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.

Backed by Galaxy Ventures and Vitalik Buterin, the ultra-high-performance perpetuals DEX opened the public rewards program after an invite-only beta phase that generated more than $3 billion in cumulative trading volume. RISEx said the program represents 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 today with the distribution of Season 0 retroactive points to users who traded on the merit-based, invite-only venue without any guarantee of rewards.

RISEx said the program includes a structure it says competing venues cannot claim: 100% of RISE points are allocated to RISEx users, including traders, liquidity providers and builder code integrators. According to the announcement, RISE is an exchange chain and RISEx is its product, meaning the network’s incentive weight is routed through the venue where activity occurs rather than being divided across a broader ecosystem.

The launch comes as crypto derivatives activity continues to shift, with decentralized perpetuals taking market share from centralized venues. Perpetual futures are among the most actively traded crypto products because they allow traders to take leveraged long or short exposure without an expiry date, making execution speed, liquidity depth and margin design central to venue competition. RISEx said the public opening of its 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 formal transition into global scale and growth mode.

Ecosystem Traction by the Numbers

Before public rewards opened, RISEx said its closed beta built organic, institutional-grade liquidity and user engagement over three months. The platform 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 entirely 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.”

Points programs have become a common growth tool for crypto protocols preparing for broader network ownership or token-related milestones, but their design can affect the type of activity a venue attracts. RISEx’s stated emphasis on stability before incentives places the Ignite launch after the exchange’s beta-period liquidity and infrastructure rollout rather than before it.

Ignite Season 1 Structure and Timeline

RISEx said Ignite is organized around its product roadmap and reflects the company’s commitment to the RISE mission. As the exchange ships products and reaches milestones, the season is designed to move with it. AutoYield, Permissionless Portfolio Margin and equity listings are described as part of a wider plan to bring full-scale composable finance on-chain.

The structure is intended to make rewards track product progress rather than a fixed marketing calendar that could require early overspending or later dilution of rewards, which RISEx said would 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, 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.

The allocation remains the same across the program: 100% of RISE points are allocated to RISEx users, including traders, LPs and builder code integrators.

Inside the Ignite Mechanics

RISEx said Ignite was engineered to reward genuine, long-term ecosystem participation and to limit predatory Sybil farming and artificial wash trading. The program evaluates user contributions across multiple health metrics rather than 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 protect the program from being gamed. For users who qualify, the affiliate program offers additional incentives including fee rebates, point boosts and other benefits.

Institutional-Grade Architecture

RISEx said it achieves centralized-exchange execution speeds while maintaining full self-custody by using RISE Chain, an EVM-compatible Layer 2 network that it says delivers 5 Ggas/s throughput and 1-millisecond latency. Because the exchange and the underlying blockchain share the same state, the platform provides a fully on-chain orderbook where collateral and interconnected DeFi positions exist inside a single, atomic execution environment.

That architecture is positioned against a long-running trade-off in crypto market structure: centralized exchanges typically offer faster execution and deeper books, while DeFi venues prioritize self-custody and on-chain settlement. RISEx is presenting RISE Chain’s shared-state design as the basis for combining exchange-style performance with composability across DeFi applications.

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

Traders can clear the gate, check their 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 platform 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 entire 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.

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