Ren Protocol Triples in Total-Value-Locked Over The Weekend

Ren Protocol’s renBTC has tripled in TLV (USD) in a matter of 72 hours.

Breaking the 10,000 token supply of $REN has catapulted their growth from $59M TVL to $172M TVL.

This is a considerable market share of the combined $420M of Bitcoin being utilized as collateral for smart contracts on the Ethereum Network.

In the last 24 hours, @renprotocol has processed moved more than $1M USD worth of #Bitcoin per hour. Over the last week, it has averaged more than $7M USD per day. Over the last month, more than $4M USD per day. pic.twitter.com/nfcklVt11w

— Loong (@bzlwang) August 16, 2020