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RISE, an Ethereum layer-2 network focused on high-speed performance, is repositioning itself as a “foundation of global onchain markets” with the debut of RISE Markets and RISEx, the company announced Thursday.
The change marks a step in RISE’s evolution from a high-performance executive layer to the fundamental engine for global chain commerce. With RISE MarketCore, a distributed order infrastructure, and RISEx, a perpetual onchain DEX, RISE aims to position itself as the programmable backbone of decentralized finance (DeFi).
The move comes as RISE acquires BSX Labs, a DEX perp on layer-2 Base, whose technology will support RISE’s new global markets offering.
Traditional financial markets (TradFi), from equity to FX, operate on order books, a structure widely considered incompatible with blockchains due to latency and synchronization challenges. The RISE team claims that the chain’s ultra-low latency performance allows these orders to operate entirely on-chain, unlocking deep liquidity, composability and programmability in DeFi.
RISE MarketCore is the part of the network that allows anyone to build new trading markets directly on the blockchain. It provides the shared system where all buy and sell orders are connected, so the liquidity is automatically combined. 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 main trading platform, designed to give users the experience of a centralized exchange, but with everything happening transparently on-chain.
“RISE has never been just about building a faster blockchain. It’s about enabling a new market structure for the internet,” said Sam Battenally, CEO of RISE, in a press release shared with CoinDesk.
RISEx enters its closed mainnet phase this quarter, with a public launch expected in early 2026. RISE MarketCore will then be open for the permissionless deployment of new onchain markets.
Read more: RISE Chain Secures $4M from Galaxy to Power Ultra-Fast Layer-2
