Crypto Exchange Coinbase Puts Solana-Based Altcoin on Listing Roadmap

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.”

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Featured Image: Shutterstock/Professional Bat/Tun_Thanakorn