The on-chain perpetuals exchange will distribute 200,000 points weekly from July 28, 2026, after a closed beta that also reached $26 million in open interest and $15 million in TVL.
RISEx has opened Ignite: Season 1, its public loyalty and ecosystem points program, after an invite-only beta that processed more than $3 billion in cumulative trading volume. The launch follows the distribution of Season 0 retroactive points and is framed as a step toward long-term community ownership and a future token distribution. The exchange said 100% of RISE points are allocated to RISEx users, including traders, LPs (liquidity providers), and builder code integrators. Week 1 began on July 20, 2026, at 00:00 UTC, with 200,000 points set to be distributed each week every Tuesday. The first weekly settlement is scheduled for July 28, 2026, at 14:00 UTC, and the season is expected to run no later than Q2 2027. RISEx said its three-month closed beta reached more than $26 million in open interest, more than $15 million in TVL (total value locked), and over 15,000 registered users through a merit-based referral network. Ignite is designed to reward broader participation metrics rather than raw volume alone, including trading costs, slippage, negative markouts, open interest, and hold time, while exact weightings remain undisclosed to reduce gaming. Referrers receive an extra 10% of their referee's points, and qualifying affiliates may receive fee rebates and point boosts. The platform said the rewards launch follows the stabilization of its exchange infrastructure, including cross-asset netted-margining and native Real-World Asset (RWA) trading. RISEx, built on RISE Chain, said its architecture combines self-custody with an on-chain orderbook in a shared execution environment, with RISE Chain described as an EVM-compatible Layer 2 using 5 Ggas/s throughput and 1-millisecond latency. The mid-term roadmap includes native EVM spot trading, AutoYield, and Permissionless Portfolio Margin.