Ren Protocol (REN) Crypto News Today

REN stands out among a sea of red altcoins after the launch of Catalog and a pivot toward Polygon blockchain result in a 65% rally.

Nonetheless, the long-term technical setup and strengthening protocol metrics indicate bullish continuation.

REN, CELR and CVC ignore the market’s bearish reaction to China’s new crypto ban by posting double-digit gains.

A cross-chain bridge to Arbitrum, protocol upgrades and a steady surge in network activity back REN’s 340% rebound off its July 20 swing low.

Bitcoin’s surge above $48,000 catalyzed a strong move from REN, KEEP and FRONT.

The integrations could bring new assets to popular DeFi platforms amid a market-wide pullback.

Ren continues to gain momentum as the addition of new tokens and the protocol’s focus on DeFi and interoperability leads to an uptick in trading volume.

Projects facilitating cross-chain integration with the Polkadot ecosystem have rallied to new highs while the Ethereum network continues to struggle with high fees.

REN price spiked to a new all-time high shortly after its recent integration with Binance Smart Chain.

Lucrative DeFi investing opportunities and increasing participation from institutional investors are driving the amount of Bitcoin and Ethereum held on exchanges to new lows.

The DeFi boom and search for projects offering interoperability recently sent Ren’s price and total value locked to new all-time highs.

Almost 100,000 Bitcoin are now tokenized on Ethereum, more than half of which have migrated over the past 30 days

With more than half a billion dollars worth BTC already tokenized, Messari believes that projects bringing Bitcoin to DeFi will emerge as leaders of the crypto sector.

DeFi token Ren surges as tokenized BTC grows in popularity.

DeFi tokens like LEND — the price of which has increased by 3900% since 2019 — rallied further this week, some to new all-time highs.