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About RISEx
RISEx is a decentralized spot and perpetual exchange built on RISE Chain, featuring an on-chain orderbook for composable trading.
On July 13, 2026, RISEx deployed the XLP Vault, built on Yearn V3 infrastructure, with a multi-strategy allocation of 70% crypto market making, 25% RWA market making, and 5% liquidation, laying the groundwork for unified liquidity.
By July 21, 2026, RISEx had processed approximately $3.5 billion in cumulative perpetual volume, demonstrating the viability of fully on-chain orderbook execution.
On August 3, 2026, the RWA strategy linked to the XLP Vault experienced an unauthorized withdrawal of about $673,000 USDC, caused by a configuration error. The team fixed the issue within minutes and fully compensated users, highlighting the protocol's risk control and transparent incident handling.
As a Web3 data analyst, here are RISEx's key developments from 2026-03-04 to 2026-09-04:
On July 20, 2026, RISEx officially launched Ignite: Season 1, transitioning from invite-only beta to public operations. The platform accumulated over $3B in cumulative trading volume during its beta phase, with $26M+ in open interest and $15M+ in TVL, alongside 15,000+ registered users. The points program distributes 200,000 RISE points weekly, running until Q2 2027.
Looking ahead, RISEx's roadmap prioritizes native EVM Spot trading, AutoYield (automated yield routing for idle margin), and Permissionless Portfolio Margin. The exchange plans to expand beyond crypto perpetuals into equities, forex, and commodities, leveraging RISE Chain's 5 Ggas/s throughput and 1ms latency for a fully on-chain orderbook.
Sam Battenally (Co-Founder & CEO): Previously Co-Founder & CTO of RoboLabs, graduated from Australian National University. Deeply involved in Ethereum research, collaborating with EF researchers on EIPs and based sequencing.
Hai Nguyen (Co-Founder & CTO): Protocol design and engineering leadership, drawing from past leadership roles.
Sasha Mai Herbert (Co-Founder & CGO): Graduated from UC San Diego, leads growth strategy.