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RISE is proud to announce the strategic acquisition of BSX Labs, the team behind BSX, marking a pivotal step in advancing next-generation on-chain trading infrastructure.
The move marks a significant step toward delivering the industry’s first natively integrated, synchronously composable orderbook infrastructure, combining perpetuals and spot trading on a single, high-throughput platform.
Strategic Rationale: Accelerating Onchain Market Infrastructure
BSX Labs, previously backed by leading investors including Blockchain Capital and Coinbase Ventures, brings deep expertise from operating a hybrid orderbook system that processed over $15 billion in cumulative trading volume since its 2023 launch. The BSX team, comprising alumni from Coinbase, Kraken, Jump Trading, and FalconX, will join RISE to co-develop EVM-native orderbook primitives designed for seamless integration with DeFi applications and tradfi workflows.
Commenting on the acquisition, Sam Battenally, CEO of RISE, said:
 
“The BSX team built an impressive trading engine that attracted significant volume and a loyal user base. Integrating their technology and talent is a key strategic step for us. It accelerates our roadmap towards launching a native, best-in-class orderbook infrastructure on RISE.”
Leadership Perspectives: A Shared Vision for Onchain Trading
In discussing the strategic rationale behind the acquisition, Avi, CEO of BSX Labs, emphasized the alignment between the two teams’ long-term objectives. He noted that joining RISE was a natural progression of their mission to develop a high-performance and transparent trading infrastructure.
According to Avi, RISE’s robust technical foundation and expansive ecosystem would enable the combined team to scale their shared vision far beyond the limitations previously faced as an independent project.
Market Opportunity: Bridging DeFi and TradFi
Current on-chain orderbook solutions remain fragmented, often lacking the scalability, composability, or execution consistency required for mainstream adoption. RISE’s Integrated Orderbooks aim to solve this by enabling synchronous composability, allowing DeFi protocols, asset issuers, and brokers to interact with a unified liquidity layer in real-time. This infrastructure is expected to unlock new yield opportunities, improve execution quality, and support the growing demand for tokenized assets and stablecoins.
Retail brokers will gain access to deeper, more efficient liquidity pools; asset issuers will be able to list both spot and perpetual instruments natively; and traders will benefit from tighter spreads, faster settlement, and novel DeFi-enabled strategies—all within a transparent, non-custodial environment.
Community Transition and Tokenholder Support
As part of the transition, the BSX DEX will be formally sunsetted in a structured one-week wind-down starting November 11, 2025, at 15:00 UTC. Users are encouraged to close open positions and withdraw assets using the guidance provided on the BSX blog.
To recognize early community support, BSX token holders will receive an airdrop equivalent to 1.5% of RISE’s total native token supply upon its upcoming launch, ensuring continuity of value and participation in RISE’s next phase of growth.
About BSX Labs
BSX Labs developed the BSX Protocol, a decentralized perpetuals exchange on Base, supported by investors including Blockchain Capital, Coinbase Ventures, and prominent industry figures such as Arthur Hayes. The team brought institutional-grade trading experience from top fintech and crypto firms to build one of Base’s most active perpetuals venues.
About RISE
RISE is a high-throughput Ethereum Layer 2 blockchain purpose-built to enable programmable, globally accessible markets entirely on-chain, combining institutional-grade performance with native composability. Combining CEX-level performance with full EVM composability, RISE allows developers to, traders, and institutions to build and connect to unified orderbooks within a robust DeFi ecosystem. RISE is redefining fintech infrastructure for a transparent, interoperable, and decentralized future.