RISEx Ignites Public Rewards Program After $3B Beta Performance
RISEx, an ultra-high-performance perpetuals exchange built on RISE Chain, has launched its public rewards program called Ignite: Season 1. The loyalty and ecosystem points program marks a major step in the protocol's broader ecosystem rollout as it builds toward long-term community ownership and future token distribution.
The launch arrives amidst a massive structural shift in crypto derivatives, with decentralized perpetuals rapidly devouring centralized venue market share. RISEx has already generated over $3 billion in cumulative trading volume since its genesis, with $26 million in Open Interest (OI) and $15 million in Total Value Locked (TVL).
RISEx's CEO and co-founder Sam Battenally said that they were adamant about not launching an incentives program until their core exchange engine reached absolute stability. 'If you are fueling the engine, it has to perform,' he emphasized.