This report explores the liquidity situation of the Render Token (RNDR) on Uniswap v3. RNDR consistently ranks among the top 100 most traded assets on the largest decentralized exchange, with a Total Value Locked (TVL) of over 3.5 million USD.
The RNDR token serves as the native cryptocurrency of the Render Network, a decentralized Graphics Processing Units (GPUs) platform that harnesses blockchain technology to deliver efficient, cost-effective, and high-quality 3D rendering services.
This network facilitates connections between users needing rendering services and individuals willing to provide their GPU’s computational power, establishing a marketplace democratizing access to rendering resources. The RNDR token is pivotal as the network’s currency, granting users access to rendering services and resources.
Our analysis of RNDR’s liquidity on Uniswap aims to answer essential questions:
Price Impact: Is it possible to acquire substantial quantities of RNDR without causing a substantial impact on the token’s price?
Liquidity Pool Insights: What is the current status of liquidity pools for RNDR on Uniswap v3, and how many investors are actively participating in trading this token?
The RNDR/WETH pool, which features a 1% fee level, stands out as the most active trading pair for RNDR on Uniswap. The liquidity of the RNDR token has been evaluated using a few key metrics, which we will delve into in the following sections.
RNDR – Total Value Locked (TVL)
RNDR – Volume
RNDR is available on nearly all significant centralized exchanges and a few decentralized exchanges, providing convenient accessibility to anyone interested in becoming part of their investor community. Binance and Coinbase are notable platforms with multi-million RNDR trading volumes.
Despite the volatile nature of cryptocurrency markets, RNDR remains a top performer, consistently ranking among the top 100 most liquid assets on Uniswap. Our analysis focuses on RNDR’s liquidity on Uniswap, answering crucial questions about its price impact and liquidity pool dynamics. Notable findings include:
Liquidity from the perspective of Empirica:
“The liquidity of the Render token on Uniswap V3 is exceptionally robust, thanks to substantial capital commitment from liquidity providers and very low slippage even for orders significantly larger than the average swap sizes traded on RNDR. This provides a substantial buffer, ensuring that liquidity is well-prepared to handle an increasing number of transactions and larger ticket sizes. It’s certainly great news for the Render investor community and a positive development for institutional investors,” commented Michal Różański, CEO of Empirica.
Notable findings include:
We inquired with an RNDR representative, Trevor Harries-Jones, Director of the Render Foundation, about upcoming plans for updates and events that could potentially spark increased interest in the token among investors.
As always, DYOR. The Report was prepared by Empirica Liquidity Lab based on its own Token Liquidity Ranking – November Edition. All analyses, opinions, and views in this report are based on our research and were prepared for informational purposes. They cannot be considered a suggestion or encouragement to make investment decisions. They are solely up to you.
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