Most DEXs put settlement onchain. @risechain put the entire orderbook onchain.
That's not a small difference. That's a different category of product.
source:https://t.co/Yn8AuSEmO8
The destination is in sight.
Icarus is coming to @RISEChain. Very soon.
RISE's native ve(3,3) DEX. High APRs for LPs. 100% of fees to token lockers.
Invite-only at launch. The waitlist is your fastest way in.
👉 https://t.co/GIRJAcmFyz
weRISE
My take: a perp DEX can only be considered truly early-stage if it doesn't have a points program yet.
Once points are introduced, speculation starts. People begin estimating airdrop valuations, farming becomes a thing, and the points system itself turns into a powerful marketing engine that attracts thousands - sometimes tens of thousands - of users.
So here's my tier list of perp DEXs that still don't have points programs.
S Tier
@tradexyz - do I even need to explain this one?
By now everyone knows they're absolute gigachads in the perp DEX space. Just yesterday, news broke that the CFTC is considering blocking CME's proposal for 24/7 oil trading after CME raised concerns about @HyperliquidX. TradeXYZ has played a meaningful role in pushing the industry forward as well.
It seems unlikely they need a points program, an airdrop, or even a token. But who knows.
A Tier
@risextrade - perp DEX built on @risechain ($9.2M raised), backed by @galaxyhq, @VitalikButerin, @StaniKulechov, and others. Access is currently invite-only.
FCFS invite codes:
WO1YEGEX
24W7BXFG
4RZSQU6P
Need more? DM me.
@get_truenorth - a perp DEX integrating AI-driven on-chain analysis, technical analysis, and market intelligence. Their AI aggregates information from 40+ sources simultaneously and generates trading insights tailored to your preferences. What differentiates TrueNorth from most perp DEXs is its heavy focus on analytics and AI-powered signal discovery.
I believe the combination of perp trading and AI could become the next major narrative in the sector, just as RWA is one of the dominant narratives today.
Founders @moonshot6666 - PhD in Machine Learning, ex-NVIDIA, ex-Intel. @WillyChuang - built and exited a SaaS company after Series B, built WOO X, now focused on TrueNorth.
Raised $3M from @Delphi_Digital, @GSR_io, @cyberfund , and others.
Points are being tracked retroactively. If you want a 15% points boost: https://t.co/ykcB5ehm7R
@slx_fi - Built by a team of 6+ engineers, many of whom come from Citadel, Jump, Jane Street, and other quant backgrounds. Led by @0xdoug, founder of Ambient Finance ($6.5M raised).
If you've previously used Ambient, that activity will be taken into account once the Superluminal perp DEX launches.
Currently whitelist-only - https://t.co/3GVHNjLHdC. The more referrals you bring, the earlier you'll get access.
B Tier
@hellotradeapp - perp DEX building on @monad ($4.6M raised), backed by @dragonfly_xyz and @mirana. Whitelist-only for now.
Current personal activity:
- TradeXYZ - trading organically using a delta-neutral strategy combined with funding-rate arbitrage across multiple perp DEXs.
- RiseX - actively trading via the market-making bot provided by @tread_fi - https://t.co/telC6PkrE7
- TrueNorth - primarily using their AI analytics stack, which has been genuinely helpful for trade research and decision-making.
- Superluminal - currently waiting for access; I've only completed the whitelist so far.
- Hello Trade - whitelist submitted as well, now waiting for access.
KyberSwap routing across every venue on RISE.
@heliosdottrade Helios sharing 1ms execution slots with RISEx.
USDR backed 1:1 by T-bills, yield accruing onchain.
The stack is forming.
Home for global markets.
DeFi has fast execution layers.
DeFi has deep orderbooks.
What it doesn't have is both — inside the same transaction.
That's what @risechain is building.
@risextrade is the first perp DEX built on MarketCore.
A lending protocol can liquidate directly into the book.
A liquidation engine either completes the full sequence, or reverts.
Programmable markets, made possible when the orderbook is onchain state.
☀️ HELIOS Testnet is officially LIVE ☀️
The earliest users will be the first to explore the ecosystem; test the platform; and position themselves ahead of the crowd before public access arrives.
And in crypto…
being early has always paid off.
Access is currently invite-code-only!
Only the FIRST 500 wallets will secure a spot.
Welcome to HELIOS! ☀️
@risechain
I've spent the last few weeks collecting and validating market data from @risextrade as a member of @risechain community. Not vibes — instrumented, timestamped, reproducible.
Here's what the data says, and why I've come away genuinely impressed.
Honest caveat, stated plainly: the ~1.4s lead is a microstructure edge, not a free signal. At horizons of a minute or more, RiseX and Binance say the same thing. The advantage lives at sub-5-second timescales.
I'd rather tell you that than oversell it.
RISEx in Seoul, one night only. 18 June at Future House.
Expect networking, panel discussions, and direct conversation with the team. For active traders and builders onchain.
Register: https://t.co/zvGHwEKWfo