PANews reported on June 10 that according to The Daily Hodl, Ethereum Layer2 project RISE announced that it had received $4 million in investment from Galaxy Ventures, bringing the total funds raised to date to $8 million. The project has previously received investments from Vitalik Buterin and others.

According to reports, RISE has achieved a latency as low as 5 milliseconds through its Shreds transaction architecture, and the test network has processed more than 50,000 transactions in a single block, with a target throughput of 100,000 TPS. RISE uses the "basic sorting" solution based on Ethereum, aiming to maintain decentralization while solving performance bottlenecks.