The digital asset ecosystem continues to evolve, and one of the most significant recent developments is the Render (RNDR) token rebrand to RENDER. As part of this transition, Crypto.com has officially supported the migration of RNDR tokens from the ERC-20 network to the Solana blockchain, where they are now reissued as RENDER in a 1:1 ratio.
This strategic shift reflects broader industry trends toward faster, more scalable blockchains like Solana—offering lower transaction fees and improved performance for decentralized applications. For users, understanding the implications of this rebrand and migration is essential to maintaining control over their assets and staying active in the evolving crypto landscape.
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What You Need to Know About the RNDR to RENDER Migration
As of August 2, 2024, Crypto.com has confirmed that the RNDR token migration is complete for all eligible users. If you held RNDR tokens in your Crypto Wallet (via the Crypto.com App) or your Spot Wallet (on the Crypto.com Exchange) prior to the delisting, your balance has been automatically converted into RENDER tokens on the Solana network.
The conversion occurred at a 1:1 ratio, meaning:
- 1 RNDR (ERC-20) = 1 RENDER (Solana)
- No value was lost during the transition
- All migrated tokens are now fully functional on Solana
You can now:
- Trade RENDER on both the Crypto.com App and Exchange
- Deposit RENDER via the Solana network
- Withdraw RENDER using Solana-compatible addresses
It’s important to note that ERC-20 RNDR tokens are no longer supported on Crypto.com platforms after July 22, 2024. Any deposits made to Crypto.com using the old ERC-20 RNDR tokens after this date may result in irreversible loss of funds, or at best, require a retrieval process involving fees.
Timeline and Key Dates for the Rebrand
Understanding the timeline helps ensure users avoid accidental mistakes during transitions:
July 16, 2024, 08:00 UTC: The RNDRUSD-PERP perpetual contract was delisted from the Crypto.com Exchange. Users were required to close any open positions before this time. Unsettled positions were automatically liquidated using a Time-Weighted Average Price (TWAP) mechanism.
⚠️ Note: Taker fees applied to all automatic settlements.
- July 22, 2024, 01:00 UTC: RNDR was delisted from the Crypto.com App
- July 22, 2024, 02:00 UTC: RNDR was delisted from the Crypto.com Exchange
After these times:
- Trading of RNDR ceased
- Deposit and withdrawal functions for ERC-20 RNDR were permanently disabled
- All remaining RNDR balances were queued for conversion to RENDER
A follow-up announcement was issued once RENDER was officially listed—enabling full trading and transfer capabilities on both platforms.
Why Did Render Migrate from Ethereum to Solana?
The decision by Render to move from Ethereum’s ERC-20 standard to Solana wasn't arbitrary. It aligns with growing demand for high-throughput, low-cost blockchain solutions—especially in sectors like decentralized GPU computing, AI rendering, and 3D content creation, which are core to Render’s ecosystem.
Key Advantages of Solana:
- Near-instant transactions: Average confirmation time under 1 second
- Low fees: Transactions cost fractions of a cent compared to Ethereum
- Scalability: Handles over 50,000 transactions per second
- Growing DeFi and NFT ecosystem: Strong developer support and integration
For users, this means faster trades, cheaper transfers, and better integration with dApps across the Solana ecosystem.
Moreover, migrating to Solana positions RENDER as a more competitive player in the GPU rendering market, where real-time processing and efficiency are paramount.
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How This Affects You: User Actions and Implications
If you're a Crypto.com user who held RNDR before the migration, here’s what happened automatically:
| Action | Status |
|---|---|
| Balance Snapshot | Taken pre-migration based on holdings in eligible wallets |
| Token Conversion | Completed at 1:1 (RNDR → RENDER) |
| Network Shift | From ERC-20 to Solana |
| Functionality | Full trade, deposit, and withdrawal support restored for RENDER |
However, if you attempted to deposit ERC-20 RNDR after delisting:
- Funds may be unrecoverable
- Recovery attempts could incur administrative or retrieval fees
- Support teams may not assist with misplaced deposits post-deadline
Additionally:
- Recurring Buy plans for RNDR were terminated
- Target Price orders were canceled
- Open spot orders on Exchange were closed out
To stay updated on platform changes, always refer to the official status page: status.crypto.com
Frequently Asked Questions (FAQ)
Q: Did I lose my RNDR tokens after the rebrand?
A: No. All eligible RNDR balances were converted to RENDER at a 1:1 ratio. Your holdings remain intact—just on a new network.
Q: Can I still use my old ERC-20 wallet to send RNDR to Crypto.com?
A: No. Depositing ERC-20 RNDR after July 22, 2024, risks permanent loss. Only RENDER on Solana is supported now.
Q: Is RENDER different in value than RNDR?
A: The tokens have identical market value post-migration. The change is technical (network and branding), not economic.
Q: Why did the perpetual contract get delisted earlier?
A: Derivatives markets often close before spot markets to allow traders time to exit leveraged positions safely.
Q: Can I withdraw RENDER to any Solana wallet?
A: Yes—provided it supports SPL tokens (Solana’s token standard). Ensure your receiving address is correct.
Q: Will there be future migrations for RENDER?
A: There are no current plans. Solana is expected to remain the primary network for RENDER going forward.
Final Thoughts: Staying Ahead in a Dynamic Market
Blockchain upgrades and token migrations are becoming increasingly common as projects optimize for speed, cost, and usability. The shift from RNDR to RENDER on Solana exemplifies how crypto ecosystems adapt to user needs and technological advancements.
For investors and creators alike, staying informed about such transitions ensures seamless access to assets and minimizes risk. Always monitor official announcements from exchanges and projects—and never assume old deposit addresses remain valid after major updates.
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Core Keywords:
- Render token rebrand
- RNDR to RENDER migration
- Solana blockchain
- ERC-20 to Solana
- Crypto.com token update
- RENDER trading
- Token conversion
- Blockchain migration
By understanding these shifts—and leveraging secure, updated platforms—you position yourself at the forefront of innovation in decentralized computing and digital asset management.