The Ren token's 18% surge seems to reflect rising interest in the protocol, which allows users to move digital assets from one blockchain to another, generating cross-chain liquidity. LedesmaLyllah reports
that it would shift from Ren 1.0 to a more efficient, secure Ren 2.0 version several weeks earlier than expected. It also said that minting through Ren 1.0 had been disabled and that Ren 2.0 would be deployed via testnet.a vote to mint 200 million tokens to fund its transition and growth to Ren 2.0.
“an Ethereum-based plugin for Darknode that allows arbitrary programs to be deployed on top of the Ren blockchain,” according to the company’s blog post. “This will mean that Ren will not only support minting and releasing assets between blockchains but also smart contracts that can power any kind of application, cross-chain specialized or not.”
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