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Rise Chain is an Ethereum L2 with potential 100,000 TPS that employs parallel transaction processing to achieve higher transaction throughput capacity. It features its own parallel smart contract execution machine, PEVM, which it calls “EVM on steroids.”
On September 15th, 2024, the project closed a $3.2M Seed funding round with the participation of Finality Capital Partners, Vitalik Buterin, Stani Kulechov, Sandeep Nailwal, and other investors.