What Sunrise does

Sunrise is a Singapore-based Layer 1 blockchain protocol founded in 2022 that fuses a high-throughput data availability (DA) layer with a native liquidity hub under a Proof-of-Liquidity (PoL) consensus mechanism. Block production runs on CometBFT at approximately 10-second block times with up to 100 validators, while off-chain erasure-coded blob storage with KZG commitments enables stated DA throughput of 5+ MB/s—positioned against Ethereum's ~0.064 MB/s and Celestia's ~1.33 MB/s. The protocol's modular stack spans x/da, x/liquiditypool (concentrated AMM), x/swap, x/fee (any-token gas abstraction with a 50% RISE burn), x/staking, x/lockup, x/tokenconverter, x/liquidityincentive (gauge voting), x/stable (USDrise), and x/shareclass (non-voting delegation). Three native tokens—RISE for gas/fees, vRISE (non-transferable) for governance and gauge voting, and USDrise (1:1 USDN-backed stablecoin)—form the economic core. The platform supports sovereign rollups built on Rollkit, OP Stack, and BeaconKit, and interoperates with Ethereum and Solana via ZKP+IBC, IPFS and Arweave for blob storage, and Noble for USDrise bridging.

Sunrise serves four primary customer segments: rollup developers and L2 projects seeking immediate shared liquidity and DA, liquidity providers earning vRISE incentives and trading fees, validators and node operators securing the network, and—more recently—tokenized asset traders accessing 24/7 on-chain real-world equity exposure. The flagship distribution partnership with Backpack Securities (announced 2026-06-22) anchors the tokenized securities vertical, with SPCX (SpaceX) and SNDK (SanDisk) trading on Jupiter and Raydium; SPCX alone has reached $350 million+ in cumulative on-chain volume. Revenue is captured via transaction fees (RISE-denominated), swap fees (paid to LPs with optional interface-provider fee share), and DA fees from rollup operators, while 50% of fees are swapped to RISE and burned to support deflationary tokenomics. Go-to-market combines a product-led self-serve app (app.sunriselayer.io), developer-first SDK/API tooling across Rollkit/OP Stack/BeaconKit, and channel partnerships with Backpack and the Solana DEX ecosystem. The founding team consists of CEO/CTO Yu Kimura and COO/CFO Takeru Shimojima, with Animoca Brands participating as an investor in January 2025.

Name

Sunrise

Legal name

Sunrise

Website

https://sunriselayer.io

Company type

Private

Founded year

2022

Operating status

Operating

Headcount range

11–50 employees

Short description

Sunrise is a Layer 1 blockchain combining data availability and native liquidity via Proof-of-Liquidity consensus, serving rollup developers, liquidity providers, validators, and tokenized asset traders. It powers regulated tokenized equities such as SpaceX (SPCX) on Solana through its Backpack Securities partnership.

Ownership category

akta.pro rank

Product category

Layer 1 Blockchain Infrastructure

NAICS

Securities and Commodity Exchanges (52321)

SIC

Security & Commodity Brokers, Dealers, Exchanges & Services (6200)

akta.pro primary industry

RWA Tokenization Platforms (asset onboarding, structuring, issuance) (FSAPAIAC)

akta.pro secondary industries

Interoperability & Integration Middleware (ERP/core banking connectors, messaging, APIs, cross-chain to permissioned) (FSAPAIAL), Tokenized Securities & Capital Markets Infrastructure (equities, bonds, funds, ATS/MTF connectivity) (FSAPAIAD)

Keywords

• Layer 1 blockchain
• Data availability layer
• Liquidity hub
• Tokenized real-world assets
• Sovereign rollup infrastructure

Headquarters

HQ city

Singapore

HQ country

Singapore

HQ region

Asia

Markets served

GTM type

B2B and B2C

Offering type

Software

Cost components

Technology or R&D, Infrastructure, Personnel, Marketing or Sales, Operations

Revenue model

1. Transaction Fees: RISE token collected as transaction fees for all on-chain transactions. A portion of fees (default 50%) is swapped to RISE and burned, supporting deflationary tokenomics while maintaining stable fee system.
2. Swap Fees: Fees generated from AMM swaps in the liquidity pool module. Paid to liquidity providers who supply liquidity to pools. Interface providers can also capture fees by specifying fee recipient addresses.
3. Data Availability Fees: Fees for publishing blob data to the DA layer. Rollups and L2 chains pay for data availability services using Sunrise's off-chain blob storage.

Pricing tiers

Go-to-market motion3 records

Distribution channels4 records

Marketing channels6 records

Core offering

Sunrise operates a Layer 1 blockchain that combines a high-throughput Data Availability (DA) layer with a native Liquidity Hub, powered by a Proof-of-Liquidity (PoL) consensus mechanism. It offers a self-serve web application for liquidity provision, swaps, staking, governance, and lockups; a block explorer (RiseScan); and infrastructure (SDK, API, DA layer) for deploying sovereign rollups via Rollkit, OP Stack, and BeaconKit, with interoperability to Ethereum and Solana. Native tokens include RISE (gas/fee), vRISE (governance/staking), and USDrise (stablecoin), while transaction fees, swap fees, and DA fees form the primary revenue model.

Product overview

Sunrise is a next-generation Layer 1 blockchain that combines high-throughput data availability with a native liquidity hub, powered by Proof-of-Liquidity (PoL) consensus. The ecosystem consists of the Sunrise L1 blockchain, the Sunrise App (web interface), RiseScan Explorer, three native tokens (RISE for gas/fees, vRISE for governance/staking, USDrise stablecoin), and multiple interconnected modules including: Liquidity Pool (concentrated AMM), Swap (token swapping with ICS20 support), Stake/Governance (vRISE delegation and proposals), Lockup Accounts (time-locked staking), Fee Module (deflationary fee burning), TokenConverter (vRISE↔RISE conversion), Liquidity Incentive (epoch-based rewards with gauge voting/bribes), Non-Voting Delegation (RISE staking without governance), Stable Module (USDrise minting/burning), and Data Availability Layer (off-chain blob storage with 5+ MB/s throughput). Sunrise also supports L2 blockchain deployments via Rollkit and OP Stack integrations.

Differentiator

Problem solved

Functional benefit

Products and services

• Sunrise Layer 1 Blockchain Next-generation Layer 1 blockchain combining high-throughput data availability with a native liquidity hub, powered by Proof-of-Liquidity (PoL) consensus. Used by rollup developers, validators, liquidity providers, and RWA issuers.
• Sunrise App Web-based user interface providing access to liquidity pools, token swaps, staking, governance, lockup accounts, and point programs. Targets individual DeFi users and liquidity providers.
• RiseScan Explorer Official blockchain explorer for the Sunrise network, allowing users to view blocks, transactions, and on-chain data.
• Liquidity Pool (x/liquiditypool) Concentrated-liquidity AMM module enabling users to create liquidity pools, add positions within specific price ranges, and earn rewards from trading fees and vRISE incentives. Used by DeFi liquidity providers.
• Swap Module (x/swap) Token swap functionality with interface provider fee rewards, recursive swap routes, and ICS20 middleware for cross-chain swaps. Targets traders and interface integrators.
• USDrise Stablecoin Native stablecoin managed by the x/stable module, backed by a basket of accepted collateral assets, mintable at 1:1 rate with USDN. Used by users and applications needing on-chain stable value transfer.
• Data Availability Layer (x/da) High-throughput data availability service with off-chain blob propagation (5+ MB/s), erasure coding, and KZG commitments for cryptographic verification. Used by rollups and L2 chains paying DA fees to publish blob data.
• SPCX (Tokenized SpaceX Shares) Tokenized SpaceX equity issued through Backpack Securities and made tradeable 24/7 on Solana via Sunrise's infrastructure and Jupiter/Raydium DEXs. Used by crypto traders seeking exposure to private-company shares.

Quantifiable outcome

• 5+ MB/s throughput for data availability (vs Ethereum's ~0.064 MB/s, Celestia's ~1.33 MB/s)
• +2 more outcomes

Named customers2 records

Segments4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration8 records

Feature7 records

Partnerships

Six partnerships are on record, tiered flagship and core.

• Backpack SecuritiesflagshipStrategic or Co-development Partner · 22 June 2026Strategic partnership for tokenized securities platform on Solana. Backpack Exchange launched Backpack Securities, a regulated US brokerage platform, in partnership with Sunrise. The platform enables real equity ownership with 24/7 blockchain trading, allowing conversion between traditional securities and tokenized form. Initial tokenized securities launch on Solana includes SpaceX shares ($SPCX) and SanDisk shares ($SNDK).
• Ondo FinancecoreTechnology or IntegrationTokenized real-world asset platform competing in the same Solana-based tokenized stock market. Both platforms facilitate trading of tokenized securities on Solana, with Ondo's OMM and USDY products alongside Sunrise-hosted tokens like SPCX.
• xStockscoreTechnology or IntegrationTokenized stock trading platform on Solana, competing with Sunrise in the tokenized equity market. SpaceX IPO drove surge in on-chain trading across multiple platforms.
• Jupiter DEXcoreTechnology or IntegrationDecentralized exchange on Solana where tokenized securities (SPCX, SNDK) trade. Sunrise's tokenized assets are accessible through Jupiter's aggregation across Solana DEXs.
• Raydium DEXcoreTechnology or IntegrationSolana-based automated market maker and liquidity pool platform where Sunrise's tokenized securities (SPCX, SNDK) trade alongside other assets.
• Solana FoundationcoreTechnology or IntegrationSunrise's tokenized securities and DA services operate on Solana blockchain. Solana captured 98% market share of on-chain tokenized stock trading, with Sunrise enabling major token launches like SPCX.

Scale indicators10 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Celestia: Modular data availability layer that pioneered the dedicated DA category Sunrise competes in. Both serve as alt-DA backends for Rollkit/OP Stack rollups, with comparable off-chain blob storage and KZG-style commitments.
• Avail: Light-client-based DA layer and rollup execution environment targeting the same modular blockchain stack. Competes with Sunrise for sovereign rollup deployments seeking Ethereum-aligned security.
• EigenDA: Ethereum-restaked data availability service and the leading rollup DA option on Ethereum. Competes with Sunrise for high-throughput DA workloads and is integrated with most major OP Stack rollups.
• Ondo Finance: Tokenized real-world asset platform on Solana offering OMM and USDY products. Direct competitor to Sunrise in tokenized stock/RWA trading and uses the same Solana liquidity venues (Jupiter, Raydium).
• xStocks: Tokenized stock trading platform on Solana competing with Sunrise's SPCX/SNDK offerings. Both platforms chase the same tokenized private and public equity trading flow on Solana DEXs.
• Polymesh: Permissioned, securities-focused Layer 1 blockchain purpose-built for tokenized financial instruments. Overlaps with Sunrise in on-chain issuance and lifecycle management of regulated securities.

Broad incumbents

• Securitize: Established tokenization platform for real-world assets including private equity and funds. Competes in the same RWA tokenization category Sunrise serves, with deeper institutional issuer relationships.

Regional players

• Backpack: Regulated US crypto exchange and brokerage (Backpack Securities) partnering with Sunrise for tokenized securities distribution. Both share the same Solana-centric distribution and retail/prime brokerage audience.

Emerging players

• Wormhole: Cross-chain interoperability protocol enabling asset and message transfers across Solana, Ethereum, and other chains. Comparable to Sunrise's IBC/ZKP interoperability layer for connecting sovereign rollups.
• Meteora: Solana-native liquidity platform with concentrated-liquidity pools and dynamic vaults. Competes with Sunrise's x/liquiditypool and x/liquidityincentive modules in the same Solana DeFi liquidity market.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/SunriseLayer
• GitHubgithub.com/sunriselayer

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Sunrise