#26 / AI and computerender-tokenPartially verified
Render
A marketplace connecting idle GPUs with rendering and AI workloads.
Token
RENDER
Sector
Decentralized GPU compute
Category
AI and compute
Organizations
0
Coverage
9/11
Live market data
RENDER market
CoinGecko data; may be delayed.
Tokenomics
Circulating vs diluted1.24x
- Circulating supply
- 518.78M
- Total supply
- 533.54M
- Max supply
- 644.25M
80.5% of the achievable supply is already circulating.
All-time high (ATH)
$13.53 -87.46% · Mar 17, 2024
Source: CoinGecko, snapshot of Oct 28, 2026. Figures may be delayed.
On-chain fundamentals
This asset is not mapped to a DefiLlama-tracked protocol or chain, or the provider reports no data for it. When a verified mapping exists, the table appears here.
Why it matters
Render coordinates a distributed network of GPU providers so artists and, increasingly, AI workloads can access rendering capacity without owning hardware. Originating from the Otoy graphics ecosystem, it migrated its token to Solana to reduce transaction costs. It is one of the clearest examples of the DePIN thesis: crypto incentives coordinating real physical infrastructure.
General research guidance, not analysis specific to this asset. Detail is pending.
Track the real organization or foundation behind the token, not just the ticker.
Separate token utility from price action before building a position.
Compare network usage, liquidity, incentives, and governance quality against nearby competitors.
How it works
Render Network connects people who need GPU compute — motion-graphics studios, 3D artists, and increasingly AI/ML teams — with node operators who rent out idle GPUs. A creator submits a job, the network's router assigns it to operators running Render software on everything from RTX-class consumer cards to data-center hardware, and payment settles on-chain. Since the 2023-2024 upgrade the network lives on Solana with an SPL token, and the marketplace has been expanding from pure image rendering toward streaming and generative-AI inference workloads.
Token utility
Payment for GPU rendering and compute jobs
Rewards for node operators contributing hardware
Network governance over pricing and upgrades
Value capture
Payments flow through a Burn-Mint Equilibrium: a job's fee burns RENDER, and node operators' compensation is minted at a rate tied to a reference price, so usage converts into symmetric burn and mint pressure rather than hoarded tokens. Burned RENDER leaves supply permanently, while operator rewards float with network demand. Demand for GPU work — not speculative velocity — is the mechanism that tightens effective supply.
Supply and issuance
The ERC-20 RNDR supply migrated 1:1 into the SPL RENDER token, so the historical genesis allocation carries over and the Burn-Mint Equilibrium adds a deflationary lever: every paid job burns, operator rewards mint. The net effect depends on demand outpacing reward emissions. The foundation does not publish a hard maximum; the binding quantity is burned-versus-minted supply, reported monthly in the foundation's reports.
Governance
Protocol changes run through Render Network Proposals (RNPs): public draft, community comment, and a vote weighted by token stakeholders, with the Render Network Foundation executing approved work. The foundation also steers ecosystem grants and the migration roadmap. In practice the foundation and a small set of core operators carry most implementation power; the public proposal record is the check on that concentration.
Key risks
Competes with hyperscale cloud providers on price and reliability
Demand depends on real rendering and AI workloads, not only narrative
Hardware supply cycles and GPU pricing affect network economics
Frequently asked questions
What does the Render burn actually do?
Each paid job burns its fee from supply, and operators are paid from a separate mint at a reference rate. The burn is permanent deflation; the mint is ongoing distribution. The network is only net-deflationary in periods when job demand outpaces operator rewards — check the foundation's monthly burn and mint reports rather than assuming either direction.
Why did Render move to Solana?
Rendering produces many small, frequent payments — thousands of micro-settlements per job — and Ethereum's fee regime made that uneconomic. The 1:1 RNDR-to-RENDER migration moved the token to Solana's SPL standard, where settlement costs per task are negligible. Legacy ERC-20 RNDR remains upgradeable through the official portal at the same 1:1 ratio.
References
Last verified:
- Render Network
Render · rendernetwork.com · primary source
The project's official site, retrieved on the date shown, supporting how it describes itself. It does not establish supply, governance or issuance mechanics.
Accessed
Linked organizations
MapPending linkage to a concrete organization on the map.
Relationships
Related to
Solana
Adjacent asset in the same research context.
Directory suggestion, pending verification.
Competes with
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Serves a comparable role, so the two are worth reading side by side.
Directory suggestion, pending verification.
Related to
Filecoin
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Directory suggestion, pending verification.
Competes with
Bittensor
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