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Ren

REN

  • Cross-chain Bridge
  • Cross-Chain Communication
  • Infra
Established Year
2017
Operating Status
Active
Ecosystem
EthereumPolygonSolanaFantomArbitrumOptimismKavaMoonbeam
Ren is an open protocol that enables the movement of value between blockchains. Ren's future is to seamlessly connect blockchains as a Layer 0. Developers will be able to build a single implementation of their application on top of Ren, allowing them access to the entire Multichain world. In February 2021, the Ren development team joined Alameda Research.

Organisation

Team

Financial Portfolio

Investment

Singularity
Singularity
Seed
$1.1 M

Recent News

Frequently Asked Questions

What Is Ren (REN)?

Ren (REN) is an open protocol built to provide interoperability and [liquidity](https://coinmarketcap.com/alexandria/glossary/liquidity) between different [blockchain](https://coinmarketcap.com/alexandria/glossary/blockchain) platforms. To learn more about this project, check out our deep dive of [Ren](https://coinmarketcap.com/alexandria/article/bringing-bitcoin-to-defi-a-complete-beginners-deep-dive-into-renvm). Formerly known as Republic Protocol, Ren launched RenVM, its virtual machine mainnet, in May 2020, having completed a $34 million initial coin offering ([ICO](https://coinmarketcap.com/alexandria/glossary/initial-coin-offering-ico)) in 2018. The protocol’s native token, REN, functions as a bond for those running nodes which power RenVM, known as Darknodes. Ren aims to expand the interoperability, and hence accessibility, of decentralized finance ([DeFi](https://coinmarketcap.com/alexandria/article/what-is-decentralized-finance)) by removing hurdles involved in liquidity between blockchains.