The price of the REN token has hit an all-time on August 18, and continues a remarkable rise that began in late July 2020.

• REN hit an all-time of $0.56 on August 18; price at the time of publishing is ~$0.47
• REN is a part of RenVM, an open protocol that provides access to inter-blockchain liquidity for dapps
• One of the most popular assets is renBTC, which is a Bitcoin (BTC) backed asset on Ethereum (ETH) i.e. tokenized BTC
• With over 10k Bitcoins tokenized, renBTC is the second most popular form of bitcoin on Ethereum, after Wrapped Bitcoin (wBTC)
• Total value locked in RenVM is roughly $153 million

Related Reading:

• Ren, Synthetix and Curve announce BTC yield farming pool
• Aave adds support for REN