Render Network · RENDER
Decentralized GPU rendering and AI compute, on Solana
Real GPU work and a token you genuinely have to burn to use it — but the mint runs about eight times the burn, and paying with a spent credit is an old pattern rather than a new one.
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RENDER · the mint still outruns the burn.
RENDER is the payment and reward token of Render Network, a decentralized GPU rendering and AI-compute network on Solana — ~518.8M circulating against a hard cap of 644.2M, run on a burn-and-mint balance: coins are burned to pay for jobs, and new coins are minted to reward the operators who run them.
Sell pressure. A capped, declining emission mints about 1.46M RENDER over 90 days, arriving in monthly tranches of roughly 492K.
Buy pressure. Job payments are burned on completion, removing about 0.17M RENDER over the same window — real usage, but roughly one coin burned for every eight minted.
Net. About +0.25% to market over 90 days — mildly inflationary, and it only turns the other way if job demand grows several times over before the next emission step-down in Dec 2026.
- August emission tranche~492K RENDEREarly Aug 2026 · added to market
- September emission tranche~492K RENDEREarly Sep 2026 · added to market
- October emission tranche~492K RENDEREarly Oct 2026 · added to market
- Third subnet burn scales inburn sideQ3 2026 · removed from market
New RENDER is minted against a capped, declining yearly budget of 5.9M, released in monthly tranches of about 492K. Two tranches landed on-chain inside this window, at 490.5K and 488.6K, each arriving whole. The budget funds node rewards, artist and AI grants, and foundation operations. The next step down in the cap is set for Dec 2026.
The remaining non-circulating balance is released only through the scheduled emission counted in the row above. No separate dated cliff falls inside this window.
Three tracked pools sit behind the emission: a network treasury of about 4.91M held for node rewards and grants, a foundation operating treasury of about 1.98M, and a wider non-circulating balance of about 14.8M outside the float. None showed a dated release in this window.
No bankruptcy estate and no trustee-run distribution pool exist for RENDER, so nothing sits behind a court schedule.
The protocol buys nothing back. Demand reaches the token through job payments only — there is no treasury bid and no buyback contract.
Jobs are quoted in fiat, converted to RENDER at payment, and burned on completion. The strongest month inside this window burned about 63.3K across roughly 4,069 job payments, up 22% on the month before — real demand, growing, and still a fraction of the mint. A newly approved third subnet adds a further burn of 4% of revenue above node rewards as it scales.
The foundation has not bid for RENDER on the open market. Its balance comes from the emission, not from purchase.
There is no staking contract and no lockup programme, so no float is being taken off the market and held.
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