Render

Render is a decentralized GPU compute network that connects people who own idle graphics processing hardware with artists, developers, and machine learning practitioners who need large amounts of computing power for tasks such as 3D rendering and generative AI. The central problem it claims to address is the high cost and limited availability of cloud-based GPU capacity, particularly for creative and AI workloads. The RENDER token is the unit of exchange within this network, classified under NFT, gaming, metaverse, and artificial intelligence categories and operating across both the Ethereum and Solana ecosystems.

Node operators contribute their spare GPU capacity to the network and receive RENDER tokens in return, while creators submit rendering or compute jobs and pay for them in RENDER. The network routes these jobs across a peer-to-peer layer, with the Render Network Foundation supporting ecosystem development. The token therefore functions as the internal currency that clears supply and demand for compute resources on the platform.

Fees are generated when creators pay for compute jobs on the network, with the protocol recording 13,394 USD in fees over the most recent 24-hour period, 38,456 USD over the trailing 7 days, 234,542 USD over the trailing 30 days, and 1,900,113 USD over the trailing 12 months. The take rate stands at 100 percent over the trailing 30 days, meaning the full fee amount is treated as protocol revenue, with 222,809 USD of the trailing 30-day revenue attributed to token holders and zero attributed to supply-side participants such as node operators in that same period. Fee and revenue growth over the trailing 30 days was 70.28 percent. The market capitalization divided by annualized revenue sits at approximately 336.67, based on revenue annualized from the trailing 30 days.