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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Searched
4
Market Stats
Market Cap
$5.80M
0.8%
FDV
$5.83M
Circ. Supply
996M REN
Max Supply
1B REN
Total Supply
1B REN
Diluted Valuation
$5.86M
Performance
Popularity
#1,387
Dominance
0%
Volume (24H)
$600.31K
0.24%
Volume (7D)
$4.43M
Volume (30D)
$18.17M
All time high
$1.83
Price Change (1Y)
-84.18%
Additional details
Market details
REN vs markets
↘ 90.67%
REN vs BTC
↘ 89.92%
REN vs ETH
↘ 89.84%
Tags
marketplace
defi
Network & Addresses
Network | Address | |
|---|---|---|
Ethereum | 0x408e41876cCCDC0F92210600ef50372656052a38 | |
Fantom | 0x408e41876cCCDC0F92210600ef50372656052a38 |
Price history
Time | Price | Change |
|---|---|---|
Today | $0.0058 | ↗ 0.71% |
1 Day | $0.0058 | ↗ 0.71% |
1 Week | $0.0059 | ↘ 1.29% |
1 Month | $0.0072 | ↘ 19.14% |
1 Year | $0.0369 | ↘ 84.18% |
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.
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Ren news
Trending articles
Social stats
Popularity in posts
#1839
Contributors
2,589
Posts
2,589
% About Ren
0.011%
Articles
29
Hold times
0 days
X (Twitter)
36.89% bullish
Sentiment
2.9 ★
Highlights
2,589 unique individuals are talking about Ren and it is ranked #1,839 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 2.9 out of 5. Finally, Ren is becoming less newsworthy, with 29 news articles published about Ren.
On Twitter, people are mostly neutral about Ren. There were 44.57% of tweets with bullish sentiment compared to 20.82% of tweets with a bearish sentiment about Ren. 55.43% of tweets were neutral about Ren. These sentiments are based on 3093 tweets.
On Reddit, Ren was mentioned in 276 Reddit posts and there were 6403 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
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.
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.
