Ethereum Layer-2 RISE Unveils RISEx and MarketCore to Build Global On-Chain Markets
RISE, an Ethereum layer-2 network, is transitioning to a 'foundation of global onchain markets' with the launch of RISE Markets and RISEx. The project includes RISE MarketCore, an onchain shared orderbook infrastructure, and RISEx, an onchain perpetuals DEX, aiming to revolutionize decentralized finance (DeFi) by enabling programmable, synchronized, and deep liquidity markets. RISE has acquired BSX Labs to strengthen its offering, and its ultra-low-latency performance allows traditional financial structures like orderbooks to function entirely onchain. With plans to introduce more complex financial products over time, RISE aims to establish itself as the backbone of internet-based market structures. RISEx is currently in a closed mainnet phase, with public launch scheduled for early 2026.
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RISE as a Foundation for Global Onchain Markets
RISE, an Ethereum layer-2 network focused on high-speed performance, is rebranding itself as the “foundation of global onchain markets” with the introduction of RISE Markets and RISEx, the company announced on Thursday. This shift represents a significant step in RISE’s evolution, transitioning from a high-performance execution layer to becoming the foundational engine for global onchain trading.
Key Components of RISE's Strategy
RISE is leveraging two core innovations to achieve this goal:
- RISE MarketCore, a shared orderbook infrastructure built to facilitate global onchain trading.
- RISEx, an onchain perpetuals decentralized exchange (DEX).
By integrating these two elements, RISE seeks to establish itself as the programmable backbone of decentralized finance (DeFi).
Acquisition of BSX Labs
As part of its strategy, RISE has acquired BSX Labs, a perpetual DEX on layer-2 Base. The technology underpinning BSX Labs will form the foundation for RISE’s new global markets offering. This acquisition highlights RISE's commitment to enhancing its infrastructure and scaling its market capabilities.
RISE's Innovations in Onchain Orderbooks
Traditional financial (TradFi) markets, such as equities and FX, rely on orderbooks, a framework typically considered incompatible with blockchains due to issues like latency and synchronization. However, RISE's ultra-low-latency performance enables fully onchain orderbooks, unlocking deep liquidity, composability, and programmability within DeFi.
RISE MarketCore: Empowering Developers
RISE MarketCore allows developers to create new onchain trading markets directly on the blockchain. This shared system connects all buy and sell orders, ensuring automatic liquidity pooling.
Developers can easily launch markets for spot or perpetual trading, and over time, RISE plans to introduce more complex trading products, such as options and prediction markets.
RISEx: A Transparent and Decentralized Trading Platform
RISEx is RISE's flagship trading platform, designed to offer users the efficiency of a centralized exchange, but with the advantage of transparent, fully onchain operations.
According to Sam Battenally, CEO of RISE, "RISE was never just about building a faster blockchain. It’s about enabling a new market structure for the internet."
Timeline for RISEx and MarketCore
RISEx has entered its closed mainnet phase this quarter, with a public launch scheduled for early 2026. Following this, RISE MarketCore will enable permissionless deployment of new onchain markets, significantly opening up possibilities in the DeFi ecosystem.