Renzo Price

Renzo (REZ) is a cryptocurrency launched in 2024 on the Ethereum platform. It's designed for the DeFi sector, focusing on restaking and the EigenLayer ecosystem. Renzo has a total supply of 9.81B REZ tokens, with 8.49B REZ currently in circulation. As of 2026-05-06, Renzo is ranked #501 on CoinMarketCap with a price of $0.00542 and a market cap of $46.03M. The token has seen a +0.5% change in the last 24 hours, with a trading volume of $35.77K. Renzo is part of the Binance and Solana ecosystems, and has backing from notable investors like Binance Labs and OKX Ventures. The project aims to innovate in the restaking space, potentially offering new opportunities for yield generation and network security. With its presence on multiple blockchains and strong institutional support, Renzo is positioning itself as a significant player in the evolving DeFi landscape.

Renzo was created on May 2, 2024. The cryptocurrency was launched on the Ethereum platform and later expanded to the Solana ecosystem. Renzo aims to provide decentralized finance (DeFi) solutions and is part of the growing restaking sector. Since its inception, Renzo has gained significant traction, being listed on over 150 trading pairs across various exchanges. The project has attracted attention from notable investors and is part of several prominent ecosystems, including Ethereum, Solana, and EigenLayer. As of 2026-05-06, Renzo has a circulating supply of 2,763,271,866 tokens out of a total supply of 10 billion REZ. The cryptocurrency has shown volatility in its price, reflecting the dynamic nature of the crypto market, but continues to maintain interest from the Web3 community due to its innovative approach to DeFi and restaking technologies.

The founders of Renzo (REZ) are not publicly disclosed. The project was launched in May 2024 as a decentralized finance (DeFi) protocol on the Ethereum and Solana blockchains. While the founding team remains anonymous, Renzo has gained support from notable investors including Binance Labs and OKX Ventures. The protocol focuses on restaking and is part of the EigenLayer ecosystem. Renzo aims to provide innovative DeFi solutions and has quickly gained traction since its launch, now ranking #501 by market cap. The project's development is led by a team of experienced blockchain engineers and financial experts, though their identities are kept private to maintain the decentralized nature of the protocol. For the latest updates and information, users can follow Renzo's official Twitter account @RenzoProtocol or join their Discord and Telegram communities.

Renzo operates on the Ethereum and Solana blockchains as a decentralized finance (DeFi) token. It utilizes smart contracts to enable various financial services and applications. The REZ token is used for governance, staking, and accessing protocol features. Key aspects of Renzo's functionality: 1. Restaking: Users can stake their REZ tokens to earn rewards and participate in network security. 2. EigenLayer Integration: Renzo leverages EigenLayer's technology for enhanced scalability and security. 3. Cross-chain Compatibility: Operating on both Ethereum and Solana allows for increased interoperability and liquidity. 4. Governance: REZ holders can vote on protocol upgrades and changes, ensuring community-driven development. 5. DeFi Applications: The token supports various DeFi use cases, including lending, borrowing, and yield farming. 6. Limited Supply: With a max supply of 10 billion tokens, Renzo has a controlled inflation model. As of 2026-05-06, Renzo has a market cap of $46.03M and is ranked #501 among cryptocurrencies. The current price is $0.00542, with a 24-hour trading volume of $35.77K. The circulating supply stands at 8.49B REZ REZ.

Renzo utilizes a multi-chain architecture, primarily built on Ethereum and Solana blockchains. On Ethereum, it leverages the ERC-20 token standard, while on Solana, it uses the SPL token standard. This dual-chain approach allows for greater flexibility and interoperability. The protocol employs smart contracts for various DeFi functionalities, including staking, liquidity provision, and governance. It integrates with EigenLayer for restaking capabilities, enhancing capital efficiency and security. Renzo's architecture incorporates advanced cryptographic techniques for secure transactions and privacy features. The protocol uses a Proof-of-Stake consensus mechanism, contributing to its energy efficiency and scalability. For governance, Renzo implements a decentralized autonomous organization (DAO) structure, allowing token holders to participate in decision-making processes. This includes voting on protocol upgrades, parameter adjustments, and fund allocations. The protocol also features cross-chain bridges to facilitate seamless asset transfers between Ethereum and Solana networks, enhancing liquidity and user accessibility. Additionally, Renzo incorporates oracle integration for real-time price feeds and external data, crucial for its DeFi operations. Overall, Renzo's technical architecture is designed for scalability, security, and interoperability within the broader DeFi ecosystem.

The future of Renzo looks promising. The project has a clear roadmap focused on expanding its ecosystem and enhancing its technology. Key milestones include: 2026: Launch of Renzo staking platform and integration with major DeFi protocols. 2027: Introduction of cross-chain functionality, allowing REZ to operate on multiple blockchains. 2028: Development of a Renzo-powered decentralized exchange and liquidity provision system. 2031: Implementation of advanced scaling solutions to improve transaction speed and reduce fees. 2036: Establishment of Renzo as a leading platform for decentralized finance and restaking services. The team is committed to continuous innovation, focusing on improving security, scalability, and user experience. They're also actively pursuing partnerships in the Web3 space to increase adoption and utility of REZ. With its strong foundation in DeFi and restaking, Renzo is well-positioned to capitalize on the growing demand for decentralized financial services and become a major player in the crypto ecosystem.