RISE Chain, a layer-2 blockchain focusing on speed and low latency, has secured a $4 million investment from Galaxy Ventures, the venture arm of Galaxy Digital.
The capital will go towards building out the project’s forthcoming mainnet. This brings RISE’s total capital raised to $8 million, following earlier support from prominent crypto figures including Ethereum co-founder Vitalik Buterin.
The team behind RISE is focusing on building a high-throughput, low-latency blockchain to address what it views as a core barrier to mainstream adoption: performance at scale. The project is hoping to take on competitors with their ultra-fast transaction speeds like MegaETH, or big layer-2 incumbents like Arbitrum or Base.
RISE is currently in testnet, but the team hopes to launch its mainnet later this year as well as a token related to the project.
