REN Price Skyrockets As it Crosses Over 10K Bitcoins to Ethereum

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

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