Layer-2 developer RISE has secured at least US$4 million in a strategic funding round led by Galaxy Ventures, according to statements made on 9–10 June. One report put total commitments at US$8 million and said Ethereum co-founder Vitalik Buterin also participated, though the company has not yet issued a formal release. RISE is building an Ethereum-compatible roll-up designed for ultra-low latency and high throughput, features seen as critical for on-chain central-limit order books. Public test-net trials processed more than 50,000 transactions in a single second and achieved latency as low as five milliseconds, placing the project among the fastest Layer-2 efforts now in development. The raise underscores growing investor interest in specialised roll-ups that can overcome the bandwidth limitations of early Layer-2 networks. Advocates say custom sequencing and alternative data-availability layers could make platforms like RISE central to the emerging “CLOB wars,” widening the design space for decentralised trading infrastructure.