Singapore, Singapore, July 24, 2026, Chainwire — RISEx, a 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 public rewards program follows an invite-only beta phase that generated more than $3 billion in cumulative trading volume. RISEx said the launch is part of its broader ecosystem rollout as the protocol works toward long-term community ownership and a future token distribution.

RISEx is backed by Galaxy Ventures and Vitalik Buterin. The exchange describes itself as an ultra-high-performance perpetuals decentralized exchange, or perp DEX, built to combine centralized-exchange execution speeds with self-custody.

Launch week concluded with the distribution of Season 0 retroactive points, which recognized users who traded on a merit-based, invite-only venue without any guarantee of receiving rewards.

RISEx said 100% of RISE points are allocated to RISEx users, including traders, liquidity providers and builder code integrators. According to the company, RISE is an exchange chain and RISEx is its product, meaning the network’s incentive weight is routed through the venue where user activity takes place rather than being divided across a broader ecosystem.

The launch comes as decentralized perpetuals continue to compete with centralized derivatives venues. On-chain perp DEXs such as dYdX, GMX, and Hyperliquid have driven growing share of crypto derivatives volume over the past two years, and loyalty points programs have become a widely used mechanism across DeFi protocols to bootstrap retention ahead of potential token launches. RISEx said its public rewards system follows the live deployment of its core exchange infrastructure, including cross-asset netted margining and native Real-World Asset (RWA) trading, and marks the platform’s transition into a wider growth phase.

Ecosystem traction

Before opening public rewards, RISEx said its closed beta developed organic liquidity and user engagement over a three-month period. The company reported the following metrics:

• 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 follow the exchange’s product roadmap rather than a fixed marketing calendar. As the exchange ships products and reaches milestones, the season will move with it. AutoYield, Permissionless Portfolio Margin and equity listings are all described as part of a broader plan to bring full-scale composable finance on-chain.

The company said this structure is intended to make rewards track product progress, rather than forcing a program to overspend early or dilute rewards later in a way that could penalize early contributors and active traders.

Week 1 of Ignite began on Monday, July 20, 2026, at 00:00 UTC.

RISEx will distribute 200,000 points per week, with settlements every Tuesday. The first weekly distribution is scheduled for July 28, 2026, at 14:00 UTC.

Ignite is expected to end no later than Q2 2027.

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

Ignite mechanics

RISEx said Ignite was engineered to reward long-term ecosystem participation and reduce predatory Sybil farming and artificial wash trading. The program evaluates user contributions across several health metrics rather than relying only on volume.

Qualifying activity includes higher-order activity, total costs such as 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 protect the program from being gamed.

The company also said qualified participants in its affiliate program may receive additional incentives, including fee rebates, point boosts and other benefits.

Institutional-grade architecture

RISEx runs on RISE Chain, an EVM-compatible Layer 2 network that the company says delivers 5 Ggas/s throughput and 1-millisecond latency. The exchange said this architecture allows RISEx to provide centralized-exchange execution speeds while maintaining full self-custody.

Because the exchange and the underlying blockchain share the same state, users have access to a fully on-chain order book where collateral and interconnected DeFi positions exist in a single, atomic execution environment.

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. The planned expansion into equities, forex and commodities would position RISEx alongside a small but growing segment of DeFi protocols pursuing tokenized real-world asset markets.

Users can clear the gate, check retroactive allocations and begin earning Season 1 points by visiting rise.trade.

About RISEx

RISEx is a fully on-chain perpetuals exchange built on RISE Chain. The exchange is designed to deliver centralized-exchange execution speeds with full self-custody and includes an on-chain order book 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. It delivers 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].