Ethereum L2 project RISE receives $4 million investment from Galaxy Ventures

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PANews
06-10
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PANews reported on June 10 that according to The Daily Hodl, the Ethereum Layer 2 project RISE announced receiving a $4 million investment from Galaxy Ventures, bringing its total fundraising to $8 million. The project has previously received investments from Vitalik Buterin and others.

According to the introduction, RISE achieves latency as low as 5 milliseconds through its Shreds trading architecture, with the test network processing over 50,000 transactions per block and targeting a throughput of 100,000 TPS. RISE adopts an Ethereum-based "basic ordering" scheme aimed at maintaining decentralization while addressing performance bottlenecks.

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