RISEx Lights "Ignite" After Beta Burns Through $3B, Hands 100% of Points to Its Own Users 🔥

RISEx, a fully on-chain perpetuals exchange built on the high-throughput RISE Chain, has officially launched Ignite: Season 1, its core loyalty and ecosystem points program, following an invite-only beta phase that generated more than $3 billion in cumulative trading volume, according to a July 24, 2026 announcement from Singapore. The program is backed by Galaxy Ventures and Ethereum co-founder Vitalik Buterin and marks the next major step in RISEx's broader ecosystem rollout as the protocol builds toward long-term community ownership and future token distribution. Launch week concluded with the distribution of Season 0 retroactive points, recognizing the users who traded on a merit-based, invite-only venue with no guarantee of reward. The company stated that 100% of RISE points are allocated to RISEx users, including traders, LPs, and builder code integrators, with the entire network's incentive weight routed through the venue where activity actually happens.

The public opening follows the live deployment of RISEx's core exchange infrastructure, including cross-asset netted-margining and native Real-World Asset (RWA) trading, and arrives as decentralized perpetuals venues continue to capture market share from centralized exchanges. Prior to opening public rewards, the RISEx closed beta ran for three months and cultivated what the project described as organic, institutional-grade liquidity and deep user engagement.

"Much to the frustration of our growth team, I was adamant that we would not launch an incentives program until our core exchange engine reached absolute stability," said Sam Battenally, CEO and co-founder of RISE Labs. "Too often, points programs are deployed prematurely to mask unfinished infrastructure or buy empty, temporary volume. We spent the last few months doing the hard engineering work instead by stabilizing core features like reduce-only GTC and bootstrapping deep, quality liquidity. If you are fueling the engine, it has to perform. Now that our core architecture is fully live, optimized, and performing at a world-class level, we are ready to scale."

Ignite is structured around RISEx's product roadmap, with the season advancing as the exchange ships milestones such as AutoYield, Permissionless Portfolio Margin, and equity listings. Rewards are designed to track product progress rather than a marketing calendar, and the protocol has stated that further details on allocation mechanics, multipliers, and future token distribution will be released as the season progresses.