About Ren
Ren (REN) is an Ethereum token that powers Ren’s open protocol for transferring cryptocurrencies between blockchains. Ren aims to bring popular assets like Bitcoin and Zcash to blockchains including Ethereum, making it possible for these assets to participate in a multi-chain decentralized finance ecosystem.
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Market Stats
Market Cap
$10,794,404.67
FDV
Not enough data
Circulating Supply
999,330,480.362 REN
Max Supply
Not enough data
Total Supply
999,999,632.804 REN
Performance
Popularity
#1,027
Dominance
0%
Volume (24H)
$1,161,484.91
0.03%
Volume (7D)
$7,803,101.28
Volume (30D)
$38,320,839.93
All time high
$1.83
Overall Price Change (1Y)
-0.82%
Additional info about Ren
Recent trends
The price of Ren has decreased by 0.51% in the last hour and decreased by 3.47% in the past 24 hours. Ren’s price has also risen by 5.96% in the past week. The current price is $0.0108 per REN with a 24-hour trading volume of $1.16M. Currently, Ren is valued at 99.41% below its all time high of $1.83. This all-time high was the highest price paid for Ren since its launch. The current circulating supply of Ren is 999,330,480.362 REN which means that Ren has as total market cap of $10,794,404.67.
Market details
REN vs markets
↘ 86.19%
REN vs BTC
↘ 88.03%
REN vs ETH
↘ 68.19%
Tags
marketplace
defi
Network & Addresses
Network | Address | |
|---|---|---|
Ethereum | 0x408e41876cCCDC0F92210600ef50372656052a38 | |
Fantom | 0x408e41876cCCDC0F92210600ef50372656052a38 |
Price history
Time | Price | Change |
|---|---|---|
Today | $0.0108 | ↘ 2.64% |
1 Day | $0.0112 | ↘ 3.47% |
1 Week | $0.0102 | ↗ 5.96% |
1 Month | $0.0099 | ↗ 9.52% |
1 Year | $0.0608 | ↘ 82.24% |
FAQ
Ren (REN) is an open protocol that strives to foster interoperability and liquidity between different blockchain platforms. The protocol's native token, REN, serves as a bond for those operating nodes, known as Darknodes, which power the Ren Virtual Machine (RenVM). Ren's primary objective aims to enhance the accessibility of decentralized finance (DeFi) by eliminating the challenges associated with liquidity between blockchains. The protocol seeks to allow users to essentially swap any token between any two blockchains, bypassing intermediary steps such as using "wrapped" versions of tokens.
Ren operates through its RenVM, a network of virtual computers that collectively form a virtual machine. The computers that power this network are referred to as Darknodes. RenVM employs a Byzantine fault-tolerant protocol that enables ECDSA threshold key generation and signing via secure multi-party computation (sMPC). This functionality allows RenVM to securely manage (ECDSA) private keys on different blockchains, thereby intending to enable the transfer of tokens between these blockchains, a feature known as interoperability. While Ren charges various fees for internal operations, most of these are not directed towards profitability but are paid to miners.
Ren's primary use case aims to overcome barriers to entry for DeFi projects. As a plug-in, it enables DeFi projects to incorporate foreign cryptocurrency assets such as Bitcoin (BTC) and Zcash (ZEC) into their offerings. This broadens the scope of DeFi projects, allowing users to swap any token between any two blockchains without the need for intermediary steps. This feature aims to enhance the interoperability of different blockchain platforms, thereby intending to increase the accessibility and liquidity of DeFi projects.
Ren was founded by Taiyang Zhang in 2017 and was initially known as Republic Protocol. The project was first announced in January 2018, with Zhang outlining its initial use case as a "decentralized dark pool." Ren launched RenVM, its virtual machine mainnet, in May 2020. Zhang has a background in the cryptocurrency space, having co-founded a crypto hedge fund. Prior to that, he co-founded Neucode, a software and web development startup, in 2014.
We update our Ren to USD currency in real-time. Get the live price of Ren on Coinbase.
The current market cap of Ren is $10.79M. A high market cap implies that the asset is highly valued by the market.
The all-time high of Ren is $1.83. This all-time high is highest price paid for Ren since it was launched.
Over the last 24 hours, the trading volume of Ren is $1.16M.
Assets that have a similar market cap to Ren include Sovryn, Nimiq, SquidGrow, and many others. To see a full list, see our comparable market cap assets.
The current circulating supply of Ren is 999 million.
Ren ranks 97 among tradable assets on Coinbase. Popularity is currently based on relative market cap.
Currently, 79% of Coinbase users are buying Ren. In other words, 79% of Coinbase customers have increased their net position in Ren over the past 24 hours through trading.
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Terms apply. Sum of median estimated savings and rewards earned, per user in 2021 across multiple Coinbase programs (excluding sweepstakes). This amount includes fee waivers from Coinbase One (excluding the subscription cost), rewards from Coinbase Card, and staking rewards.
Ren news
Trending articles
Social stats
Popularity in posts
#1347
Contributors
3,756
Posts
5,772
% About Ren
0.026%
Hold times
0 days
X (Twitter)
34.17% bullish
Sentiment
1.7 ★
Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset.
Highlights
3,756 unique individuals are talking about Ren and it is ranked #1,347 in most mentions and activity from collected posts. In the last 24 hours, across all social media platforms, Ren has an average sentiment score of 33 out of 5. Finally, Ren is becoming less newsworthy, with 0 news articles published about Ren.
On Twitter, people are mostly neutral about Ren. There were 37.27% of tweets with bullish sentiment compared to 9.07% of tweets with a bearish sentiment about Ren. 62.73% of tweets were neutral about Ren. These sentiments are based on 1255 tweets.
On Reddit, Ren was mentioned in 511 Reddit posts and there were 15825 comments about Ren. On average, there were less upvotes compared to downvotes on Reddit posts and more upvotes compared to downvotes on Reddit comments.
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Legal
Certain content has been prepared by third parties not affiliated with Coinbase Inc. or any of its affiliates and Coinbase is not responsible for such content. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content. Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset. Prices shown are for illustrative purposes only. Actual cryptocurrency prices and associated stats may vary. Data presented may reflect assets traded on Coinbase’s exchange and select other cryptocurrency exchanges.