New coins every month. Job burns take back a quarter.
RENDER pays GPU owners on the Render Network: 518.78M coins circulate, 97.2% of supply. New coins are minted every month, and paid jobs burn coins.
Sell pressure. 1.43M RENDER reached the market in 90 days: 180,000 from the monthly mint for node operators and 1.25M released from the Foundation's reserve. Nothing vests.
Buy pressure. Paid rendering and AI jobs burned 367,955 RENDER, about a quarter of the new coins.
Net. Net, supply grows about 0.20% in 90 days, and about the same next.
Every month the network mints 492,132 new RENDER under the yearly budget of 5.9M. It came on Jul 23, Aug 23 and Sep 23 2026. Of each mint, 60,000 goes straight to the vault that pays node operators, so it counts at once: 180,000 in 90 days. The other 432,132 goes to the Foundation's reserve and counts only when it leaves (row 3). Another 1.04M was minted to back RNDR that holders moved over from Ethereum and Polygon; those coins were already counted, so they add nothing.
RENDER has no vesting calendar left. The sale, team and escrow coins were released years ago, and no unlock is dated for the next 90 days. New supply now comes only from the monthly mint.
The Foundation's reserve of minted coins sits outside the float and now holds 3.00M. It released 1.0M on Aug 10 and 0.25M on Aug 27 2026, after 2.0M on Feb 26 and 2.0M on May 11, so about one release a quarter: we expect one more of about 1.25M by early Nov 2026. Other team wallets are already counted as circulating: a large partner vault with 81.90M (it sent out 5.07M in Apr–Jun 2026), the node-reward vault 0.84M and the treasury vault 24.7K. On the old Ethereum token, one wallet holds 14.76M that is not counted as circulating; it did not move.
No bankruptcy estate, trustee or long lock holds RENDER for release. RNDR that holders have not yet moved over from Ethereum (77.47M) is already counted as circulating, so moving it adds nothing.
Most customers pay in dollars, and the network uses that money to buy RENDER on the market and burn it at once. Those coins are counted once, in the job burn below, so this row stays at 0.
Every paid rendering or AI job burns RENDER. Read transaction by transaction on-chain, the rendering burn account destroyed 355,094 RENDER and the AI compute account 12,860 in these 90 days: 367,955 in all, about 4,088 a day. The burn ran faster in September and early October than in July.
The Foundation sells and spends RENDER to fund the network; nothing in this window shows it buying RENDER to hold. Coins it sends to the burn account are counted in the burn above.
RENDER has no staking or lock-up program, so nothing takes coins out of the float this way.
Two sides: how much people want RENDER right now, and how much buying could come later.
This part is based on social media. It shows how hot RENDER is right now. A better rank means more people are talking about it.
Today, people are talking about RENDER for two reasons:
On Oct 15 2026, Grayscale said its Decentralized AI Fund and two other funds are now offered on Republic, from $2,500, for accredited investors only. At its last update in August 2026, the AI fund held just a few coins, and RENDER was about a fifth of it. People ask if easier fund access means more steady buying of RENDER.
Around Oct 14 2026, the network's total frames rendered passed 82 million, and it now shows about 82.5 million. Each frame is a picture made by GPUs on the network, paid for with RENDER. People ask if this growing GPU work will turn into more RENDER burned.
Checked Oct 17 2026
Supply and demand point to a positive long-run signal for Render Network (Oct 18 2026, score 7/10). Render Network adds +0.20% new supply in 90 days, and demand reads strong (3.5/5). Render Network's price drivers: 0 ▲ price up, 0 ▼ price down.
Very little: about +0.21% new supply in the next 90 days, and +0.88% over a year (Oct 11 2026). The bigger thing to watch is OTOY's vault, which fell from 100M to about 82M RENDER since Sep 2024. Supply and demand still read positive for Render Network in the long run.
We would read Render Network differently if new supply jumps (today +0.20% in 90 days), or demand falls from strong. Until then Render Network's signal stays positive. Mark this date for Render Network: No date yet — Salad pays nodes RENDER.
Render Network scores 7/10 on our framework (Oct 18 2026): supply 3.5/5 (steady), demand 3.5/5. Over the next year Render Network's supply changes +0.82%. The long-run signal is positive.
Supply and demand favor Render Network most when little new supply is coming, demand is strong and the price drivers point up. Right now Render Network has +0.20% new supply in 90 days (steady), demand strong (3.5/5), drivers 0 ▲ / 0 ▼.
Render Network's price drivers today: 0 pointing up, 0 pointing down, out of 2. • OTOY RENDER pile: OTOY's vault fell from 100M to about 82M RENDER since Sep 2024. • AI compute push: Salad deal approved; its move onto RENDER has no set date.
Render Network: positive signal, 7/10 · Bitcoin: positive signal, 8.5/10 (Oct 18 2026). By supply and demand, Render Network reads weaker than Bitcoin today.
Every answer here applies basic economic theory — the law of supply and demand — to this coin's data. It is not financial advice. How we read every coin →
We look at two things, half each: supply and demand. Fewer new coins mean less selling pressure. A meme coin scores 1.5 at most on supply: its team got its coins for free, so no new supply does not make it safe. We also show each coin's age, with a warning when it is younger than 1 year. Demand looks at how much people want the coin now and how much buying could come later. Price Drivers (Beta) are the 2 or 3 things that can move one coin's price that supply and demand miss; they have no score. RENDER supply grows +0.20% in the next 90 days, so it shows in red: more RENDER reaches the market than is removed. Zero or falling supply is always green, any growth is red.
One email before each big supply event, and the day our verdict changes. Nothing else. You can watch 2 coins for free.
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