RISEx has crossed a major milestone, processing over $3 billion in cumulative trading volume during its invite-only beta phase. This achievement sets the stage for the launch of Ignite: Season 1, the platform’s new loyalty and ecosystem points program designed to reward active community members and support long-term growth.
Building Momentum with Real Metrics
The closed beta ran for three months, gathering institutional-grade liquidity and deep user engagement. It attracted more than 15,000 registered users through a merit-based referral system, with $26 million in open interest and $15 million locked in total value. These figures demonstrate strong organic traction without relying on artificial incentives.
Unlike other exchanges that split rewards across multiple platforms or tokens, RISEx’s incentive program channels 100% of RISE points directly to its users, including traders, liquidity providers, and integrators. This focus keeps all rewards within the product where the actual trading activity happens, aiming to strengthen the core ecosystem.
Prioritizing Stability Before Rewards
Sam Battenally, CEO and co-founder of RISE Labs, emphasized that the team deliberately delayed launching a rewards program until the exchange infrastructure was fully stable and optimized. The platform recently implemented features like reduce-only Good-Til-Canceled orders and cross-asset netted-margining, ensuring solid performance before scaling incentive efforts.
This approach counters the common industry practice of offering early incentives to boost volume temporarily, which often leads to unsustainable growth and disappointed users. Instead, RISEx focused on engineering a resilient foundation before introducing Ignite, signaling a mature strategy in the rapidly evolving decentralized perpetuals market.
The rollout comes amid a broader shift as decentralized derivatives platforms take market share from centralized venues. RISEx’s native support for Real-World Asset trading and its smooth integration with the high-throughput RISE Chain position it well for the next phase of global expansion.
This content is informational and does not constitute financial advice.
