How Render token supply works: burns, mints and unlocks
Render's token supply has a maximum cap, but burning and minting change the live total. Check the official Solana mint address on a block explorer.
Vahe HakobyanEditor-in-chief
Updated Oct 6, 20263 min readFact-checked
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RENDER pays for work on the Render network, where people rent out graphics cards to render images and video. Its supply is easiest to follow as three numbers: the cap, the tokens that exist, and the tokens free to trade.
What you need before you start
Render's token has a maximum supply cap, set at launch, and the cap is not the total supply. Total supply is the number of tokens that exist now, which can sit below the cap. Circulating supply leaves out tokens that are locked, unvested, or held in reserve. To read these numbers, take the official RENDER mint address and open it in a Solana block explorer.
How to trace Render token supply
In 2023 the project began moving its token off Ethereum, where it was called RNDR, onto Solana as RENDER. The migration links the two supplies, so the old name and the new one are not two separate pools. Users burn RENDER to pay for rendering work, and node operators receive newly minted RENDER for their computing power.
- 1Find the official addressUse the project's own docs or site, not an address from an ad or a reply.
- 2Open a Solana explorerPaste the mint address into the search bar of an explorer that supports Solana tokens.
- 3Read the mint accountThe supply field shows the tokens the token program records for that mint.
- 4Check burn and mint entriesFilter the history; a burn lowers the supply figure and a mint raises it.
- 5Read the migration notesSee how RNDR on Ethereum was swapped for RENDER on Solana.
What to do after you check
Token unlocks and vesting increase circulating supply without raising the maximum cap. The cap limits how many tokens can ever exist, while the unlock schedule decides how many can trade. Compare the project's schedule with the circulating figure you found.
Frequently asked questions
Total supply counts every token in existence. Circulating supply leaves out locked, unvested, and reserved tokens, and market data sites usually use that smaller figure.
The cap stops minting past it, but new tokens can still be minted below the cap, so the live count can rise even while burns are happening.
Solana explorers label token program instructions, so you can filter the RENDER mint's history for burn and mint entries. The supply field updates as those transactions confirm.
RNDR was the Ethereum version of the token, and holders converted it to RENDER on Solana during the migration. The swap moved tokens between chains rather than adding new ones.
