24h post S0 drop:
- OI: 32M (+10M from yesterday😮)
- Vol: 102M (+10M from yesterday)
- # of DAU: 3335 (peak since launch)
- TVL: 16M (+1M)
Every metric up on the day, and the book is busier than it has been at any point since RISEx opened
RISE
$1B in trading volume surpassed on RISEx since Private Beta opened.
Built with feedback from the traders who showed up first and helped refine the product.
Thank you for the continued support. This is just the beginning.
As it's been a popular topic of discussion, allow us to weigh in. Both RFQ and onchain CLOB have their place in the ecosystem.
RFQ excels at retail distribution, but CLOB wins on true composability.
When everything lives onchain, smart contracts can read depth, build vaults, enable atomic strategies, and create real DeFi innovation.
That’s why we’re building a fully onchain orderbook.
Investment size doesn’t matter, revenue does
Let’s compare some statistics for the past week (May 4-10) taken from DefiLlama on fees vs investments in these chains:
@risechain - Raised $9.2M, weekly revenue $150k
@arbitrum - Raised $123M, weekly revenue $94k
@Aptos - Raised $350M, weekly revenue $47k
@Starknet - Raised $282M, weekly revenue $45k
@SuiNetwork - Raised $405M, weekly revenue $44k
@monad - Raised $431M, weekly revenue $34k
@megaeth - Raised $107M, weekly revenue $16k
@Optimism - Raised $267M, weekly revenue $10k
@zksync - Raised $458M, weekly revenue $4k
@berachain - Raised $142M, weekly revenue $752
In my opinion, this is a really strong start for @risechain. The main thing now is to keep the momentum going
If you need a code, DM me
All-time volume 1M+ achieved.
@risextrade is operating in private-only mode. The codes I initially shared with the community have all been used up, but I've secured 5 additional codes.
The more people who onboard, the richer RISEx exchange's liquidity will become, and the remaining shortcomings "in liquidity" will also be addressed. In terms of speed, it already shows the best metrics.
Join my team. Feel free to DM me, or leave a comment and I'll DM you.
RISEx Metrics Interpretation
1. Trade cycle: 151ms (n=15) — #1 out of the 6 venues measured. Significantly faster than NADO (268ms) and Lighter (591ms). Highly attractive for arbitrage and signal-following bots, where speed from signal detection to entry is everything.
2. Exit cycle: 154ms (n=5) — #1. Market-order liquidation completes in 0.15 seconds. Best-in-class responsiveness for stop-loss and kill-switch bots. Market ack: 108ms — #2 behind Lighter (98ms), but effectively tied. Solid matching engine responsiveness.
3. Fill confirm: 44ms (median) — Fastest among the 6 venues (vs. NADO 57ms, Pacifica 600ms). Position state is recognized almost simultaneously with the ack.
4. Spread: 0.01bps — Tied for #1 with Lighter. Baseline entry/exit cost is essentially zero, minimizing friction for two-way trading.
By these 5 metrics alone, RISEx is "the fastest venue" — a fantastic environment for small-size HFT.
RISE was built on the thesis that an execution bottleneck was holding back complex onchain applications.
The raw execution required to run a fully onchain orderbook is now being showcased by @risextrade, with gas usage from single app already exceeding Ethereum and all L2s combined.
I see two counter-trends at play
1. Continued dollarisation in emerging markets
2. Regional stablecoin adoption from wealthy nations driven by sovereign ambitions
Regional stablecoin growth is expected.
How about the flows? I expect flows to gravitate towards orderbooks