Singapore, July 24, 2026 — RISEx, the fully on-chain perpetuals exchange built on the high-throughput RISE Chain, has officially launched Ignite: Season 1, its core loyalty and ecosystem points program. The launch follows an invite-only beta phase that generated over $3 billion in cumulative trading volume, marking the next major step in RISEx's broader ecosystem rollout as the protocol builds toward long-term community ownership and future token distribution.

Backed by Galaxy Ventures and Vitalik Buterin, the ultra-high-performance perpetuals DEX concluded launch week with the distribution of Season 0 retroactive points, recognizing users who traded on a merit-based, invite-only venue with no guarantee of reward.

A defining feature of the program is that 100% of RISE points are allocated to RISEx users, including traders, liquidity providers (LPs), and builder code integrators. Because RISE is an exchange chain and RISEx is its flagship product, the entire network's incentive weight routes through the venue where activity actually occurs, rather than being split across a diffuse ecosystem.

The launch comes amid a structural shift in crypto derivatives, with decentralized perpetuals gaining market share from centralized venues. Perpetual futures are one of crypto's most active trading products, and on-chain venues compete by combining self-custody with faster execution, deeper liquidity, and more flexible collateral systems. Following the successful live deployment of its core exchange infrastructure — including cross-asset netted margining and native Real-World Asset (RWA) trading — the public opening of RISEx's rewards system signals the platform's formal transition into global scale and growth mode.

Ecosystem Traction: By the Numbers

During three months of closed beta, RISEx cultivated organic, institutional-grade liquidity and deep user engagement:

• $3 Billion+ in cumulative trading volume processed since genesis
• $26 Million+ in Open Interest (OI)
• $15 Million+ in Total Value Locked (TVL)
• 15,000+ registered users accumulated entirely through a merit-based referral network

Source: DUNE

Product First, Incentives Second

Sam Battenally, CEO and co-founder of RISE Labs, emphasized the deliberate decision to prioritize engineering before incentives:

"Much to the frustration of our growth team, I was adamant that we would not launch an incentives program until our core exchange engine reached absolute stability. Too often, points programs are deployed prematurely to mask unfinished infrastructure or buy empty, temporary volume. We spent the last few months doing the hard engineering work instead by stabilizing core features like reduce-only GTC and bootstrapping deep, quality liquidity. If you are fueling the engine, it has to perform. Now that our core architecture is fully live, optimized, and performing at a world-class level, we are ready to scale."

Ignite Season 1 Structure and Timeline

Ignite is designed to run according to a product roadmap rather than a fixed marketing calendar. As the exchange ships features and reaches milestones, the season advances accordingly. Planned developments including AutoYield, Permissionless Portfolio Margin, and equity listings are all part of a broader vision to bring full-scale composable finance on-chain.

This approach is intentional: rewards track real product progress rather than forcing the program to overspend early or dilute rewards later, which would penalize early contributors and active traders. In crypto, points programs are commonly used to measure user contribution before a token or governance distribution is finalized, but they are only as credible as the methodology, anti-abuse design, and product activity behind them.

• Live Since: Week 1 of Ignite began on Monday, July 20, 2026, at 00:00 UTC
• Public Distribution: RISEx will distribute 200,000 points per week, settled every Tuesday, with the first weekly distribution on July 28, 2026, at 14:00 UTC
• Season Length: Ignite is expected to end no later than Q2 2027
• Allocation: 100% of RISE points are allocated to RISEx users, including traders, LPs, and builder code integrators

Inside the Ignite Mechanics

Engineered to reward genuine, long-term ecosystem participation over predatory Sybil farming and artificial wash trading, Ignite evaluates user contribution across multiple health metrics rather than volume alone. That distinction matters because volume-only incentives can encourage short-lived activity, while metrics such as fees, slippage, negative markouts, open interest, and hold time can better reflect whether traders and liquidity providers are contributing to usable market depth.

• Multi-Layered Earning: Qualifying activity spans higher-order activity, total costs including fees, slippage and negative markouts, trading volume, and open interest and hold time
• Referral Rewards: Referrers earn an additional 10% of their referee's points
• Undisclosed Weightings: The exact methodology and weightings are not published, protecting the program from being gamed
• Affiliate Program: For those who qualify, the affiliate program offers additional incentives such as fee rebates, point boosts, and more

Institutional-Grade Architecture

RISEx achieves centralized-exchange execution speeds with full self-custody by utilizing RISE Chain, an EVM-compatible Layer 2 network delivering 5 Ggas/s throughput and 1-millisecond latency. Because the exchange and the underlying blockchain share the same state, users benefit from a fully on-chain orderbook where collateral and interconnected DeFi positions exist within a single, atomic execution environment.

With the core perpetual exchange engine stabilized, the platform's mid-term product roadmap is shifting toward the launch of native EVM Spot trading, AutoYield, and Permissionless Portfolio Margin. For users and developers tracking the rollout, the next indicators will be whether these features expand real trading utility while maintaining the execution and liquidity standards RISEx highlighted during its beta phase.

Traders can check eligibility, review retroactive allocations, and begin earning Season 1 points at rise.trade.

About RISEx

RISEx is a fully on-chain perpetuals exchange built on RISE Chain. Delivering centralized-exchange execution speeds with full self-custody, RISEx features an on-chain orderbook that shares state and liquidity with the entire RISE DeFi ecosystem in a single transaction. RISEx offers institutional-grade crypto perpetuals with flexible collateral, with plans to expand into equities, forex, 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 via its proprietary Shreds architecture. Developed by RISE Labs, the network is backed by Galaxy Ventures, Vitalik Buterin, Finality Capital Partners, EtherFi, OrangeDAO, DACM, P2 Ventures, Stani Kulechov, and other leading digital asset investors.

Press Contact: Grigory Prelovskiy — [email protected]

Source: CoinCu