RISE Labs: Scaling Ethereum with Galaxy Digital's Backing

Galaxy Digital LP has announced its investment in RISE Labs, a company focused on advancing Ethereum scalability without compromising decentralization. RISE Labs introduces a novel approach to Layer 2 scaling on Ethereum through parallel execution chains, which promise to significantly enhance transaction speeds and throughput while maintaining Ethereum's principles of decentralization. This new architecture allows for real-time processing with a latency as low as 5 milliseconds and a target of 100,000 transactions per second. Key use cases include decentralized finance, on-chain central limit order books, and autonomous AI agents. The RISE Labs team, led by CEO Sam Battenally along with co-founders Hai Nguyen and Sasha Mai, brings expertise from high-frequency trading and Ethereum protocol design. With a unique architecture focused on decentralized validation, RISE addresses the challenge of scaling in a manner aligned with Ethereum's core values. Galaxy Digital’s support underscores its belief in RISE Labs’ potential to set new standards for high-performance applications.