Render Network’s token, RENDER, has surged by 16% in the past 24 hours, propelling its market capitalization to a staggering $2 billion—up from $1.7 billion just the day before. This spike follows the announcement of the highly anticipated launch of Render’s GenAI tool, set to roll out on April 15.
The network, which operates a decentralized peer-to-peer (P2P) system of connected GPUs to facilitate digital rendering, is seeing an influx of attention ahead of the release of its new tool.
RenderCon, a key event in the crypto and AI space, is driving the buzz surrounding RENDER’s recent price hike, as the network prepares to unveil new features that could significantly enhance its ecosystem.
The GenAI tool update is seen as a pivotal moment for Render, introducing a fresh user interface (UI) and an optimized workflow to make it easier for developers and creators to access the network’s GPU resources. The tool will integrate powerful new AI models, allowing for capabilities such as direct image-to-video conversion, image-to-image generation, and more advanced rendering features, all packaged with the release of Ray 2.
Jules Urbach, the founder of Render Network, spoke about the broader impact of this technological evolution:
“We are at a pivotal moment in the time of art, media, AI, information provenance, and exa-scale computing. These are all on the verge of absolutely massive sea changes that are already affecting society at large this year. Render’s mission has been to build a system where humans have means, tools, and power to thrive economically as creators and contributors.”
Render’s decentralized platform allows users to rent out idle GPU power, enabling a new way to access computational resources for digital rendering. With the growing demand for high-performance computing across industries, Render’s platform is positioned to be a crucial player in this space.
Cathie Wood, renowned investor and founder of ARK Invest, highlighted the potential of Render during the Digital Asset Summit 2025. She pointed out that Render is revolutionizing the computing landscape by enabling both the physical and digital worlds to merge through its distributed network. Wood emphasized the broader implications of these innovations, noting how the platform could contribute to the development of a more interconnected and efficient global economy.
The excitement around the GenAI tool and Render’s future developments is expected to build momentum at the upcoming RenderCon event, where the company will showcase its new capabilities.
As the world moves toward exa-scale computing, Render is strategically positioning itself at the intersection of AI, blockchain, and GPU-powered rendering, offering an unprecedented level of scalability and accessibility for users.
With its upcoming releases and continued growth, Render is poised to remain at the forefront of the digital rendering revolution. The company’s evolving technology and its commitment to empowering creators with advanced tools are just a few reasons why investors and industry leaders are taking notice of Render’s soaring potential.