Render (RENDER) Exchange

About Render

RENDER is the utility token of Render Network, a decentralised GPU compute marketplace on Solana that connects creators needing rendering power with node operators supplying idle GPU capacity. Creators pay RENDER to node operators for completed rendering and AI compute jobs — not through staking or governance participation, but as direct payment for measurable work delivered on-chain. The token migrated from Ethereum (ticker: RNDR) to Solana in November 2023 at a 1:1 ratio, and exchanges such as Kraken and Binance.US supported the swap.

RENDER tokenomics

Render Network uses a Burn-and-Mint Equilibrium (BME) model introduced through governance proposal RNP-001. Under BME, RENDER tokens spent on compute jobs are burned, while new tokens are minted as rewards for node operators on a declining, predefined emission schedule — linking token destruction directly to actual network utilisation. As of October 2026, approximately 518.8 million RENDER are in circulation, according to CoinGecko.
Burn-and-Mint Equilibrium — tokens paid for rendering jobs are destroyed on-chain; replacement tokens are minted exclusively as node operator rewards under the emission schedule
Emission pool — a 20% inflation pool (~107 million tokens) was added via RNP-001 to fund node rewards under the BME model; unused monthly allocations remain locked by the Foundation and do not enter circulating supply
Circulating supply — approximately 518.8 million RENDER as of October 2026, according to CoinGecko; dynamic due to burn and mint activity
Maximum supply — 644,245,094 RENDER: the original supply of about 536.87 million plus the 107.38 million emission pool, which is scheduled to be issued on Solana over ten years (about 9.13 million in year one and 5.90 million in year two)
Governance — RENDER holders vote on network parameters including emission rates, fee structures, and compute subnet expansion through on-chain proposals
Chain — Solana SPL token; settlement coordinated on-chain while compute data flows off-chain through Render's job infrastructure

What determines RENDER's value

RENDER's primary demand driver is compute job volume: every rendering frame or AI inference task paid for in RENDER triggers a burn event, reducing circulating supply in proportion to actual GPU usage. Render Network processed over 22 million frames in 2025, with the network projecting expansion to 45,000 active nodes, according to CoinMarketCap ecosystem data. In April 2025, the community approved the Render Compute Network (RCN), a dedicated AI subnet for model training and inference workloads — extending the burn mechanism beyond visual rendering into a much larger addressable market.

The secondary driver is node operator supply: the BME model pays GPU providers in newly minted RENDER on a predefined declining schedule, so net supply impact depends on whether tokens burned through compute spending outpace scheduled emissions — a dynamic that gives RENDER's economics a direct connection to GPU utilisation rates rather than abstract tokenomics. Render Network founder Jules Urbach presented at NVIDIA RTX Rendering Day during SIGGRAPH 2026 in Los Angeles, further cementing Render's position at the intersection of professional creative tooling and decentralised infrastructure.