Crypto Exchange Coinbase Puts Solana-Based Altcoin on Listing Roadmap

Crypto Exchange Coinbase Puts Solana-Based Altcoin on Listing Roadmap

Spread the love

Top US crypto exchange Coinbase is listing another Solana-based (SOL) altcoin as the Ethereum (ETH) rival’s ecosystem heats up.

In a new announcement, Coinbase says it is adding Render (RNDR) to its “listing roadmap,” which alerts customers that the exchange could soon add support for certain assets.

Render is an image-synthesizing ecosystem consisting of distributed Graphics Processing Unit (GPU) computers.

Says Render,

“The network allows for a model that improves render speed for artists while reducing costs and increasing scale. It improves capital efficiency by utilizing idle GPU compute capability, and rewarding GPU providers for their service. It also creates the opportunity for open access to a growing suite of render and render-related software providers.”

Coinbase created its listing roadmap in 2022 as a means of increasing transparency and reducing the possibility of investors front-running new trading support announcements.

RNDR is trading for $4.55 at time of writing, up more than 17% in the past seven days.

Last year, Render migrated from the Ethereum (ETH) ecosystem to Solana.

Jules Urbach, the founder of the Render Network, said at the time,

“Moving Render’s core infrastructure to Solana is a watershed moment that unlocks major new capabilities like real-time streaming and dynamic NFTs (non-fungible tokens). Solana’s incredible transaction speeds, low costs, and commitment to web-scale architecture make it a perfect fit for the Render Network as we continue building a scalable and decentralized metaverse infrastructure.”

Check Latest News Headlines

&nbsp

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/Professional Bat/Tun_Thanakorn

Related News

analyst-says-solana-based-altcoin-primed-to-hit-new-all-time-high,-maps-path-forward-for-shiba-inu
analyst-says-ethereum-rival-could-skyrocket-by-over-130%,-updates-outlook-on-dogecoin-and-solana
analyst-warns-crypto-traders-to-proceed-with-caution-as-bitcoin-whales-take-profits