24 hour low
$0.029
24 hour high
$0.041
Market cap ranking
#842
Market cap
$29.48M
24 hour volume
$3.93M
Circulating supply
1B
Total supply
0
The current price of Ren is $0.030, with a 24-hour trading volume of $3,932,397.97. In the last 24 hours, the price of Ren decreased by −25.62%. With a circulating supply of 999,330,480.362 REN Ren's market cap stands at $29,483,064.02. Currently, Ren ranks #842 by market cap.
Ren (REN) is a cryptocurrency that aims to provide interoperability between different blockchain networks. It was launched in 2017 under the name Republic Protocol and rebranded as Ren in 2018. The platform allows for the transfer of assets between different blockchain networks, such as Bitcoin and Ethereum, without the need for a centralised exchange. Ren achieves this interoperability through the use of its own protocol, which is based on secure multi-party computation technology. This enables users to mint a new asset, such as a wrapped Bitcoin, on one blockchain and redeem it for the underlying asset on another blockchain. Ren also offers a range of other services, including lending and borrowing, staking, and liquidity provision. One of the key features of Ren is its focus on privacy and security. The platform uses advanced cryptographic techniques to ensure that all transactions are secure and private. It also has a strong community of developers and users who are committed to building and improving the platform. The native token of the Ren platform is REN. It is used for a variety of purposes, including payment of fees, staking, and governance. REN is also used to secure the network and incentivise users to provide liquidity to the platform.