Ethereum R1 is a new donation-funded, tokenless Layer 2 rollup designed to offer a decentralized, censorship-resistant, and governance-minimized scaling solution for Ethereum

The S&P 500 rose 0.63% Thursday, boosted by strong Meta and Microsoft earnings, but futures slipped Friday as investors awaited the April jobs report and weighed Apple and Amazon tariff concerns. Gold fell to $3,235 as easing trade tensions cut safe-haven demand; markets await US jobs data for rate cut signals. The Coindesk Indices, which tracks the broader crypto market, rose 2.19%, with Bitcoin and Ether up 2.57% and 2.60%, respectively in the past 24 hours. Trade these markets and more with up to 500x leverage on Bybit MT5 using this 

Today's top performer is AR, which gained 16.8% following CloneX's successful migration to Arweave, sponsored by ArDrive.

Arweave (AR), founded in 2017, is a decentralized network for permanent data storage, using blockweave and Proof of Access to ensure long-term accessibility. It offers 200-year storage for a one-time fee, incentivized by AR tokens for miners. The system connects blocks efficiently to preserve and retrieve data, aiming to create a lasting digital knowledge repository. CloneX has successfully 

 to Arweave for permanent storage, with the support of ArDrive, which sponsored the migration of 100 GB of data. The process is nearly complete, with only Animus remaining to undergo decentralization.

Check out the latest prices, charts, and data of 

 is a new donation-funded, tokenless Layer 2 rollup designed to offer a decentralized, censorship-resistant, and governance-minimized scaling solution for Ethereum. Built on open-source code and the Nethermind Surge stack, it emphasizes credible neutrality, public good funding (with all fees burned after 2030), and infrastructure that remains free from VC control or centralized dependencies.

Yesterday, BTC spot ETFs saw $71.1M in total inflows, with $16M from GBTC and $55.1M from other ETFs.

 $BOOP tokens to active Solana memecoin traders and creators who promote memecoins or Solana dapps on X. To claim, users must connect their Solana wallet or X account and launch a free token. The airdrop arrives in 30 days, but growing the token’s market cap can accelerate the reward.

Beginner

3.png

Ethereum R1 offers a decentralized rollup solution for Ethereum

This article dives into Bitcoin liquid staking protocol Lombard Finance, how LBTC works and how you can stake LBTC through Bybit Web3.

Bitcoin stands as the undisputed giant of the cryptocurrency space, commanding the largest market capitalization. Yet, much of its potential remains untapped, often sitting idle as a store of value rather than actively participating in the thriving 

 ecosystem. Lombard Finance aims to change this narrative by unlocking Bitcoin's utility and integrating it seamlessly into DeFi.

Lombard is built upon Babylon, the innovative Bitcoin staking protocol, and is incubated by Polychain Capital. Lombard’s flagship product, 

 (LST) for BTC. This article explores what Lombard Finance is and how LBTC works, and describes the Lombard ecosystem and how you can stake LBTC through Bybit Web3.

 is a liquid staking protocol that focuses on transforming 

's role in the digital economy. Its core mission is to evolve BTC from simply being a store of value — also viewed as 

 — into a productive asset that actively generates yield and participates within DeFi. Currently, a significant portion of Bitcoin's

 sits idle, lacking the native staking capabilities or cross-chain composability seen with assets such as 

Lombard Finance addresses this shortcoming by building on top of 

, a protocol that supports BTC staking without needing 

 or custodians. Babylon allows Bitcoin's economic weight to secure other 

 (PoS) chains and applications, creating a new yield source for holders. Lombard leverages this foundation to offer LBTC, making staked BTC liquid and usable across the DeFi market.

Lombard’s goal is ambitious: to channel Bitcoin's vast liquidity into DeFi. This could potentially double the ecosystem's 

 (TVL) if even a fraction of available BTC is introduced. Lombard believes this integration will catalyze significant growth and create more sustainable market dynamics by making BTC a core, yield-bearing primitive within DeFi.

Founders and investors of Lombard Finance

Lombard Finance was founded in April 2024 by a team with deep expertise within DeFi, drawing talent from established crypto projects like Polychain, Babylon, Argent, Coinbase and Maple. This collective experience underpins the protocol's design and strategic direction.

The project was notably incubated by Polychain Capital, a prominent crypto investment firm that also led Lombard's $16 million seed funding round (which was 

 in July 2024). This round saw participation from a wide array of significant players in the crypto space — including Babylon, dao5, Franklin Templeton, Foresight Ventures, HTX Ventures, Mirana Ventures, Mantle EcoFund, Nomad Capital, OKX Ventures and Robot Ventures — thus highlighting broad industry confidence in Lombard's vision. Strategic partnerships and contributions from exchanges like

 and Bitget are further bolstering its distribution and liquidity aggregation efforts.

LBTC is Lombard Finance's flagship product — a liquid staking token (LST) that represents Bitcoin staked through the Babylon protocol. Designed as a universal liquid BTC standard, LBTC is fully backed 1:1 by native Bitcoin, ensuring its value is directly tied to the underlying asset.

The token is yield-bearing, capturing rewards generated from securing PoS networks via Babylon staking. Crucially, LBTC remains liquid, meaning holders can freely use it across various DeFi applications — such as 

 and automated vaults — without sacrificing their underlying staked positions or associated yield.

LBTC is also designed for cross-chain compatibility, natively minted on supported blockchains like Ethereum, Base and Sui and using secure infrastructure [such as 

]. This avoids the risks associated with traditional bridging or wrapping methods, thus aiming to provide a more secure and seamless way to utilize Bitcoin across the multichain DeFi ecosystem.

Lombard Finance simplifies the process of putting Bitcoin to work within DeFi through its LBTC token. The mechanism is designed with security and user experience in mind, leveraging the Babylon protocol and a robust Security Consortium.

The core benefit of LBTC lies in its ability to unlock multiple layers of value simultaneously. Holders earn native yield from Babylon staking, potentially accrue additional rewards (such as Lombard Lux points) and gain access to diverse DeFi yield opportunities, all while maintaining the liquidity of their Bitcoin position. This transforms BTC from a static asset into a dynamic, yield-generating component of the DeFi ecosystem.

Lombard Finance is actively building a wide LBTC ecosystem that already boasts over 75 DeFi integrations. Security is foundational, anchored by the 14-member Security Consortium (including prominent names like Galaxy and OKX Ventures) and validating all critical operations alongside audits and bug bounties.

Core infrastructure relies both on Babylon for staking, and on the Chainlink CCIP for secure cross-chain movement, with EigenLayer integration 

. LBTC integrates with leading DeFi applications across lending platforms (e.g., 

) and automated vaults. The platform supports multiple blockchains (including Ethereum, Base, Sui, BNB Chain) and 

 (L2s), positioning LBTC as a versatile cross-chain asset.

Here's how you can stake BTC on Lombard and use LBTC in DeFi and automated vaults.

Lombard Finance (via its LBTC token) offers a compelling way for Bitcoin holders to put their assets into use, earn yield via Babylon staking and gain exposure to the expansive DeFi ecosystem — all while maintaining liquidity. Incubated by Polychain Capital and supported by a robust consortium and growing partner network, Lombard is positioning LBTC as a secure and versatile liquid Bitcoin standard.

It’s easy to participate in the Lombard ecosystem through 

, you can utilize your Bybit Web3 Seed Phrase Wallet to stake BTC and mint 

, Lombard's vault token that represents deposits in automated yield strategies. This provides you with a seamless gateway to access Bitcoin liquid staking and DeFi yields.

Ready to unlock your Bitcoin's potential? 

Intermediate

lombard tutorial.png

Lombard Finance: Polychain-backed Bitcoin liquid staking protocol

The cryptocurrency market has entered a phase reminiscent of past altcoin seasons, primarily driven by Bitcoin's recent rebound to the $94K–$96K range. 

Altcoin season might have come with reviveding speculation 

The cryptocurrency market has entered a phase reminiscent of past altcoin seasons, primarily driven by Bitcoin's recent rebound to the $94K–$96K range. This resurgence has sparked renewed interest among retail traders, shifting focus from Bitcoin to smaller, more speculative altcoins. The overall market saw a 10% increase in value during the final eight days of April, contrasting with Bitcoin's 7% gain. This trend indicates a growing appetite for risk among investors, particularly in meme coins, which have seen a surge in social media discussions.

However, caution is warranted as elevated crowd enthusiasm often precedes market corrections. Historical patterns suggest that when buzzwords like "altseason" are dominating discussions, it may signal an impending price exhaustion. The current market dynamics reflect a shift toward speculative investments, raising concerns about the sustainability of this enthusiasm.

Bitcoin's bullish sentiment substantially improves

Bitcoin's position as the leading cryptocurrency has remained steady, with discussions around its price fluctuating significantly. Following a period of pessimism, when predictions dipped as low as $10K–$69K, sentiment shifted dramatically with the price recovery. Now, optimistic projections of $100K–$159K are dominating conversations, indicating a reversal in trader sentiment.

Despite Bitcoin's consistent presence in market discussions (approximately 25% of asset topics), the ratio of bullish-to-bearish commentary has grown increasingly favorable. This suggests a growing confidence among traders bolstered by Bitcoin's recent performance. However, it’s essential to monitor whether this bullish sentiment translates into sustained investment, or if it leads to overconfidence that may trigger a market pullback.

Ethere, once a robust contender in the altcoin arena, has struggled to regain retail investor confidence despite recent bullish commentary and promises of innovation from co-founder Vitalik Buterin. Its social media presence has dwindled to about 6–7% of discussions, a significant drop from previous years. This decline highlights the challenges Ethereum faces in re-establishing itself as a go-to investment in a market increasingly dominated by speculative assets.

Conversely, XRP has seen a notable increase in optimism surrounding ETF approvals, with expectations rising to 85%. This shift reflects a broader trend of institutional interest in cryptocurrencies, potentially paving the way for significant capital inflows. Meanwhile, Dogecoin's potential ETF listings have sparked renewed interest, transforming its image from that of a meme coin to a legitimate investment option. The growing dialogue surrounding institutional adoption of Dogecoin and XRP indicates a pivotal moment for these assets, suggesting they may play critical roles in the evolving cryptocurrency landscape.

Advanced

Intro to Santiment.png

Bybit x Santiment social sentiment report: Altcoin sentiment recovers despite Bitcoin’s resilience

Bybit Spread Trading allows traders to simultaneously buy and sell two related instruments in order to hedge risk or profit from price discrepancies. Read more.

Whether markets are flying high or wobbling unpredictably, one thing remains true: traders are always looking for smarter ways to 

 and find profit opportunities. That’s where Bybit Spread Trading comes in. This feature is tailor-made for those who want to go beyond basic buy/sell plays and start taking advantage of price discrepancies between related instruments. In this guide, we’ll walk through exactly how Bybit Spread Trading works, why it matters and how you can start using it today, whether you’re 

is a newly launched Bybit feature that allows users to simultaneously buy and sell two related instruments — such as Spot, Perpetual or Expiry contracts with different settlement dates — in order to hedge risk or profit from price discrepancies.

This type of trading strategy is popular among institutional and professional traders because it enables more precise, controlled market exposure. However, with Bybit’s interface, the barrier to entry is significantly lowered, opening the door for individual traders to tap with just a few clicks into a powerful set of tools.

At its core, Spread Trading on Bybit is about executing what’s called a combo trade. This means entering two positions at once: one long, one short. These positions are taken on related instruments, such as a BTC Spot trade and a BTC Perpetual contract, with the idea that their prices will either converge or diverge in a way that benefits your position.

When you place a buy combo, you’re buying the instrument with the longer expiration (the “far leg”) and selling the one that expires sooner (the “near leg”). 

A sell combo is the reverse: selling the far leg and buying the near leg. The profit (or loss) comes from how the spread between these two instruments shifts over time.

For example, if you believe the spread between a Perpetual and a Quarterly Futures contract will widen, you can buy the combo. If the spread increases after your entry, that movement becomes your profit. Bybit calculates your 

 prices automatically, based on the mark prices and your defined “order price,” so there’s no need to manually crunch the numbers.

Perhaps the most important feature here is atomic execution. This ensures both sides of your combo trade are filled together, in equal quantities, or the trade doesn’t go through at all. It removes “leg risk,” which is the danger of getting filled on one side of the trade, but not the other. In volatile markets, that alone can save you from an unwanted mess.

Spread Trading on Bybit currently supports combinations such as Spot and Perpetual, Spot and Expiry, Perpetual and Expiry, or even two Expiry contracts with different dates. This flexibility lets you build strategies that align with different market outlooks — bullish, bearish or neutral.

There’s a strong reason why Spread Trading is a go-to for many experienced traders: it allows for strategic plays that are more sophisticated than just guessing price direction. On Bybit, it’s not only powerful, but also convenient.

First, you get price certainty. Your spread is locked in at the price you specify. There’s no 

 between legs because the entry prices are automatically calculated and matched. You’re trading the spread, not the individual legs.

Secondly, the trading experience is smoother. Instead of placing two separate orders and manually trying to sync them, Bybit handles everything as a single transaction. You don’t have to worry about whether one leg gets filled and the other doesn’t — that risk is eliminated through atomic execution.

Third, this setup is a great hedge against volatility. By taking opposing positions on two related contracts, you reduce exposure to sharp price movements. Your P&L becomes more about the relative performance between contracts, rather than the market direction itself.

There’s also a strong cost advantage. Trading spreads on Bybit is significantly cheaper than doing it manually. You pay only half the trading fees you’d incur if you placed two individual trades on the order book. For high-volume or 

, that translates to meaningful savings over time.

Finally, it unlocks strategy flexibility. Whether you're 

 funding rates between Spot and Perpetual, doing 

 with different Futures contracts or taking advantage of price convergence before expiry, this platform gives you the tools to execute those ideas efficiently.

How to get started with Bybit Spread Trading 

Now that you have a better understanding of how Bybit Spread Trading works, let’s look into how to get started. Please note that you’ll need to have a Bybit account in order to proceed. If you don’t already have one, please check out our 

 for more information on how to create a Bybit account.

: Log in to your Bybit account and hover your cursor over the 

: The available spreads are organized in a grid, with each tile representing a unique combo. Choose your preferred combo to trade.

Tiles with a border around them signify that Spread Trading offers a better price. Hover over a tile for more details, or use the bar at the bottom of the grid to explore more options.

On the order placement page, set up your order with the following parameters:

to place your order. A pop-up window will appear for you to confirm your order details. Then, click on 

Congratulations — you’ve successfully placed an order!

You can view your Spread Trading orders from any trading page (Spread Trading, Spot and Futures), as they all share the same order data.

 to view your active orders. You’ll be able to view the combo, underlying asset, order price and more. 

If you would like to adjust your order parameters, you may click on the pencil icon under 

. To cancel your order, simply click on the order’s corresponding 

to view your completed orders. To view each order’s information on each leg, click on the order’s corresponding 

button. For additional insights, click on 

Spread trading isn’t for everyone — but if you’re someone who enjoys strategic trading, hedging or arbitrage, it’s a tool worth adding to your arsenal. It appeals to traders who are less interested in taking a directional bet, and more focused on capitalizing on inefficiencies in the market.

You don’t have to be a pro trader to benefit, either. The simplified execution and intuitive UI mean even intermediate users can explore advanced strategies without being overwhelmed. As long as you understand how spreads work, and how your P&L is affected by their movement, you’re already halfway there.

More importantly, in times of market uncertainty or low volatility — when price action feels sluggish — spread trading gives you an alternative way to profit. It keeps you in the game — even when momentum plays aren’t cutting it.

Bybit Spread Trading is a powerful tool that combines simplicity with sophistication. Whether you're looking to hedge, save on fees or experiment with 

 strategies, it offers a clean and user-friendly way to do so. With lower risk, lower costs and plenty of flexibility, Bybit Spread Trading is a smart move for any trader looking to level up their game — especially when markets get messy.

bybit spread trading.png

Bybit Spread Trading: Smart strategies for market swings

Bybit Learn

Altcoins

Crypto

Metaverse

Explainers

Render Network (RENDER) is a blockchain app enabling decentralized GPU power trading for various use cases like computer rendering and AI.

2401-T16454_Skinny_Banner_for_Blog_and_Learn_Row_53_728x90.png

Render_Network_1.png

Render_Network_2.png

Skinny_Banner-1600x400.webp

 (DePINs) are two high-growth areas within the blockchain industry. The former involves decentralized protocols and apps that leverage AI algorithms and computations to enable a wide variety of use cases, while the latter refers to solutions that enable a decentralized trade in computing resources over blockchain networks.

Render Network (RENDER) is among the leading projects at the junction of these two high-growth niches. The project, which started out on 

 (SOL), enables the decentralized trade in GPU computing power to facilitate the processing of graphics rendering and AI jobs. Since the beginning of its public access era in April 2020, Render Network has been among the most popular 

 (DApps) for processing 3D graphics and animation rendering jobs. 

In 2023, the project first added to its arsenal the specialization in AI computations, and later on made a pivotal transition from Ethereum to Solana, rebranding its native token from the original Ethereum-based RNDR to the Solana-based RENDER.

 (RENDER) is a blockchain-based app that facilitates the decentralized trade in GPU power to enable a variety of use cases in computer rendering and AI niches.

 It was originally launched on the Ethereum blockchain in 2020 with the native cryptocurrency ticker RNDR. In late 2023, the project moved to the Solana blockchain and rebranded its new Solana-based native token to RENDER.

Render Network lets one type of user, Node Operators, provide their computers' idle GPU processing capacity to help another user group, Creators, process their computer rendering and AI computational jobs. By providing a 

 for GPU capacity trade, Render Network aims to make rendering and AI computations more accessible to wider segments of creators. Computer rendering is the process of transforming initial 2D graphics model specifications into visually rich 3D or 2D finalized graphics or animation outputs. 

The rendering process is computationally demanding, and often requires expensive, high-spec computer hardware. Many smaller studios and individual creators can’t afford such powerful computers, or have to overstretch their budgets to own these machines. Moreover, alternatives in the form of centralized GPU cloud rendering platforms aren't particularly flexible or affordable.

Render Network makes it possible for Creators to access the hardware resources needed for rendering jobs on a flexible and affordable per-use basis. It also helps GPU owners make their hardware capacity available over the network and earn crypto rewards in the process.

The platform launched publicly in April 2020, quickly establishing itself as the leader of the computer rendering niche in the 

 world. In 2023, Render Network added the capacity to process AI computations in addition to its core specialization — graphics rendering.

Besides being the absolute, undisputed leader of its highly specialized area — decentralized computer rendering — the Render Network project is also among the leading web3 platforms in at least three high-growth categories: DePIN, AI and the 

. A typical DePIN enabling the distributed trade in computing resources between providers and consumers, Render Network is among the top DePIN projects, with the RENDER token ranked second by market cap within the category as of Aug 13, 2024.

The Render Network project was founded in California in 2017 by OTOY Inc., a market-leading cloud rendering provider. OTOY, founded in 2008, is a major trailblazer within the rendering niche and owns the rights to 

, the world's first unbiased, spectrally accurate rendering software.

Originally launched on Ethereum, Render Network transitioned to Solana’s blockchain in late 2023 to take advantage of the latter's superior scalability and lower transaction costs. Render Network offers three pricing tiers: Tier 1 is reserved for large-scale, custom requests from enterprise clients, while Tiers 2 and 3 are available to any user. Tier 2 jobs are more expensive, but have a higher priority and offer better performance than Tier 3 tasks.

Of the network’s two main actors, Creators and Node Operators, Creators can be individuals, smaller design studios or even large Hollywood studios that need to access GPU resources to process their rendering jobs. Creators pay for accessing the hardware resources based on a tiered pricing system. 

 also function within the network by contributing staked RENDER to the 

 on partnered exchanges. Liquidity providers are crucial in allowing RENDER to be available for Render Network's unique Burn and Mint Equilibrium system (covered in a later section).

Node Operators, previously referred to as 

 nodes, make their GPU processing capacity available in exchange for rewards in RENDER tokens. Their machines must meet certain hardware capacity requirements, such as a minimum GPU and other specs. While Node Operators have some freedom in terms of job preferences, their actual job allocations are primarily determined by their reputation scores and other factors, as covered below.

A key factor involved in the decentralized trade in GPU resources on Render Network’s platform is reputation scores. Both Creators and Node Operators are assigned reputation scores based on the history of their on-platform activity. Creators with a history of reliable participation and spending have higher reputation scores, which in turn opens up opportunities to access more concurrent GPU resources and providers.

For Node Operators, reputation scores are also of critical importance. Their scores are determined based on the rate of successful job completions and each job’s complexity. More complex jobs provide a larger boost to their reputation scores. Node Operators with higher scores can then access more high-value job processing opportunities on the network.

When rendering and AI processing requests are delivered to the network, the platform uses a multi-variable system to allocate the jobs to specific GPU providers. Creator and Node Operator reputation scores are some of the variables used in the allocation process. For instance, the Creator's reputation score largely determines the "priority modifier" added to each job. This modifier signals the job's "appeal factor" to Node Operator nodes.

Besides reputation scores, other job allocation variables are the hardware requirements selected by the Creator, time on the network, pricing tier chosen and OctaneBench score (a popular benchmark for GPU rendering).

In order to standardize and quantify the amount of rendering work required, the Render Network team has developed a measure called OctaneBench. Each unit of OctaneBench denotes a standardized amount of rendering work. More powerful GPUs have higher OctaneBench scores, meaning that they can carry out more rendering work per unit of time. As such, a provider's OctaneBench score essentially signals the processing capacity of their machine.

OctaneBench scores are used to provide a standardized measure for assessing the complexity of rendering jobs. Computer rendering jobs differ substantially based on their complexity, type and duration requirements. Naturally, systems with more powerful GPUs are capable of completing the same amount of work faster than systems with lower-specification GPUs.

Render Network opens up opportunities for use cases in various spheres, including 

, product design and development, projection mapping, AI and many others. In fact, any industry or professional niche that relies on high-performance computer rendering or AI computations can benefit from Render Network's core functionality.

Perhaps the most relevant use cases for Render Network include the film and gaming industries, as well as other sectors that rely on visually rich media outputs. In the gaming and GameFi sectors, Render Network enables high-quality animations involving augmented reality (AR) and virtual reality (VR) technologies.

The platform also supports the creation and application of 

 and NFT-based gaming assets with advanced, sophisticated features, such as next-generation interactivity.

Using Render Network, artists and studios can rapidly prototype many alternative product designs with 3D features. This can significantly improve the efficiency and quality of the overall product design and development processes in creative industries.

Rendering high-resolution projections and simulations in open environments like stadiums and concert arenas requires tremendous amounts of processing power. This is where Render Network comes into the picture, with its ability to provide rendering affordably and on-scale.

 and AI-generated visual content are additional areas that benefit from Render Network's vast processing capacity. Recognizing the explosive growth in AI, Render Network has specifically added a new specialization in this area to its functional set. Essentially, through the Render Network SDK, developers can leverage the network's decentralized GPUs for various AI compute tasks.

What Is the Render Network Token (RENDER)?

Render Network’s app was originally launched on Ethereum, with the RNDR token as its native cryptocurrency. The RNDR token is based on the 

 standard, Ethereum's default standard for fungible crypto assets. In late 2023, the Render Network community voted to move the platform to Solana. Along with the move, the project issued a new native cryptocurrency, RENDER, based on Solana's SPL format. Holders of RNDR can convert their tokens to RENDER at a fixed ratio of 1:1.

RENDER is an enhanced version of RNDR, featuring an added escrow 

 functionality. This ensures that the tokens required to pay the Node Operator for a Creator's requested job are securely held in escrow until the work is confirmed.

RENDER has mostly replaced RNDR as the asset used for payments, governance and other key functions on the network. However, the RNDR token, historically popular among crypto investors, still has many holders who haven't converted their investment to RENDER. As of August 2024, centralized crypto exchanges have converted — or are in the process of converting — customers' RNDR funds to RENDER.

Major crypto data portals, including CoinGecko and CoinMarketCap, report the RENDER token's total supply at around 532 million. However, this figure largely reflects the issuance of the original Ethereum-based RNDR token. As of Aug 9, 2024, the current supply of the 

 stands at around 227 million. It’s expected to hit the total supply of 532 million once all RNDR tokens have been fully migrated to RENDER.

RENDER facilitates service fee payments on Render Network and payouts to GPU power providers, and is also distributed as rewards to liquidity providers. Creators currently have the option to pay in RENDER tokens or fiat currency to access processing capacity on the network. Node Operators are reimbursed in RENDER for renting out their machines' hardware capacity. Finally, liquidity providers are rewarded with an additional percentage of RENDER for contributing staked RENDER to liquidity pools on partnered exchanges.

 is another key functionality of the RENDER token. Holders of the token can take part in the voting process concerning any key changes and improvements to the platform. Those who hold RENDER can participate in the so-called Nation voting on the platform. Additionally, holders of the old RNDR tokens can cast their votes through an alternative mechanism called Snapshot voting. 

Given the project team's commitment to migrate all functions of RNDR to RENDER, it's likely that the Snapshot votes using RNDR will eventually be phased out completely.

In order to keep the costs of rendering and AI jobs predictable and stable for Creators, Render Network has introduced a Burn and Mint Equilibrium (BME) system for the RENDER token to determine price via a supply-and-demand equilibrium. Under the BME system, Creators pay for their jobs by converting fiat currency to RENDER using a number of distributed liquidity pools. Naturally, this conversion could lead to an uncontrolled increase in RENDER's supply as the jobs are paid for. To avoid this, additional RENDER used to pay for processing jobs are 

The RENDER token emission distribution per epoch (spanning one week) is then adjusted based on the network usage. Per epoch, Creators can be refunded a percentage of their RENDER spent that epoch in the form of RENDER, further incentivizing them to request for jobs within the network. Node operators are rewarded in two ways: availability rewards for their activity within the network, or completion rewards for successful job completion. Liquidity providers are rewarded for staking RENDER in liquidity pools on partnered exchanges.

Render Network has also implemented a net emissions cap by recycling some burned RENDER each epoch to ensure that network participants can still receive rewards in the long term, even when the supply cap for RENDER has been reached.

, with USDT. All of the trading involves the new RENDER token. By the end of July 2024, Bybit had completed its conversion of all RNDR assets and contracts to RENDER.

As of Aug 16, 2024, the RENDER token is trading at $4.53, which is 66.5% lower than its all-time high (ATH) of $13.53, achieved on Mar 17, 2024, and over 12,000% higher than its all-time low (ATL) of $0.03666, recorded on Jun 16, 2020 (as the old RNDR token).

Long-term price forecasts for RENDER are bullish.PricePrediction 

 to trade at $13.98 in 2025 and $87.29 in 2030, whileDigitalCoinPrice 

 rise to $11.70 in 2025 and $33.92 in 2030.

RENDER, both in its new format and as the old RNDR token, is a popular asset in the crypto investor community. Some consider that the token has the potential to reach levels as high as $50 or even $100. Attaining a price of $50 in a few years is quite feasible for the token, and at least one major crypto forecast portal, PricePrediction, sees the token climbing to this level by 2029. Render Network is a project full of promise and potential, and while $50 might seem challenging, it's certainly not out of the question if an investor adopts a long-term hold strategy.

The $100 level, however, is a much more challenging proposition, at least within the next five years. For RENDER to reach such heights within this time frame, the overall crypto market would need to receive a massive structural boost, in addition to Render Network maintaining its leadership roles in several market categories.

RENDER has long been considered among the most popular product-oriented cryptocurrencies to own. The project's leadership positions in several key niches — DePIN, AI and the metaverse — have always attracted the attention of investors. Within its specialized but highly lucrative area, computer rendering, the platform retains virtually unchallenged dominance.

All these factors make RENDER a darling of many institutional and retail investors. Short of any unexpected, and rather unlikely, project-specific fiasco, RENDER would fail to deliver only if the entire crypto market — including the most stable and popular crypto assets in it — also failed. Well-supported by a highly functional business model, RENDER is considered by some analysts to be one of the best cryptocurrencies to own, particularly for long-term investment.

That said, it's important to note that crypto projects can be highly volatile, and it’s recommended you 

Supported by the booming niches of AI, gaming and the metaverse, Render Network is a key crypto project at every level of the industry. By enabling more affordable, flexible and scalable rendering services, the platform is a major catalyst for the explosive growth in visually sophisticated products and services on the market.

With the addition of AI computational capacity in 2023, Render Network has further solidified its competitive position. As of 2024, few, if any, crypto projects on the market hold leading positions in as many high-growth sectors as Render Network.

What Is Render Network (RENDER): The Future of 3D Rendering

Compete for 2,500 USDT Every Week

Earn Points by Completing Tasks

Event Rules

Weekly Leaderboard