Recent market insight suggests that **Renzo Protocol's REZ coin** has been facing some turbulence. After its **listing on Binance**, the REZ token witnessed a significant decline of more than 35%. However, in the middle of these market storms, Renzo managed to raise $17M from significant sources such as Galaxy and Brevan Howard, capitalizing on the restaking rage.
As a leading ETH Liquid Restaking protocol having a total value locked (TVL) of about $3.3B, Renzo aims to enhance yields through **liquid restaking**. Following the end of an airdrop farming window, Renzo's ezETH depagged to $688 showcasing interesting market movements.
Amidst more revelations, such as Binance's user base growing, the trading platform decided to delist certain trading pairs. However, the **distribution plan for Renzo's governance token REZ** has been outlined by the platform.
In terms of trends and projections, analysts are predicting a bullish outlook for Defi tokens with Ethereum gaining substantial momentum. Generally, altcoin traders are affected by Binance's announcements, and stakeholders are eagerly waiting for updates on Renzo's next moves.
REZ Coin News Analytics from Tue, 02 Feb 2021 08:00:00 GMT to Tue, 21 Jan 2025 19:17:59 GMT -
Rating -2
- Innovation 7
- Information 6
- Rumor -3
