Protocol Village: Render Moving to Solana From Ethereum, Allocates $2.6M to Cover Fees

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Protocol Village: Render Moving to Solana From Ethereum, Allocates $2.6M to Cover Fees
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Bradley Keoun is the managing editor of CoinDesk's Tech & Protocols team. He owns less than $1,000 each of several cryptocurrencies.

, becoming one of the chain's largest projects, according to the team."Render has allocated 1.14M RNDR, which equates to $2.6 million at current token prices, in grants to subsidize user fees during the upgrade and is leveraging Wormhole to facilitate the transfer of assets between chains. This move allows Render to take advantage of Solana's higher throughput and lower transaction cost for their decentralized global network of GPUs.

, has enabled on-demand non-custodial staking-as-a-service for institutions, according to the team:"The company’s technology will be dramatically improving the speed, cost, and reliability of Ethereum validators through UI and API-based deployments, automatic rewards management and SOC2 compliance.", a privacy infrastructure project backed by Binance Labs and the venture capital firm Andreessen Horowitz , said its"decentralized VPN" called.

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