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What Render’s latest update and Solana’s migration mean for RNDR holders

3min Read

Render’s announcement comes days after it disclosed that it was collaborating with compute clients on Solana. The potential impact of both events on the network is discussed here.

Render news with Solana involved

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  • Node Operators on the Render network would get the first set of tokens by 31 December.
  • With Solana involved, RNDR may now have another bullish backing for the long term.

Render Foundation, the team behind the distributed GPU rendering network Render [RNDR] has announced 1.4 million in RNDR tokens as incentives for its node operators. A node operator is either a miner or validator on a network.

Read Render’s [RNDR] Price Prediction 2024-2025

Operators over airdrop hunters

Whether validator or miner, node operators are responsible for managing and monitoring information stored on the blockchain. Render’s announcement comes days after it disclosed that it was collaborating with compute clients on Solana [SOL].

For context, a compute client is used to connect a node on a particular blockchain with another node on another network. Hence, Render’s integration with Solana means that it is dedicated to preventing transaction failure.

Furthermore, Render Foundation’s decision to reward node operators means the project holds the group in high esteem. Some time ago, the project informed the crypto community that it did not plan on airdropping tokens like others may have done.

Despite that, AMBCrypto reported how great the project had done in terms of adoption. Also, RNDR’s price action has not been left out of the party. Between 13 October and 2 November, Render’s network growth climbed from 136 to 503.

Network growth tracks the number of new addresses interacting on a network. The metric is used to gauge tracking on a project. Therefore, the hike suggests an increase in advocacy for the Render.

Decreasing demand for RNDR is not the end

As shown above, the metric had plunged, indicating a decline in traction. This decrease in demand for RNDR could also be linked to the cryptocurrency’s 2.94% fall in the last seven days.

RNDR's price action and Render's network growth

Source: Santiment

But with the Solana partnership, RNDR could be back with an upward movement. The reason for this is that Solana has become one of the best performers of the past few months. In addition, projects linked to it have followed the same path.

On 31 October, Render’s social dominance reached a height of 12.45%. This meant that the crypto community had eyes on the token especially as the value surged to almost 100% at that time. Gaining insights into other promising AI crypto projects can complement your understanding of Render’s growth trajectory.

However, its social dominance has dropped at press time, indicating a recent oversight. But traders might need to watch out for RNDR in the coming weeks. Should the token build on its 6.95% 24-hour growth, then it may be time to expect a rally again.

Realistic or not, here’s RNDR’s market cap in SOL terms

Render’s market cap is also one metric market participants may want to watch out for. Based on CoinMarketCap’s data, the project was ranked 52 with a market cap of $866.10 million. 

A chart showing Render's market cap and social dominance

Source: Santiment

In the next few months, this value could increase depending on RNDR’s circulation, the narrative around its fundamentals, and certain developments.


Victor Olanrewaju is a full-time journalist at AMBCrypto. Settled in Lagos, his fascination with blockchain technology and the cryptocurrency market arose out of his love of freedom and everything free. As a Nigerian, Victor understands the impact unfounded financial restrictions have on a population. He sees Bitcoin and cryptos as a way to circumvent these obstacles, as a tool for value creation despite all the setbacks. A graduate in Physics, Victor previously worked as a Senior Marketer at Melange Technologies. Before that, he dealt with crypto-marketers on a regular basis in his capacity as Copywriter at Ventrix Media. At AMBCrypto, Victor’s focus is on assessing the real effectiveness of both on-chain and off-chain developments on a project and its community sentiment.
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