RISEx Stats 2026: Volume, OI & Fees

RISEx Review 2026

What RISEx is

RISEx is a perpetuals exchange built as a fully on-chain central limit order book — orders, matching and settlement all happen in the EVM — running on RISE Chain, the team's own Ethereum layer-2. The pitch is "CEX-grade speed, on-chain". RISE positions its L2 around a throughput unit it calls "gigagas" (gas-per-second rather than transactions-per-second) and cites private-beta numbers like multiple gigagas/second, 50k+ TPS and ~1ms order-book updates. Treat all of those as the team's own claims — no independent benchmark of them turned up in our research.

The pedigree is real. RISE raised a $3.2M seed in September 2024 (led by Finality Capital, with angels including Vitalik Buterin and Aave's Stani Kulechov) and roughly $4M more led by Galaxy Ventures in mid-2025. In November 2025 it acquired BSX Labs — a Base perp DEX backed by Blockchain Capital and Coinbase Ventures that had done $15B+ in cumulative volume — and folded BSX's team (ex-Coinbase, Kraken, Jump, FalconX) and technology into RISEx. Gated mainnet trading went live around May 2026.

Read this before depositing: no audit yet, and it's already live

This is the section that matters most. As of July 2026, RISEx has no completed, published third-party security audit. Its own FAQ says contracts have had "internal reviews" and are "in the process of third-party audits," with reports "published once complete" — no firm, scope or date named. DefiLlama's own protocol metadata independently records zero audits on file.

An unaudited, fully on-chain CLOB that is already live on mainnet holding real USDC collateral is a materially higher-risk profile than the typical pre-launch project — the code custodying and matching real money has not been independently reviewed. Strong investors and an experienced team reduce, but do not remove, smart-contract risk. Our security score of 3.5/10 is driven almost entirely by this gap; it should rise meaningfully once real audits land. Until then, size any deposit as capital you can afford to lose, and prefer the audited venues on our rankings for the bulk of your stack.

Markets, leverage and the volume question

RISEx lists about 15 USDC-margined crypto perps — BTC, ETH, SOL, BNB, HYPE, XRP, TAO, ZEC, ONDO, NEAR and a rotating tail — with spot "coming soon". Leverage, read directly from its market config, tops out at 25x on BTC and ETH, 20x on SOL/BNB/HYPE, and less on smaller markets — modest next to the 50–100x on some competitors.

The volume needs an honest caveat. DefiLlama shows ~$69M reported (and ~$87M "normalized") 24h volume and ~$1.1B over 30 days — and this is genuinely mainnet activity, not testnet (the collateral is real USDC bridged via LayerZero; DefiLlama tracks the live contract). But two things temper it: trading is invite-only, so the real user base is small, and RISEx runs cash-prize competitions that pay out per unit of "platform volume" — a direct incentive to maximise trade notional. With open interest only ~$16–18M against tens of millions in daily volume (a ~5x volume/OI ratio) and TVL around $10M, the honest read is *real dollars and real fees, but volume plausibly amplified by a handful of incentivised, invited participants rather than broad organic demand*. That is different from "fake volume" — but it is not the deep, open liquidity the headline number might imply.

Fees: genuinely cheap

Standard Tier 1 pricing is 0.03% taker and 0.01% maker — cheaper than most CEXes and among the lowest of any perp DEX, comparable to what you'll see for Gate.io or Bybit VIP tiers but available at the base level. You can line it up against every other venue in our fee calculator. For an active trader who can actually get gated access, the fee schedule is a real draw.

Verdict

RISEx is one of the more credible new on-chain-CLOB efforts: cheap fees, an experienced acquired team, and top-tier backers. But two facts gate any recommendation — there is no published audit on a venue already holding real collateral, and access is invite-only with volume that looks incentive-inflated on a small base. Watch it, farm the (real) fee advantage if you can get in, and revisit the moment audits and an open, un-gated launch arrive. For now it's a promising experiment, not a place for the core of your book.

Frequently Asked Questions

Trading Tools