sydney, Australia, June 9, 2025, Chainwire. With the support of Galaxy Ventures and previous investment from notable industry leaders like Vitalik Buterin, Rise sets out to solve the blockchain adoption challenge with its exponentially faster blockchain technology, offering real-time performance of as low as 5 milliseconds latency and a 100k TPS target, while maintaining a centralization first roadmap. Rise, a real-time blockchain scaling Ethereum with record throughput

and ultra-low latency, announced a $4 million investment from Galaxy Ventures, bringing total funds raised to date to $8 million. This latest funding round will enable Rise to continue to push the boundaries of blockchain performance and develop the next generation of blockchain applications. Offering instant transaction speeds is a key pillar of bringing more assets, enterprises, and users on-chain, but building a blockchain that provides this has been difficult to date. RISE, a new blockchain built on top of Ethereum, solves this with its breakthrough transaction architecture, powered by Shred's Wichenable record-breaking latency as low as 5 milliseconds. This is especially significant for advanced DeFi use cases such as order book strategies, options, high frequency trading, and market making.

RISE launched its public testnet earlier this month, which has already undergone significant battle testing, reaching over 2 billion transactions, including over 50,000 transactions processed in a single one-second block. This enables developers to experiment and build on-chain apps that operate with a new standard of performance, introduced as infinite-speed, real-time performance, decentralized. By rethinking blockchain design from first principles, RISE addresses a fundamental trade-off where low latency and high throughput previously required compromising decentralization. Competing blockchains often rely on centralized approaches, introducing censorship risk and single points of failure. Rise was built from day one to deliver unstoppable performance without sacrificing decentralization, enabling real-time transactions on widely accessible, standard hardware. Rise will also implement performance-compatible-based sequencing to leverage Ethereum's

vast network of validators and unlock synchronous composability between Ethereum and RISE. Key differentiators of RISE. Shreds. Sub-blocktime transaction confirmations enabling as low as 5 milliseconds round-trip latency. Scalable throughput. Currently benchmarked at over 50,000 TPS, with plans to exceed 100,000 TPS. Based sequencing, coming soon, unlocking a true extension of Ethereum in solving liquidity fragmentation for users.

Secured shreds, coming soon, pre-confirmations economically secured by Ethereum validators, significantly improving the security profile. Greater than, performance is only meaningful if it lasts, said Sam Badenaly, co-founder Greater Than 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 greater than scale technically, but scales trustlessly. We're excited to accelerate toward greater than mainnet and bring the next generation

of crypto apps into reality. Rise will use the funding to support product and app development in the lead up to mainnet launch. Builders can explore the testnet now at portal.risechain.com. Greater than, Rise is the first project we've seen that addresses the scalability trilemma greater than without material security tradeoffs, said Neil Buda, investor at Galaxy Ventures. It brings a level of speed, scalability, and decentralization that greater than is essential

to supporting a new generation of high-performance applications. Greater than we're proud to back a talented team that is pushing the boundaries of greater than blockchain technology. About RISERISE 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 architecture enables as low as 5 milliseconds latency and will support over 100,000 TPS, unlocking a radically improved experience for both developers and users.

Seed investors include Ethereum co-founder Vitalik Buterin and AAVE founder Stani Kulachov. For more information, users can visit https://risechain.com/. ContactGo-Founder and CEO Som Badenali Riz Labsom at riselabs.zai This story was published as a press release by Chainwire under Hacker Noon's business blogging program. Thank you for listening to this Hacker Noon story, read by Artificial Intelligence. Visit hackernoon.com to read, write, learn and publish.