
Render RENDER
SPOT PRICE / USD
$1.86
▲ +2.89% / 24H
MARKET CAP
$964.45M
24H VOLUME
$73.62M
24H HIGH
$1.88
24H LOW
$1.79
7D CHANGE
+42.18%
30D CHANGE
+25.90%
1Y CHANGE
-48.41%
ALL-TIME HIGH
$13.53
CIRCULATING
518.78M RENDER
MAX SUPPLY
644.25M
ATH DROP
-86.26%
ATH DATE
Mar 17, 2024
NETWORK TYPE
Decentralized GPU compute network
SECTOR
Infrastructure
About Render
Render (RENDER) is the token behind the Render Network, a decentralized platform that connects people who need GPU computing power, such as for graphics rendering, with those who have idle GPU capacity to offer. It sits in the decentralized infrastructure and compute category, where value is tied to demand for distributed processing power.
How the Render Network works
The Render Network aims to match demand for GPU-intensive work, like 3D rendering and increasingly other compute-heavy tasks, with a distributed supply of GPU providers. Instead of relying on a single centralized data center, the network coordinates many independent providers. The RENDER token is used within this marketplace to facilitate payments and incentivize participation between those who supply compute and those who consume it.
What RENDER is used for
- Paying for rendering and GPU compute work on the network.
- Incentivizing providers who contribute GPU capacity.
- Coordinating the marketplace between supply and demand for compute.
- Portfolio exposure to decentralized GPU and compute demand.
Render's value case rests on real demand for distributed GPU power, not just the narrative around it. — CoinRadar Daily analysis
Risks and considerations
RENDER is exposed to crypto market volatility and to the actual adoption of decentralized GPU rendering and compute. Competition from centralized cloud providers and other networks, along with technical execution risk, can affect the project. Tokenomics and network mechanics can change over time. Verify current details through official sources before making decisions.
Frequently asked questions
What is Render (RENDER)?+
RENDER is the token of the Render Network, a decentralized platform that connects users needing GPU computing power, such as 3D rendering, with providers of idle GPU capacity.
What is RENDER used for?+
RENDER is used to pay for GPU rendering and compute work on the network and to incentivize providers who contribute capacity to the marketplace.
What are the risks of RENDER?+
Risks include crypto volatility, uncertainty around adoption of decentralized GPU compute, competition from centralized cloud providers, and changing tokenomics.
DATA: COINGECKO · CACHED ~5 MIN · INDICATIVE ONLY · NOT FINANCIAL ADVICE
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