• RISE Chain secures $4M from Galaxy Ventures, reaching $8M in total funding.
  • With 5ms latency and 100K TPS targets, RISE aims to enable real-time dApps without sacrificing decentralization.
  • Public testnet has processed 2B+ transactions; mainnet launch preparations are underway.

RISE Chain, a high-speed blockchain scaling solution built on Ethereum, has secured $4 million in funding from Galaxy Ventures, bringing its total raise to $8 million.

Backed by early supporters including Ethereum co-founder Vitalik Buterin, the Sydney-based project is developing what it claims to be the fastest zone for real-time decentralized applications (dApps), boasting latency as low as 5 milliseconds and a target throughput of 100,000 transactions per second.

The funding will support RISE’s next phase of development as it works toward launching its mainnet. Its public testnet, launched earlier this month, has already processed over 2 billion transactions.

Additionally, RISE has introduced a novel transaction model called “Shreds,” allowing sub-blocktime confirmations and ultra-low latency, significantly outpacing traditional Layer 1 and Layer 2 networks. This advancement is critical for decentralized finance (DeFi) applications that rely on millisecond-level responsiveness and real-time data execution.

“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.”

Furthermore, unlike many high-performance chains that lean on centralized infrastructure, RISE prioritizes decentralization. The protocol will soon implement based sequencing and “secured shreds”—a feature that economically secures transaction preconfirmations using Ethereum validators, aiming to align scalability with security and trust.

Neil Bhuta, Investor at Galaxy Ventures, praised the team for addressing the long-standing “scalability trilemma” in blockchain.

“RISE is the first project we’ve seen that addresses scalability without compromising decentralization or security,” Bhuta said. “It sets a new benchmark for real-time, onchain infrastructure.”

RISE is positioning itself as a real-time extension of Ethereum, enabling synchronous composability and better liquidity distribution across both ecosystems. Developers can already access the public testnet at portal.risechain.com to begin building high-performance applications.

Edited by Harshajit Sarmah