RISE Labs: Pioneering Ethereum's Next Era of Speed and Decentralization
Deal News | Jun 09, 2025 | Galaxy Digital LP
Galaxy Digital LP is investing in RISE Labs, a company focused on overcoming the scaling challenges of Ethereum to meet mainstream demand. RISE Labs is pioneering a new paradigm in Layer 2 solutions, emphasizing parallel execution chains which significantly enhance throughput while maintaining Ethereum’s decentralization principles. Their proprietary pevm engine facilitates parallel processing, boasting 55 gigagas/sec throughput—representing a major departure from the existing single-threaded Ethereum Virtual Machine model. RISE's innovative model promises fast transaction speeds with millisecond latency, targeting 100k transactions per second. The initiative is crucial for DeFi and AI applications, offering a decentralized, resilient architecture devoid of centralized operators. Headed by experts including high-frequency trading leader CEO Sam Battenally, the team includes influential figures from Ethereum's development ecosystem. Galaxy Digital views RISE as a long-term solution in the competitive Ethereum scaling landscape, aiming to maintain Ethereum's foundational characteristics such as openness and censorship resistance.
Sectors
- Blockchain and Cryptocurrency
- Financial Technology (FinTech)
Geography
- United States – Galaxy Digital, the primary investor, is based in the United States, which plays a significant role in the article.
- Global – Ethereum and its scaling challenges are global phenomena, affecting users and developers worldwide.
Industry
- Blockchain and Cryptocurrency – The article discusses advancements in Ethereum scaling, which is a core challenge within the blockchain and cryptocurrency industry.
- Financial Technology (FinTech) – RISE Labs' technology is applicable to DeFi and AI-driven financial applications, connecting it to the broader FinTech industry.
Financials
- – The article does not disclose specific financial figures related to the investment by Galaxy Digital in RISE Labs.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Galaxy Digital LP | Investor | Company | A prominent financial services firm focused on cryptocurrency and blockchain technology. |
| RISE Labs | Target Company | Company | A technology company developing advanced scaling solutions for Ethereum through parallel execution engines. |
| Sam Battenally | CEO of RISE Labs | Person | CEO with expertise in high-frequency trading and leadership in engineering, deeply involved in Ethereum's development. |