Renzo (REZ), a leading
Ethereum-based liquid restaking protocol recently experienced substantial gains following listings on two major platforms:
Coinbase and then
Binance's Launchpool. Its
price pumped over 60% on Coinbase and further soared following the Binance listing. Consequently, REZ's market cap debuted at a robust $289M. A key feature of Renzo is its potential to enhance yields through liquid restaking. The protocol has attracted sizeable interest and investment, raising $17M from financial giants such as
Galaxy and
Brevan Howard. The Total Value Locked (TVL) in Renzo's protocol is stated to be $3.3B, highlighting its adoption and usage. The altcoin also experienced significant price surges, drawn from expectations of listing on the South Korean platform,
Bithumb. Notwithstanding, REZ witnessed some market turbulence and a price plunge of over 35% after Binance's listing.
Crypto experts predict that amidst other top-performing altcoins, Renzo may stand out as the next potential explosively profitable crypto project.
REZ Coin News Analytics from Fri, 29 Jan 2021 15:52:16 GMT to Tue, 27 May 2025 04:56:27 GMT -
Rating 7
- Innovation 7
- Information 9
- Rumor -4
