Thread by @rise_chain

1/ Introducing RISE, the Gigagas Layer 2!

We’re excited to announce our $3.2M seed round! The round is led by @FinalityCap and joined by @OrangeDAOxyz @DigiAssetFund @ether_fi @PolygonVentures @MH_Ventures and @publicworksfm as well as several notable angel investors.

This is just the beginning. The Gigagas Era is here.

2/ We have been in the Megagas Era, where EVM chains measure bandwidth in Mgas/s — with limited technology performance holding back further innovation and adoption.

RISE breaks this ceiling, entering the Gigagas Era with a tech stack that enables bandwidth to surpass 1 billion gas per second (Ggas/s). This is the Ethereum Broadband Moment, our industry will finally have the scale to support its ambitions!

Curious? Learn more about our thoughts on this new Era: medium.com/@rise_chain/th…

3/ RISE achieves its performance with a modified network architecture, a FOSS parallel execution engine, and a new state-access design with a targeted focus on maximizing bandwidth and minimizing latency.

RISE has developed and open-sourced pevm, a Parallel EVM engine which is the fastest public EVM executor in the market. RISE also features a Continuous Block Pipeline to ensure full CPU utilization with no idle time by continuously executing L2 transactions while waiting for L1 consensus.

Learn more about pevm:

4/ To tackle state access, RISE is building a Versioned Merkle Tree to minimize disc compaction, and RiseDB, a custom delta-encoded log-structured database.

Learn more about RISE: docs.riselabs.xyz/getting-starte…

5/ Finalized last month, the round also found support from notable angel investors such as @VitalikButerin @StaniKulechov @sassal0x @dcfgod @sandeepnailwal @notscottmoore @samkazemian @ASvanevik and more.

Their support shows the weight of our mission and the potential of the Gigagas era.

6/ At RISE, we’re unlocking the next generation of Ethereum scalability.

Our internal testnet is live, and we’re welcoming builders to join us in creating DeFi primitive and other high-performance dApps on The Gigagas L2.

To the builders - the future is built on RISE, come build it with us:

Everyone is welcome to the RISE community: docs.riselabs.xyz/build-on-rise/…
discord.gg/risechain

7/ The RISE mission is led by founders @sam_battenally @hai_rise and @0xsashamai.

The first spark of the idea began in 2023, and soon got support from @loi_luu and @CaliberBuild’s incubation program.

For inquiries, email: [e-mail]