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Galaxy Ventures Leads $8M Funding Round In RISE Chain, Fueling The Future Of Real-Time Blockchain Apps On Ethereum

  • Galaxy Ventures has invested $4 million into RISE Chain, boosting the total funding to $8 million for the ultra-fast Ethereum Layer 2 network designed for real-time decentralized applications.
  • RISE Chain's innovative transaction architecture powered by Shreds allows for near-instant transactions with latency as low as 5 milliseconds, surpassing existing solutions.
  • The successful public testnet of RISE has processed over 2 billion transactions, showing immense scalability potential with throughput exceeding 50,000 transactions per second.
  • Supported by industry luminaries like Vitalik Buterin and Stani Kulechov, RISE aims to redefine blockchain scalability while maintaining decentralization and security principles.

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