RISE Acquires BSX to Pioneer Integrated Onchain Orderbooks

RISE, a high-performance Ethereum Layer 2 blockchain, has acquired BSX Labs, the team behind the BSX perpetuals decentralized exchange (DEX) on the Base network, as announced on November 11, 2025. This strategic move aims to accelerate the development of the first integrated orderbooks, leveraging BSX's expertise from supporting over $15 billion in cumulative trading volume since its 2023 launch.

The BSX team, backed by Blockchain Capital and Coinbase Ventures, will help RISE build EVM-based synchronously composable orderbook primitives. These innovations are designed to bridge traditional financial markets with blockchain, offering higher speed, throughput, and seamless composability with DeFi applications. Sam Battenally, CEO of RISE, emphasized, "Integrating their technology and talent is a key strategic step for us," highlighting how this accelerates RISE's roadmap for native orderbook infrastructure.

As part of the integration, the BSX DEX will be sunsetted in a one-week process starting November 11, 2025, at 15:00 UTC, with users instructed to close positions and withdraw assets. BSX token holders will receive an airdrop of RISE's upcoming native token, with 1.5% of the total RISE token supply allocated to circulating BSX tokens. Avi, CEO of BSX Labs, noted the opportunity to scale their vision for transparent onchain trading with RISE's resources.