RISE, the Ethereum Layer 2 network focused on high-speed performance, is re-establishing itself as the “foundation of global on-chain markets” with the debut of RISE Markets and RISEx, the company announced Thursday.
This transition represents a step in RISE’s evolution from a high-performance execution layer to a foundational engine for global on-chain transactions. RISE aims to position itself as the programmable backbone of decentralized finance (DeFi) with its shared order book infrastructure, RISE MarketCore, and its on-chain perpetual DEX, RISEx.
The move follows RISE’s acquisition of BSX Labs, a Layer 2-based PERP DEX whose technology will power RISE’s new global market offerings.
Traditional financial (TradFi) markets, from stocks to FX, operate on order books, and this structure has long been considered incompatible with blockchain due to latency and synchronization issues. The RISE team claims that the chain’s ultra-low latency performance allows these order books to operate completely on-chain, unlocking deep liquidity, composability, and programmability in DeFi.
RISE MarketCore is part of a network that allows anyone to build new trading markets directly on the blockchain. It provides a shared system where all buy and sell orders are connected, so liquidity is automatically pooled. Developers can quickly launch markets for spot or perpetual trading, and over time RISE plans to add more complex products, such as options and prediction markets.
RISEx is RISE’s primary trading platform and is designed to provide users with a centralized exchange experience, but everything happens transparently on-chain.
“RISE is about more than just building faster blockchains. It’s about enabling new market structures for the internet,” RISE CEO Sam Battenary said in a press release shared with CoinDesk.
RISEx will enter the mainnet closed phase this quarter, with public availability scheduled for early 2026. RISE MarketCore will then open and allow new on-chain markets to be deployed without permission.
Read more: RISE Chain secures $4 million to power Galaxy’s ultra-high speed Layer 2
