Rise Chain is an Ethereum L2 that aims to achieve a 100,000 TPS and sub-5-millisecond latency by enabling parallel transaction processing within its network. It introduces PEVM, so-called “EVM on steroids,” which allows the network to execute transactions in parallel while following the key transaction execution rules of EVM to achieve Ethereum compatibility.
Since its inception in 2024, the project has raised $7.2M from private investors, including Galaxy, Sandeep Nailwal, Vitalik Buterin, and others. On August 18th, the platform aims to hold an IDO on Capital (Kaito) Launchpad, aiming to raise an additional $2M at the $200M valuation.
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Rise Chain is an Ethereum L2 built by Rise Labs to introduce a secure and fast solution for scaling Ethereum L1. It aims to reach over 100,000 TPS with sub-5-millisecond latency by introducing multiple changes in the transaction execution to make them process faster while maintaining an Ethereum-level of security.
One of the key changes implemented by Rise Labs was PEVM, a pioneering smart contract execution engine that allows Rise Chain to execute transactions in a parallel manner. This design is already utilized in multiple prominent L1 chains, such as Solana or Sui, as well as some Ethereum L2s, including Monad or Movement chains.
This allows the Rise blockchain to reduce base transaction processing time and offer lower fees. At the same time, PEVM remains compatible with most of Ethereum dApps and wallets, by following the same rules of transaction execution as EVMs and integrating Reth. This enables developers to seamlessly integrate Rise L2 into their applications.
What’s more, to even further boost the network’s capacity, it allows nodes to start pre-executing transactions while they’re still in the mempool and utilize continuous batches (CBP) instead of blocks. This avoids merkleization steps and delivers near real-time state updates.
🪙 Rise Chain token: As of August 2025, there’s limited info regarding the Rise Chain token. However, the team has already confirmed the launch of the coin in the future, as it announced IDO on Capital Launchpad. We assume its main utility will be governance and powering the decentralized sequencer of the network, similarly to other L2s.
There’s also an active Rise testnet, which may potentially qualify participants for the Rise Chain airdrop. Considering all these events, the CoinLaunch team conducted a comprehensive research on the Rise crypto project and discovered some of its pros and cons:
✅ Rise chain pros:
❌ Rise chain cons:
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