Render (RNDR) Tokenomics, Unlock Schedule and Vesting Chart

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Render (RNDR) Token Unlock & Vesting Schedule

As of October 16, 2026, 538.19 million of the 644.25 million RNDR (83.54%) have been released. The schedule is ongoing, with no final release date. Over the next 12 months it releases 84,878 RNDR (all estimated) from Burn-and-Mint Equilibrium Emissions, worth about $0.17 million at today's price (0.02% of the market cap). Today's release is an estimated 243 RNDR from Burn-and-Mint Equilibrium Emissions.

The chart shows gross modeled releases of every allocation: vesting unlocks, new issuance and reserve distributions, each allocation counted once. These have different meanings; a scheduled release is not evidence that tokens entered circulation or were sold. Review the coverage, sources and assumptions below.

Each color segment in the chart corresponds to a specific allocation group described in the Allocations section below. Underlying assumptions and data models used to reconstruct this schedule are explained in detail under Assumptions, while broader utility insights and token use cases are covered in Tokenomics & Utility.

Tokenomics & Utility

Payments, burns, and rewards

RENDER’s main role is to link demand for GPU work with rewards for supplying it. Under Render’s burn-and-mint equilibrium, or BME, a creator’s payment for network work leads to RENDER being burned. Burning permanently removes those tokens from supply. The system uses work credits for jobs, with the amount of RENDER needed tied to the job’s value. Creators can also pay through supported fiat payment routes; net receipts from completed jobs are used to obtain and burn RENDER. (know.rendernetwork.com)

Node operators receive RENDER from a separate schedule of network emissions. Rewards account for completed work and, under applicable network rules, making computing power available. Burns therefore reflect use of the service, while emissions support the people and infrastructure providing it. The two amounts need not match in any given period. Network fees and approved allocations also fund operations, grants, and development. (know.rendernetwork.com)

Render’s token plan has changed through community proposals. The original RNDR supply framework belongs to the project’s Ethereum history; the Solana-era model includes scheduled emissions governed by later proposals. For the third BME year, running from December 20, 2025, through December 19, 2026, an approved proposal set out allocations for artist and AI grants, node rewards, and operations. RENDER holders can take part in votes on network proposals through the project’s governance process. (know.rendernetwork.com)

Upcoming RNDR Releases

Period	Allocation	Type	Amount	Value	% of supply
Oct 16 – 31, 2026	Burn-and-Mint Equilibrium Emissions	Issuance, estimated	3.9K	$7.6K	0.00%
Nov 2026	Burn-and-Mint Equilibrium Emissions	Issuance, estimated	7.3K	$14.3K	0.00%
Dec 2026	Burn-and-Mint Equilibrium Emissions	Issuance, estimated	7.5K	$14.7K	0.00%
Jan 2027	Burn-and-Mint Equilibrium Emissions	Issuance, estimated	7.5K	$14.7K	0.00%
Feb 2027	Burn-and-Mint Equilibrium Emissions	Issuance, estimated	6.8K	$13.3K	0.00%
Mar 2027	Burn-and-Mint Equilibrium Emissions	Issuance, estimated	7.5K	$14.7K	0.00%
Total, next 12 months			84.9K	$166.3K	0.01%

1–6 of 12 releases

of 2 pages

Values at $1.96 per RNDR (October 16, 2026), today's price, not a forecast. Releases continue after September 2027. Estimated amounts are modeled from the schedule's rules rather than dated by a source; see the Assumptions below. Releases without dates are listed under Allocations.

Assumptions

Render began with a documented legacy RNDR supply and later approved an additional, capped budget for its burn-and-mint system. Governance documents give annual emissions budgets and named uses for rewards, grants and operations, but those budgets do not establish that every token was minted or paid on a monthly schedule. The chart can anchor the reported legacy supply and show an explicitly estimated interpolation of later changes in outstanding supply; most recipient-payment dates and the gross amounts minted and burned remain unresolved. Subprogram budgets are shown within their parent budgets, not as extra supply.

Public and Private Token Sales: The sources give the amount but no release dates.
RNDR Reserve: Releases depend on future governance or treasury decisions.
Legacy Escrow for Network Supply and Demand: New issuance depends on network activity, such as staking, so it cannot be dated in advance.
Burn-and-Mint Equilibrium Emissions: New issuance depends on network activity, such as staking, so it cannot be dated in advance.
BME Year 1 Emissions Budget: The original schedule was changed and the new timing is not yet published.
BME Year 2 Emissions Budget: Releases depend on future governance or treasury decisions.
BME Year 3 Emissions Budget: Releases depend on future governance or treasury decisions.
Year 3 Artist and AI Grants: Releases depend on recipients claiming tokens or on grants being awarded.
Year 3 Rendering and Compute Node Rewards: New issuance depends on network activity, such as staking, so it cannot be dated in advance.
Year 3 Foundation Operations, Research and Growth: Releases depend on future governance or treasury decisions.
Year 1 Community Upgrade-Points Rewards: The sources give the amount but no release dates.
Year 1 Compute Client Rewards Pool: Releases depend on recipients claiming tokens or on grants being awarded.
Year 1 Reallocated Data-Generation Rewards: Releases depend on future governance or treasury decisions.
Proposed Salad Integration Token-Purchase Warrant: Releases depend on recipients claiming tokens or on grants being awarded.

Sources (15)

Max Supply 644.25M

Unlocked Supply 538.19M

Unlock Progress 83.54%

Genesis Date October 2017

Fully Unlocked Ongoing

Allocations 15

Marketcap Rank (#) 78

Price ($) 1.90 +2.31% (7d)

24h Volume ($) 3.8M -33.43% (7d)

Marketcap ($) 1B

Fully Diluted Value ($) 1.2B

Circulating Supply 81% HIGH

Perpetuals: 3 markets on Binance, OKX and Hyperliquid · $19.3M open interest

Spot

Perp


RNDR/USDT	6.6M	341K/435K
RNDR/USD	2.6M	276K/412K
RNDR/USD	1.7M	176K/250K
RNDR/USDT	1.7M	232K/274K
RNDR/USDT	1.5M	239K/248K
RNDR/USDT	1.4M	397K/277K
RNDR/TRY	1.2M	38K/33K
RNDR/USDC	712K	70K/61K
RNDR/USDT	530K	25K/33K
RNDR/USDT	506K	302K/324K
RNDR/EUR	392K	54K/125K
RNDR/USDC	305K	141K/150K
RNDR/USDT	265K	90K/140K
RNDR/USDC	124K	13K/23K
RNDR/USDC	101K	2K/2.6K
RNDR/BTC	81K	13K/25K
RNDR/USDC	58K	73K/100K
RNDR/EUR	35K	159K/160K
RNDR/WETH	34K	6K/6K
RNDR/EUR	23K	3.4K/3.2K
RNDR/WETH	21K	8.2K/8.1K
RNDR/USDC	21K	728/726
RNDR/USDT	18K	1.1K/1.8K
RNDR/BRL	13K	1.8K/1.3K

Allocations

Legacy RNDR Supply

536,870,912 tokens · 3 parts

Cliff: Jun 26, 2020 — 100.00% of allocation · 536,870,912 tokens

Sources: RNDR — Token Metrics Deep Dive

Burn-and-Mint Equilibrium Emissions

107,374,182 tokens · 3 parts

Timing not yet established (Dec 20, 2023 - Sep 3, 2024): amount unknown

Observed release: 1,316,760 tokens

Timing not yet established (Sep 30, 2026 - open): amount unknown

Estimated from the last observation onward: about 243 per day (7,381 per month), the rate between the observations of 16 May 2026 and 29 September 2026.

Sources: RNP-001: Burn-and-Mint EquilibriumRender Network Foundation Distributes RENDER Upgrade, Compute Client and BME RewardsFrequently Asked QuestionsRNP-023: Proposal for the Salad Network to Migrate to RENDER

Proposed Salad Integration Token-Purchase Warrant

1,000,000 tokens

Timing not yet established: 1,000,000 tokens

Sources: RNP-023: Proposal for the Salad Network to Migrate to RENDER

Last Updated: 2026-09-29 17:42:45 UTC

Description

#78

Render is a decentralized GPU rendering network that uses the Ethereum blockchain to connect artists and studios with GPU providers. Render allows users to create and access high-quality graphics and 3D content with lower costs and higher efficiency.

Sector:	AI & Compute
Blockchain:	Ethereum

2020

DePIN