Render Price Today

The current real-time Render price is $6.48 . RNDR price has plummeted by 2.34% in the last day and decreased by 0.56% in the last seven days. It’s important to note that the current Render market capitalization is $2,543,664,933. The maximum supply is coins, with a circulating supply of 392,459,381.46. RNDR is ranked #35 in terms of market cap.

The Basics of Render

Render (RNDR) is an innovative cryptocurrency project creating a Decentralized Physical Infrastructure Network (DePIN) of Graphics Processing Unit (GPU) hardware. Users can pledge spare resources to earn rewards paid in RNDR. Creators can also access the service to render complex scenes and effects at a much lower rate than traditional solutions. 

Render was created by Jules Urbach and launched publicly in April 2020. From 2017 to 2018, the Render team held public and private sales, raising a combined $5.18 million. 

The Inner Workings of Render 

Render is an ERC-20 cryptocurrency built on the Ethereum blockchain. However, the project will transition to the Solana blockchain to take advantage of its superior speeds, changing its ticker to RENDER in the process.

While Render refers to the network of computational resources, RNDR is the project’s utility token that is used to pay for rendering resources and distributed to those providing GPU hardware. Render is also integrated with OTOY, created by OctaneRender, the company behind Render. 

Render utilizes a novel reputation-based system for determining pricing and allocating jobs. Jobs are divided into three tiers: Trusted Partners, Priority, and Economy. Higher-tier jobs pay out more RNDR tokens and can only be completed by trusted node operators. Creators also receive a reputation score that dictates how quickly the network processes their jobs. 

All Render users have unique identifiers tied to their OctaneRender account. As OctaneRender requires Know-Your-Customer (KYC) verification, it helps prevent issues like fraud and duplicate accounts.

The Utility of Render

Along with Bittensor and Filecoin, Render is among the most popular DePINs on the market. People with spare GPU hardware can pledge their resources to the network to earn RNDR tokens. The computational resources are used for rendering portions of complex videos, 3D effects, and other resource-intensive visual content. 

Outside of benefiting people with spare resources who wish to earn extra money, Render drastically lowers the cost and barrier to entry of creating quality, high-resolution visual effects and video content. Creators must log in to the Render platform and upload their design files and specifications. Afterward, the system will distribute the job across the network to ensure it’s completed efficiently. 

Traditionally, rendering effects and 3D environments are impossible for small studios or independent creators as they either need to purchase costly hardware or outsource to an external team. However, Render’s system effectively allows people to rent processing power. Moreover, the system is scalable, as it can distribute larger jobs across the active network.

Proof-of-Render (PoR)

While Render is built on the Ethereum network, it has created a custom consensus mechanism dubbed Proof-of-Render (PoR). The mechanism works similarly to Bitcoin’s Proof-of-Work (PoW) system, but users are rewarded RNDR for graphics processing instead of solving cryptographic equations. The Proof-of-Render mechanism is responsible for pairing creators and resource providers. 

A Complete Render Price History

Render was initially released in 2017 as a public sale, with tokens being sold for $0.25. However, the project wasn’t officially launched until June 2020, when RNDR traded at around $0.05, affording early investors a return of around 11,200% based on today’s prices.

Investor sentiment was largely positive, and there was momentum in the market, leading RNDR to rise as high as $0.1935 by early December. However, 2021 was much more impressive. Due to the bull market and massive demand for crypto, RNDR went into the year at around $0.1014, climbing by 2,545% to $2.6821 by March.

While the asset dropped following its brief run, it exploded in late 2021, rising to $8.7608 in November. However, after RNDR’s run, the crypto collapsed alongside the broader market, dropping to around $2.2509 in March 2022 before falling further to $0.4318 by mid-June. Despite brief stagnation and entering 2023 at just $0.4041, RNDR rose to $2.7065 by June.

As Render’s network continued growing and forming new partnerships, the crypto market began to recover from its slump. As a result, RNDR went parabolic, rising throughout the latter half of 2023 to $4.4681 before setting an all-time high of $13.60 in March. Today, RDNR trades for around $6.48 , a 58% decrease compared to its 2024 high.