Renzo is a Liquid Restaking Token (LRT) and Strategy Manager for EigenLayer. It is the interface to the EigenLayer ecosystem securing Actively Validated Services (AVSs) and offering a higher yield than ETH staking. REZ is the Governance Token for the Renzo Protocol which is backed by Liquid Restaking Token ezETH.
Renzo Price Analysis
As of September 13 2024 Renzo has a marketcap of $60M.
This is {{percentagefromath}} from its all time high of $0.278213.
In terms of its tokenomics, there's a total supply of 10B with 16% currently outstanding.
Keep in mind Renzo has a fully diluted value of $367M which many investors might interpret as overvalued.
Of course, don’t trust price predictions alone, always check the Coinrotator token screener to follow the trending market.
Summarized in part by ChatGPT 4 and Claude
