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· CryptoPotato
RISEx Launches ‘Ignite’ Season 1 Points Program, Following $3B in Volume During the Early Access Phase
<strong>[PRESS RELEASE – Singapore, Singapore, July 24th, 2026]</strong>
<strong>Backed by Galaxy Ventures and Vitalik Buterin, the ultra-high-performance perp DEX has officially launched its public rewards program. </strong>
<a href="https://go.rise.trade/4fDO9nk" rel="nofollow noopener" target="_blank">>RISEx</a>, the fully on-chain perpetuals exchange built on the high-throughput <a href="https://go.rise.trade/4ht39qk" rel="nofollow noopener" target="_blank">>RISE Chain</a>, has officially launched <strong>Ignite: Season 1</strong>, its core loyalty and ecosystem points program. Following an invite-only beta phase that generated <strong>over $3 billion in cumulative trading volume</strong>, the program marks the next major step in RISEx’s broader ecosystem rollout as the protocol builds toward long-term community ownership and future token distribution.
Launch week concluded today with the distribution of the Season 0 retroactive points, recognizing the users who traded on a merit-based, invite-only venue with no guarantee of reward.
The program also carries a claim no competing venue can make: <strong>100% of RISE points are allocated to RISEx users</strong>, including traders, LPs, and builder code integrators. RISE is an exchange chain, and RISEx is its product. Rather than splitting rewards across a diffuse ecosystem, the entire network’s incentive weight routes through the venue where activity actually happens.
The launch arrives amidst a massive structural shift in crypto derivatives, with decentralized perpetuals rapidly devouring centralized venue market share. Following the successful live deployment of its core exchange infrastructure, including cross-asset netted-margining and native Real-World Asset (RWA) trading, the public opening of RISEx’s rewards system marks the platform’s formal transition into global scale and growth mode.
<strong>Ecosystem Traction: By the Numbers</strong>
Prior to opening public rewards, the RISEx closed beta cultivated organic, institutional-grade liquidity and deep user engagement over three months:
Source: <a href="https://go.rise.trade/3TQVZCs" rel="nofollow noopener" target="_blank">>DUNE</a>
<strong>Product First, Incentives Second </strong>“Much to the frustration of our growth team, I was adamant that we would not launch an incentives program until our core exchange engine reached absolute stability,” said <strong>Sam Battenally, CEO and co-founder of RISE Labs</strong>. “Too often, points programs are deployed prematurely to mask unfinished infrastructure or buy empty, temporary volume. We spent the last few months doing the hard engineering work instead by stabilizing core features like reduce-only GTC and bootstrapping deep, quality liquidity. If you are fueling the engine, it has to perform. Now that our core architecture is fully live, optimized, and performing at a world-class level, we are ready to scale.”
<strong>Ignite Season 1 Structure & Timeline</strong>
Ignite runs accordin