[PRESS RELEASE – Singapore, Singapore, July 24th, 2026]
Backed by Galaxy Ventures and Vitalik Buterin, the ultra-high-performance perp DEX has formally launched its public rewards program.
RISEx, the absolutely on-chain perpetuals trade constructed on the high-throughput RISE Chain, has formally launched Ignite: Season 1, its core loyalty and ecosystem factors program. Following an invite-only beta section that generated over $3 billion in cumulative buying and selling quantity, this system marks the subsequent main step in RISEx’s broader ecosystem rollout because the protocol builds towards long-term group possession and future token distribution.
Launch week concluded right now with the distribution of the Season 0 retroactive factors, recognizing the customers who traded on a merit-based, invite-only venue with no assure of reward.
This system additionally carries a declare no competing venue could make: 100% of RISE factors are allotted to RISEx customers, together with merchants, LPs, and builder code integrators. RISE is an trade chain, and RISEx is its product. Quite than splitting rewards throughout a diffuse ecosystem, all the community’s incentive weight routes by the venue the place exercise really occurs.
The launch arrives amidst a large structural shift in crypto derivatives, with decentralized perpetuals quickly devouring centralized venue market share. Following the profitable reside deployment of its core trade infrastructure, together with cross-asset netted-margining and native Actual-World Asset (RWA) buying and selling, the general public opening of RISEx’s rewards system marks the platform’s formal transition into international scale and progress mode.
Ecosystem Traction: By the Numbers
Previous to opening public rewards, the RISEx closed beta cultivated natural, institutional-grade liquidity and deep person engagement over three months:
- $3 Billion+ in cumulative buying and selling quantity processed since genesis.
- $26 Million+ in Open Curiosity (OI).
- $15 Million+ in Complete Worth Locked (TVL).
- 15,000+ Registered customers accrued completely by a merit-based referral community.
Supply: DUNE
Product First, Incentives Second “A lot to the frustration of our progress group, I used to be adamant that we might not launch an incentives program till our core trade engine reached absolute stability,” mentioned Sam Battenally, CEO and co-founder of RISE Labs. “Too usually, factors packages are deployed prematurely to masks unfinished infrastructure or purchase empty, momentary quantity. We spent the previous couple of months doing the laborious engineering work as an alternative by stabilizing core options like reduce-only GTC and bootstrapping deep, high quality liquidity. In case you are fueling the engine, it has to carry out. Now that our core structure is absolutely reside, optimized, and acting at a world-class degree, we’re able to scale.”
Ignite Season 1 Construction & Timeline
Ignite runs based on a product roadmap, and that’s RISEx’s dedication to the RISE mission. Because the trade ships and reaches milestones, the season strikes with it. AutoYield, Permissionless Portfolio Margin, and fairness listings are all half of a bigger imaginative and prescient to carry full-scale composable finance on-chain.
This can be a deliberate design selection. Rewards ought to observe actual product progress somewhat than a advertising and marketing calendar that forces a program to overspend early or skinny rewards later, penalizing the early contributors and energetic merchants who confirmed up first.
- Reside Since: Week 1 of Ignite started on Monday, July 20, 2026, at 00:00 UTC.
- Public Distribution: RISEx will distribute 200,000 factors per week, settled each Tuesday, with the primary weekly distribution on July 28, 2026, at 14:00 UTC.
- Season Size: Ignite is predicted to finish no later than Q2 2027.
- Allocation: 100% of RISE factors are allotted to RISEx customers, together with merchants, LPs, and builder code integrators.
Contained in the Ignite Mechanics
Engineered to reward real, long-term ecosystem participation over predatory Sybil farming and synthetic wash buying and selling, Ignite evaluates person contribution throughout a number of well being metrics somewhat than quantity alone.
- Multi-Layered Incomes: Qualifying exercise spans higher-order exercise, complete prices together with charges, slippage and unfavorable markouts, buying and selling quantity, and open curiosity and maintain time.
- Referral Rewards: Referrers earn an extra 10% of their referee’s factors.
- Undisclosed Weightings: The precise methodology and weightings aren’t revealed. This protects this system from being gamed.
- Affiliate Program: For individuals who qualify, the associates program gives further incentives comparable to charge rebates, level boosts, and extra.
Institutional-Grade Structure
RISEx achieves centralized-exchange execution speeds with full self-custody by using RISE Chain, an EVM-compatible Layer 2 community delivering unprecedented 5 Ggas/s throughput and 1-millisecond latency. As a result of the trade and the underlying blockchain share the identical state, customers profit from a completely on-chain orderbook the place collateral and interconnected DeFi positions exist inside a single, atomic execution atmosphere.
With the core perpetual trade engine stabilized, the platform’s mid-term product roadmap is shifting towards the launch of native EVM Spot buying and selling, AutoYield, and Permissionless Portfolio Margin.
Merchants can clear the gate, test their retroactive allocations, and start incomes Season 1 factors by visiting rise.commerce.
About RISEx
RISEx is a completely on-chain perpetuals trade constructed on RISE Chain. Delivering centralized-exchange execution speeds with full self-custody, RISEx options an on-chain orderbook that shares state and liquidity with all the RISE DeFi ecosystem in a single transaction. RISEx gives institutional-grade crypto perpetuals with versatile collateral, with plans to broaden into equities, foreign exchange, and commodities.
About RISE Chain
RISE Chain is a next-generation Ethereum Layer 2 purpose-built for high-performance DeFi, delivering 5 Ggas/s throughput and Web2-like latency by way of its proprietary Shreds structure. Developed by RISE Labs, the community is backed by Galaxy Ventures, Vitalik Buterin, Finality Capital Companions, EtherFi, OrangeDAO, DACM, P2 Ventures, Stani Kulechov, and different main digital asset buyers.
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