3 reasons why REN price is up 340% from its July swing low By Cointelegraph

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3 reasons why REN price is up 340% from its July swing low

Interoperability has become one of the driving themes within the crypto market and as the blockchain ecosystem evolves into an interconnected web of layer-one protocols, the importance of communication and efficiency among decentralized applications (dApps) will also increase.

Ren (REN), a blockchain protocol designed to provide interoperability and liquidity between different blockchain platforms, has started gaining traction over the past month and a half as activity in the decentralized finance (DeFi) sector has been on the rise.

REN/USDT 1-day chart. Source: TradingView
Total network volume and total value locked on Ren. Source: Ren Project
VORTECS™ Score (green) vs. REN price. Source: Cointelegraph Markets Pro