Singapore, Singapore, July 24, 2026 — Chainwire

RISEx, the fully on-chain perpetuals exchange built on the high-throughput RISE Chain, has launched Ignite: Season 1, its core loyalty and ecosystem points program. The launch follows an invite-only beta phase that generated more than $3 billion in cumulative trading volume, according to the announcement.

Backed by Galaxy Ventures and Vitalik Buterin, RISEx said the public rewards program is the next major step in its broader ecosystem rollout as the protocol works toward long-term community ownership and a future token distribution.

The launch week concluded with the distribution of Season 0 retroactive points, recognizing users who traded on a merit-based, invite-only venue with no guarantee of reward.

RISEx said 100% of RISE points are allocated to RISEx users, including traders, liquidity providers and builder code integrators. The company described RISE as an exchange chain and RISEx as its product, with the network’s incentive weight routed through the venue where activity takes place rather than split across a wider ecosystem.

The announcement comes as decentralized perpetuals continue to compete with centralized crypto derivatives venues. Perpetual futures are among the most active crypto trading products, and fully on-chain venues are attempting to combine exchange-style execution with self-custody and transparent settlement. RISEx said its public rewards system follows the live deployment of core exchange infrastructure, including cross-asset netted margining and native Real-World Asset (RWA) trading, and marks the platform’s transition into a broader growth phase.

Ecosystem traction

Before opening public rewards, RISEx said its closed beta generated organic, institutional-grade liquidity and user engagement over three months. Reported figures included:

• More than $3 billion in cumulative trading volume processed since genesis.
• More than $26 million in open interest (OI).
• More than $15 million in total value locked (TVL).
• More than 15,000 registered users accumulated through a merit-based referral network.

Source: DUNE

Product first, incentives second

“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,” said Sam Battenally, CEO and co-founder of RISE Labs. “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

RISEx said Ignite is designed to run according to its product roadmap and the broader RISE mission. As the exchange ships products and reaches milestones, the season will progress alongside it. AutoYield, Permissionless Portfolio Margin and equity listings are described as part of a larger plan to bring full-scale composable finance on-chain.

The company said this approach is intentional, with rewards intended to track real product progress rather than a fixed marketing calendar that could overspend early or reduce rewards later for early contributors and active traders. In crypto markets, points programs are commonly used to measure participation ahead of potential token-related events, making the criteria, distribution cadence and anti-abuse controls important parts of how users evaluate a campaign.

Week 1 of Ignite began on Monday, July 20, 2026, at 00:00 UTC. RISEx said it will distribute 200,000 points per week, settled every Tuesday, with the first weekly distribution scheduled for July 28, 2026, at 14:00 UTC. Ignite is expected to end no later than Q2 2027.

RISEx reiterated that 100% of RISE points are allocated to RISEx users, including traders, liquidity providers and builder code integrators.

Ignite mechanics

Ignite is designed to reward long-term ecosystem participation and discourage predatory Sybil farming and artificial wash trading, RISEx said. The program evaluates user contribution across multiple health metrics rather than trading volume alone.

Qualifying activity includes higher-order activity; total costs, including fees, slippage and negative markouts; trading volume; and open interest and hold time. Referrers earn an additional 10% of their referee’s points.

RISEx said the exact methodology and weightings are not published in order to reduce the risk of the program being gamed. For eligible participants, the affiliate program offers additional incentives, including fee rebates, point boosts and other benefits.

Institutional-grade architecture

RISEx said it delivers centralized-exchange execution speeds while maintaining full self-custody by using RISE Chain, an EVM-compatible Layer 2 network with 5 Ggas/s throughput and 1-millisecond latency.

Because the exchange and the underlying blockchain share the same state, RISEx said users can access a fully on-chain orderbook in which collateral and interconnected DeFi positions exist within a single, atomic execution environment. That shared-state design is central to the project’s positioning, since on-chain derivatives venues must balance transparency and custody benefits with the latency and liquidity requirements of active trading.

With the core perpetual exchange engine stabilized, RISEx said its mid-term product roadmap is shifting toward native EVM spot trading, AutoYield and Permissionless Portfolio Margin.

Traders can clear the gate, check retroactive allocations and begin earning Season 1 points by visiting RISEx.

About RISEx

RISEx is a fully on-chain perpetuals exchange built on RISE Chain. It is designed to deliver centralized-exchange execution speeds with full self-custody and features an on-chain orderbook that shares state and liquidity with the RISE DeFi ecosystem in a single transaction. RISEx offers institutional-grade crypto perpetuals with flexible collateral and plans to expand into equities, forex and commodities.

About RISE Chain

RISE Chain is a next-generation Ethereum Layer 2 built for high-performance DeFi, delivering 5 Ggas/s throughput and Web2-like latency through 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 digital asset investors.

Contact: Grigory Prelovskiy, [email protected]

Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.