RISEx Opens Ignite Season 1 After Massive $3B Beta Launch

RISEx, a decentralized perpetual exchange built on the RISE Chain, has officially opened its Ignite Season 1 points program to the public. This launch follows an invite only beta phase that saw the platform process over $3 billion in trading volume. The exchange aims to reward genuine activity from traders, liquidity providers, and developers while building toward long term community ownership.

Unlike many platforms that rush to release incentives, the RISEx team focused on stabilizing its infrastructure first. CEO Sam Battenally noted that the team prioritized engineering stability over early marketing gimmicks. With the core exchange engine now operating at a high level, the project is moving into a growth phase that includes features like cross asset netted margining and real world asset trading.

The Ignite program is designed to prevent unfair gaming by using undisclosed weightings that track actual platform usage. Instead of just looking at volume, the system evaluates total costs, open interest, and holding times. The project has committed to distributing 100 percent of RISE points directly to its users rather than splitting rewards across unrelated ecosystem participants.

Traders can participate in the program starting now, with the first weekly distribution of 200,000 points scheduled for July 28. The program is expected to run through the second quarter of 2027. Investors and users should watch for upcoming platform updates, including native spot trading and portfolio margin features, as the exchange continues to grow its institutional grade offerings.