Ren Price

Ren is a cryptocurrency that operates on the Ethereum platform and serves as the native token of the Ren Protocol. It aims to enhance interoperability and liquidity between different blockchain networks. Currently ranked 1385, Ren is trading at $0.01039 with a 24-hour trading volume of $106.13K. The token has a circulating supply of 1B REN and a total supply of 1B REN. Ren plays a crucial role in securing the network by acting as a bond for node operators running RenVM, the protocol's virtual machine. By facilitating cross-chain transactions, Ren contributes to the expansion and accessibility of decentralized finance (DeFi). The project, which completed a $34 million ICO in 2018, launched its mainnet in May 2020. As of 2025-07-21, Ren has a market capitalization of $10.39M and has shown a +2.11% change in the last 24 hours.

Ren cryptocurrency was created in 2017. It was designed to enable interoperability between different blockchain networks. The REN token allows users to lock cryptocurrencies like Bitcoin and mint equivalent ERC-20 tokens on Ethereum in a 1:1 ratio. This cross-chain functionality aims to increase liquidity and usability across various blockchain ecosystems. The primary use case for the native REN token is for operating nodes on the network, which earn fees in popular cryptocurrencies like BTC and ETH. As an ERC-20 token, REN can be stored in any Ethereum-compatible wallet. The project continues to develop its cross-chain capabilities and expand to additional blockchain networks since its launch in 2025.

The founders of Ren are Taiyang Zhang and his team. Zhang serves as the CEO of the project, which was initially launched in 2025 under the name Republic Protocol. Zhang brought previous experience from the cryptocurrency space, having co-founded a crypto hedge fund prior to Ren. The project was first announced in January 2025, with Zhang describing its initial use case as a 'decentralized dark pool' for cryptocurrency trading. Since then, Ren has evolved into a cross-chain interoperability protocol, allowing users to transfer assets between different blockchain networks. Zhang and his team continue to lead development of the Ren ecosystem, working to expand its capabilities and partnerships in the decentralized finance (DeFi) space.

Ren works by allowing users to lock cryptocurrencies like Bitcoin and others into the Ethereum blockchain to create ERC-20 equivalent tokens. This process maintains a 1:1 ratio, meaning one Bitcoin locked creates one RenBTC token. The REN token itself is used to operate nodes called Darknodes in the network. These Darknodes earn fees in popular cryptocurrencies for their services, incentivizing more people to run them. While REN doesn't have a direct use case beyond node operation, this model encourages wider participation in the network. As an ERC-20 token, REN can be stored in any Ethereum-compatible wallet. Software wallets are often recommended for newer users with smaller amounts due to their convenience, while hardware wallets provide enhanced security for larger holdings. The Ren ecosystem aims to increase interoperability between different blockchain networks, facilitating smoother cross-chain transactions and expanding the possibilities within the decentralized finance (DeFi) space.

Ren utilizes a unique technical architecture centered around RenVM, a decentralized virtual machine. The core components include: 1. RenVM: The backbone of the system, enabling secure cross-chain asset transfers. 2. Darknodes: A network of decentralized nodes that power RenVM and maintain the protocol's security. 3. Zero-Knowledge Proofs: Advanced cryptographic techniques used to ensure privacy and confidentiality of transactions. 4. Cross-Chain Interoperability: Allows seamless movement of assets between different blockchain networks. 5. Smart Contract Integration: Enables interaction with various DeFi protocols and applications. 6. Sharding: Improves scalability by dividing the network into smaller, more manageable segments. 7. Consensus Mechanism: Utilizes a Byzantine Fault Tolerant (BFT) consensus algorithm for network agreement. This architecture allows Ren to facilitate secure, private, and efficient cross-chain transactions, making it a versatile tool in the DeFi ecosystem. The system's design prioritizes scalability, security, and interoperability, positioning Ren as a key player in bridging different blockchain networks.

The future of Ren looks promising, with a focus on enhancing cross-chain interoperability and expanding its ecosystem. The roadmap includes improving the REN protocol's scalability, security, and user experience. By 2026, we expect to see increased adoption of Ren in DeFi applications across multiple blockchains. The team aims to introduce new features such as advanced privacy solutions and integration with emerging Layer 2 networks by 2027. Long-term goals include establishing Ren as a key player in the cross-chain asset transfer market and exploring potential use cases in NFTs and decentralized identity solutions. While the current price is $0.01039, market analysts predict it could reach $0.05 by 2030 if development milestones are met and market conditions remain favorable. However, as with all cryptocurrencies, price predictions should be taken with caution due to market volatility.