- #687
Renzo Protocol REZ
During the accumulation phase, trading volumes are significantly higher than usual. The price fluctuates within a range for extended periods, delivering failed breaks in both directions, which makes it harder to analyse future price move. Find out more at dropstab.com/insights/accumulation-phase
REZ Price
Market Cap
$73.99 MRank #687FDV
$364.30 MRank #316Investors
X Followers
Detailed Performance
REZ shows Bearish signs against top cryptocurrencies, leading categories and blockchains over various time periods
REZ to USD Converter
Price History
- All-Time High
- $0.31578.67x to ATH
- All-Time Low
- $0.028721.27x to ATL
- Trade Launch Date
- 30 Apr, 2024
244 days ago
Fundraising
See more- ICO Price
- --
- Funds Raised
- $20.20 M
- Tokens Sold
- 250.00 M REZ
Exchanges
Exchanges type
About REZ
Renzo Protocol is a project built on the EigenLayer ecosystem. This is an ecosystem that seeks to facilitate permissionless innovation on Ethereum. Renzo plays a crucial role here, as one of its main goals is to promote the widespread adoption of EigenLayer and its goal of acquiring trust programmatically. Essentially, users can stake ETH and become active participants in the network’s security. But, more than that, they get to earn higher yields compared to traditional ETH staking methods. The protocol was founded in 2023, with Lucas Kozinski and Kratik Lodha as founding contributors. It was created to be the bridge that would allow users to enter EigenLayer, and engage in secure re-staking of Ethereum. Renzo’s own mainnet launched on October 30, 2023, allowing community members to deposit and stake native ETH tokens.
What makes Renzo unique?
Renzo Protocol’s main feature is re-staking ETH tokens via the EigenLayer. However, its unique feature is cross-chain re-staking, which it introduced on its platform in collaboration with the Connext Network. As the name suggests, the feature allows users to re-stake their assets on popular L2s by way of wrapped ETH.
Apart from that, cross-chain re-staking also removes the complexities of traditional staking across different projects, which provides a broader range of use cases for the Ethereum landscape.
Renzo also has its native token, known as ezETH. The token represents users’ re-staking activities, and they receive it when they deposit ETH or some other approved token. The received ezETH holds a similar value to the staked amount and can be used for transactions.
Stakers can withdraw their staked tokens at any time, but this unstakes the deposited assets. The only downside is that the withdrawal process can take seven days or possibly longer, depending on a variety of factors.
Live Renzo Protocol Price Data
The current price of Renzo Protocol (REZ) is approximately $0.03643, reflecting a decrease of -1.26% in the last 24 hours. The REZ trading volume in the last 24 hours stands at $6.74 million. Renzo Protocol 's market cap is currently $73.99 million, accounting for about < 0.01% of the total crypto market cap. The circulating supply of REZ is 2.05 billion.
For a comprehensive list of exchanges, visit our crypto exchanges page. To understand Renzo Protocol 's performance over time, consider exploring its price history and ROI. For in-depth analysis and insights on REZ, check out our crypto insights page.
Official Links
REZ to USD Converter
Price History
- All-Time High
- $0.31578.67x to ATH
- All-Time Low
- $0.028721.27x to ATL
- Trade Launch Date
- 30 Apr, 2024
244 days ago
Fundraising
See more- ICO Price
- --
- Funds Raised
- $20.20 M
- Tokens Sold
- 250.00 M REZ