- RISE Investment
- Technological Achievements of RISE
- The Future of RISE
RISE has raised $3.2 million to develop its Gigagas Layer 2 platform, aimed at significantly improving the scalability of web3 applications.
RISE Investment
RISE has raised $3.2 million in a seed round that was finalized last month. The round was led by Finality Capital with participation from Orange DAO, DACM, ether.fi Ventures, P2 Ventures, MH Ventures, and Public Works. Angel investors include Vitalik Buterin, Stani Kulechov, Anthony Sassano (sassal.eth), DCF God, and several prominent web3 founders.
Technological Achievements of RISE
RISE moves beyond the limitations of Megagas performance to surpass 1 billion gas per second, marking the beginning of the Gigagas Era. This breakthrough has far-reaching implications for multiple sectors, including DeFi, DePIN, gaming, and social networks, opening up new possibilities for web3 apps. Key efforts to unlock the RISE stack include execution and state access optimizations to maximize throughput and minimize latency. RISE developed and open-sourced the pevm, a Parallel EVM engine that is the fastest public EVM executor in the market and set to be integrated into Reth. The RISE stack also features a Continuous Block Pipeline, ensuring full CPU utilization with no idle time by continuously executing L2 transactions while waiting for L1 consensus. RISE tackles state access with a Versioned Merkle Tree to minimize disk compaction and a delta-encoded log-structured database, RiseDB, to minimize state access complexity.
The Future of RISE
RISE prioritizes Ethereum alignment and decentralization. With its optimized database and state access methods, RISE expects full node operation to run efficiently with 32 gigabytes of RAM. RISE also plans to implement Based Sequencing next year, a decentralized approach to Layer 2 block sequencing. The RISE internal testnet is ready for developers to start building high-performance applications. The team is excited to welcome builders to get involved and join the Gigagas Era.
RISE has made a significant step forward in tackling scalability issues and is inviting developers to join the Gigagas Era. Investors and the RISE team are confident in the potential of this technology and expect major innovations in the web3 world.
