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.