Summary
- Rise (RISE) has reportedly secured an additional investment of $4 million from Galaxy Ventures.
- With this round, Rise's total funding has reached $8 million, and key industry figures, including Vitalik Buterin, participated as early investors.
- Leveraging the ultra-low latency technology 'Shreds', Rise achieved a milestone of processing 2 billion transactions on its testnet and plans to accelerate the development of next-generation blockchain applications.
Ethereum-based next-generation real-time blockchain scaling solution Rise (RISE) has secured an additional $4 million investment from Galaxy Ventures, bringing its total funding to $8 million.
According to Daily Hodl on the 9th (local time), key industry figures such as Vitalik Buterin, co-founder of Ethereum, and Stani Kulechov, founder of AAVE, also participated as early investors in Rise. With this funding round, Rise plans to continuously expand blockchain performance and accelerate the development of next-generation blockchain applications.
Rise, which has secured the ultra-low latency technology 'Shreds' specialized for advanced DeFi scenarios such as options, high-frequency trading, and market making, processed 2 billion transactions on its testnet released this month—including a single block that handled over 50,000 transactions in just one second.
Heecheol Yang
heecheol@bloomingbit.ioHello, I'm a reporter at bloomingbit
![Bitcoin retakes KRW 100 million amid reports of secret US-Iran contacts…$72,000 in focus [Kang Min-seung’s Trade Now]](https://media.bloomingbit.io/PROD/news/3beef0db-a8f6-4977-9dca-6130bf788a69.webp?w=250)
![[Analysis] “ETFs and short covering drove Bitcoin’s rebound…on-chain indicators are mixed”](https://media.bloomingbit.io/PROD/news/6c7dbd31-4aeb-400e-9c43-c2843062fc66.webp?w=250)