SunrisePrice

(RISE)

Sunrise is a modular Layer 1 blockchain and specialized Data Availability layer designed to address the issue of liquidity fragmentation in the decentralized finance ecosystem. By serving as a native liquidity hub, it allows different blockchain networks and sovereign rollups to connect and share deep liquidity. This approach helps developers launch new projects with immediate access to a unified pool of assets rather than operating in isolation. The project is built using a consensus mechanism known as Proof of Liquidity. This system is designed to incentivize active participation and ensure that liquidity is integrated directly into the security and operation of the network. One of its key technical features is Fee Abstraction, which simplifies the user experience by allowing transaction fees to be managed more flexibly. Additionally, it utilizes off-chain blob storage and zero-knowledge proofs to enhance scalability and data handling. Sunrise operates with a dual-token architecture consisting of the RISE token and the vRISE token. RISE is the primary native token and is used for network security, staking, and as a transferable asset within the ecosystem. The vRISE token is a non-transferable governance token specifically designed for staking and protocol influence. Users typically acquire vRISE by providing liquidity to the networks decentralized exchange. This separation allows the project to distinguish between those seeking rewards and those wanting to participate actively in the governance and direction of the protocol. For interoperability, the network utilizes the Inter-Blockchain Communication protocol, allowing it to bridge with other major ecosystems like Ethereum and Solana. This connectivity ensures that assets and data can move trustlessly between different chains, supporting the broader modular blockchain paradigm. The project has attracted support from several venture capital firms and strategic partners in the Web3 space, including groups such as Animoca Brands and Gumi Cryptos. Learn more

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