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Cryptocurrencies:  7,494Markets:  31,863Market Cap:  $394,602,879,68124h Vol:  $103,151,415,942BTC Dominance:  60.8%
Market Cap:  $394,602,879,68124h Vol:  $103,151,415,942BTC Dominance:  60.8%Cryptocurrencies:  7,494Markets:  31,863
Ren

Ren (REN)

$0.338295 USD (-3.44%)
0.00002611 BTC (-3.20%)
0.00081254 ETH (-4.31%)
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  • Market Cap
    $299,233,201 USD
    23,091 BTC
    718,719 ETH
  • Volume (24h)
    $73,877,519 USD
    5,701 BTC
    177,444 ETH
  • Circulating Supply
    884,532,525 REN
  • Total Supply
    999,999,633 REN
  • Historical data for Ren

    Currency in USD
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    DateOpen*HighLowClose**VolumeMarket Cap
    Date
    DateOpen*HighLowClose**VolumeMarket Cap
    Oct 22, 2020
    0.327821
    0.358193
    0.324986
    0.336057
    76,726,507
    297,253,717
    Oct 21, 2020
    0.284263
    0.349086
    0.283548
    0.327187
    110,626,108
    289,407,127
    Oct 20, 2020
    0.324613
    0.333450
    0.272796
    0.284552
    97,913,651
    251,695,083
    Oct 19, 2020
    0.346086
    0.346086
    0.321793
    0.324976
    72,899,296
    287,451,433
    Oct 18, 2020
    0.347390
    0.354494
    0.336401
    0.346716
    68,629,808
    306,681,945
    Oct 17, 2020
    0.325021
    0.355290
    0.313602
    0.347584
    82,628,503
    307,449,379
    Oct 16, 2020
    0.360850
    0.364524
    0.321574
    0.324843
    103,578,554
    287,334,324
    Oct 15, 2020
    0.388444
    0.388577
    0.356758
    0.360598
    99,732,003
    318,961,023
    Oct 14, 2020
    0.341304
    0.388569
    0.340132
    0.388568
    152,329,299
    343,701,457
    Oct 13, 2020
    0.356820
    0.374242
    0.332535
    0.341014
    133,152,068
    301,638,286
    Oct 12, 2020
    0.424022
    0.424022
    0.345794
    0.353888
    226,277,653
    313,334,564
    Oct 11, 2020
    0.304541
    0.426882
    0.304541
    0.423895
    314,700,966
    375,318,535
    Oct 10, 2020
    0.279483
    0.325442
    0.276010
    0.304756
    100,811,596
    269,832,591
    Oct 09, 2020
    0.275539
    0.288168
    0.267405
    0.279741
    78,357,867
    247,684,067
    Oct 08, 2020
    0.261152
    0.290732
    0.240833
    0.274185
    129,733,622
    242,764,599
    Oct 07, 2020
    0.234933
    0.268613
    0.210544
    0.258956
    140,282,189
    229,280,811
    Oct 06, 2020
    0.249113
    0.260231
    0.226338
    0.235120
    102,696,125
    208,176,592
    Oct 05, 2020
    0.270158
    0.275270
    0.249502
    0.249502
    62,185,792
    220,910,132
    Oct 04, 2020
    0.268171
    0.280695
    0.259946
    0.268933
    55,361,152
    238,114,555
    Oct 03, 2020
    0.259778
    0.281165
    0.250137
    0.268339
    82,691,741
    237,588,570
    Oct 02, 2020
    0.283159
    0.297261
    0.222960
    0.259719
    193,148,041
    229,956,125
    Oct 01, 2020
    0.238849
    0.288353
    0.237776
    0.281756
    180,965,519
    249,468,226
    Sep 30, 2020
    0.239216
    0.242954
    0.220749
    0.238000
    67,776,118
    210,726,444
    Sep 29, 2020
    0.218099
    0.236811
    0.199013
    0.236158
    62,706,731
    209,095,415
    Sep 28, 2020
    0.242082
    0.246013
    0.218352
    0.220884
    48,317,676
    195,571,511
    Sep 27, 2020
    0.249205
    0.258160
    0.224520
    0.240733
    64,760,471
    213,146,234
    Sep 26, 2020
    0.227438
    0.254775
    0.222132
    0.250022
    84,070,249
    221,370,921
    Sep 25, 2020
    0.195907
    0.238967
    0.182540
    0.227703
    92,978,904
    201,609,489
    Sep 24, 2020
    0.169310
    0.201480
    0.162455
    0.195308
    71,281,508
    172,926,824
    Sep 23, 2020
    0.205153
    0.206952
    0.168764
    0.168856
    55,311,188
    149,493,689

About Ren

Ren price today is $0.338295 USD with a 24-hour trading volume of $73,877,519 USD. Ren is down 3.44% in the last 24 hours. The current CoinMarketCap ranking is #53, with a market cap of $299,233,201 USD. It has a circulating supply of 884,532,525 REN coins and the max. supply is not available. You can find the top exchanges to trade Ren listed on our crypto exchanges page.

What Is Ren (REN)?

Ren (REN) is an open protocol built to provide interoperability and liquidity between different blockchain platforms.

Formerly known as Republic Protocol, Ren launched RenVM, its virtual machine mainnet, in May 2020, having completed a $34 million initial coin offering (ICO) in 2018.

The protocol’s native token, REN, functions as a bond for those running nodes which power RenVM, known as Darknodes.

Ren aims to expand the interoperability, and hence accessibility, of decentralized finance (DeFi) by removing hurdles involved in liquidity between blockchains.

Who Are the Founders of Ren?

Ren was founded by Taiyang Zhang, its CEO, in 2017. Initially called Republic Protocol, Ren was first announced in January 2018, with Zhang explaining its initial use case as a “decentralized dark pool.”

Zhang himself has existing experience in the cryptocurrency space, having also co-founded crypto hedge fund Virgil Capital.

Prior to that, Zhang co-founded Neucode, a software and web development startup, in 2014. Jaz Gulati, Neucode’s other co-founder, now works as a software developer for Ren.

What Makes Ren Unique?

Ren is a complex platform with multiple use cases, but it is ultimately designed to overcome barriers to entry and investment for DeFi projects.

As a plug-in, it allows DeFi projects to bring foreign cryptocurrency assets such as Bitcoin (BTC) and Zcash (ZEC) to their offerings. More broadly, users can in essence swap any token between any two blockchains without middle steps such as using so-called “wrapped” versions of tokens, for example Wrapped Bitcoin (WBTC) and Wrapped Ethereum (WETH).

RenVM is a network of virtual computers making up a virtual machine. The machines powering the network which makes up RenVM are called Darknodes.

Ren charges various fees for internal operations, but most do not go towards direct profitability, instead being paid to miners. As an ERC-20 token, REN also attracts varying gas fees to power transactions.

Find out more about Chainlink here.

Find out more about Cosmos here.

New to cryptocurrency? Find all the answers you’re looking for with Alexandria, CoinMarketCap’s dedicated education resource.

Check out Alexandria’s Deep Dive Into RenVN.

How Many Ren (REN) Coins Are There in Circulation?

REN has a fixed supply cap of 1 billion (1,000,000,000) tokens. Ren conducted a presale and public token sale in 2018, during which a total of 60.2% of the supply was sold to investors.

Ren has a reserve fund which was originally allocated 19.9% of the total supply, while another 9.9% was allocated internally to advisors, the team and its founders. Team tokens came with a two-year lock-up period, with a six-month lock-up for advisor allocations.

Another 10% of the REN supply is specifically intended for activities such as partnerships and development.

REN is an ERC-20 standard token.

How Is the Ren Network Secured?

As of October 2020, the main area of concern about Ren’s security is team control of user funds. Ren aims to gradually expand the extent of its decentralization, but according to its team, the network at first will be less decentralized, particularly when it comes to funds storage.

In August 2020, security analysts raised concerns over all of Ren’s user funds sitting in a single wallet with a value of $100 million.

Ren’s CTO responded by saying that “during these early days, the nodes are operated by our team. In theory, we could act maliciously. But, as we expand to more members, and begin replacing these nodes, this stops being possible.”

Where Can You Buy Ren (REN)?

REN is a freely-tradable token and has a presence on various major exchanges. Of these, Binance and Huobi Global have the largest volume as of October 2020. Pairs include cryptocurrency, fiat and stablecoins.

Crypto newbie? Read our easy guide to buying Bitcoin and other cryptocurrencies.

Ren Price

Ren Price$0.338295 USD
Ren ROI
323.92%
Market Rank#53
Market Cap$299,233,201 USD
24 Hour Volume$73,877,519 USD
Circulating Supply884,532,525 REN
Total Supply999,999,633 REN
Max SupplyNo Data
All Time High
$0.593227 USD
(Sep 01, 2020)
All Time Low
$0.015394 USD
(Nov 27, 2018)
52 Week High / Low
$0.593227 USD /
$0.027806 USD
90 Day High / Low
$0.593227 USD /
$0.135533 USD
30 Day High / Low
$0.426882 USD /
$0.162115 USD
7 Day High / Low
$0.358193 USD /
$0.272796 USD
24 Hour High / Low
$0.358193 USD /
$0.328665 USD
Yesterday's High / Low
$0.358193 USD /
$0.324986 USD
Yesterday's Open / Close
$0.327821 USD /
$0.336057 USD
Yesterday's Change$0.008236 USD (2.51%)
Yesterday's Volume$76,726,507 USD
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