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Galaxy Ventures Backs RISE Chain, $8M Raised to Launch Fastest Zone for ...
- On June 9th, 2025, in Sydney, Australia, RISE secured $4 million in funding from Galaxy Ventures, raising its total capital to $8 million.
- The investment follows RISE’s public testnet launch earlier this month, which demonstrated real-time blockchain performance with over 2 billion transactions processed.
- RISE is an advanced Layer 2 solution built on Ethereum that leverages Shreds technology to achieve transaction latencies as fast as 5 milliseconds and targets processing speeds exceeding 100,000 transactions per second.
- Neil Bhuta, an investor at Galaxy Ventures, remarked that RISE is the first initiative they've encountered that tackles the scalability challenges without compromising security. Additionally, CEO Sam Battenally emphasized that enduring performance is what truly matters.
- RISE plans to allocate the new investment toward advancing its product offerings and application development as it approaches the launch of its mainnet, with the goal of enhancing blockchain performance while maintaining decentralization.
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14 Articles
14 Articles
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 …
Coverage Details
Total News Sources14
Leaning Left1Leaning Right1Center1Last UpdatedBias Distribution34% Left, 33% Center, 33% Right
Bias Distribution
- 34% of the sources lean Left, 33% of the sources are Center, 33% of the sources lean Right
34% Left
L 34%
C 33%
R 33%
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