Token · REZ · Rank #559
Renzo (REZ): Uses, Supply and Risks
REZ is Renzo’s governance token, linked to a liquid restaking ecosystem. Learn its role, supply, supported networks and risks.
Market data
REZ market data
- Market cap
- $36.1M
- Rank #559
- Fully diluted value
- $38.3M
- Volume (24h)
- $4.45M
- Change 7d / 30d
- −6.2% / +0.2%
- Change 1y
- −47.8%
- Circulating supply
- 9.27B
- Total / max supply
- 9.81B / 10B
- All-time high
- $0.2782
- Apr 30, 2024
- All-time low
- $0.002302
- Jul 20, 2026
## What Renzo and REZ are
What Renzo and REZ are
Renzo is a liquid restaking protocol associated with EigenLayer. It offers vault, staking and enterprise products for people seeking restaking exposure across multiple chains. Liquid restaking generally lets users receive a token representing a position while the underlying assets are committed to staking or restaking strategies; the terms and risks depend on the specific product.
REZ is the protocol’s token. It is not the same as an asset deposited into a Renzo vault, and owning REZ does not by itself mean you hold staked ETH or earn restaking yield. Public information describes REZ as a governance token, intended to let token holders participate in decisions about the protocol. That role should not be confused with ownership of Renzo, a guaranteed share of revenue, or a promise of returns.
## What REZ is used for
What REZ is used for
REZ’s stated purpose is governance: eligible holders may be able to take part in proposals and votes concerning the protocol. The exact voting process, eligibility rules and scope of decisions can change, so check Renzo’s current governance materials before relying on a particular right.
REZ is not itself a yield-bearing token. Any returns associated with a Renzo staking or restaking product depend on that product’s design and underlying strategy, not simply on holding REZ. Restaking can involve validator performance, slashing and changes in rewards, among other risks. Do not assume that REZ provides access to every Renzo product or that a token balance automatically grants governance power; the protocol may set requirements for participation. Consider the token’s governance function separately from the risks and potential returns of using Renzo’s other products.
## Supply and market information
Supply and market information
As of 2026-11-05, REZ had about 9.27 billion tokens circulating out of roughly 9.81 billion total, with a stated maximum supply of 10 billion. Circulating and total supply can change as tokens are released, moved or reclassified, so treat these figures as a dated snapshot rather than a permanent count.
On that date, REZ traded at about $0.0038, with a market capitalization of about $35.1 million and a fully diluted valuation of about $37.2 million. These are approximate values and can move quickly; they are not a measure of future performance. The token’s recorded all-time high was about $0.2782 on 2024-04-30, while its recorded all-time low was about $0.0023 on 2026-07-20. Historical prices do not predict what REZ will do next.
## Networks and token availability
Networks and token availability
REZ is issued on Ethereum, Solana and Base. It is not identified as the native token of any of those networks; each network has its own native assets and transaction-fee system. A token appearing on multiple networks may use different contract addresses or representations, so check the network and token details before transferring or interacting with it.
Renzo’s restaking products and REZ token availability are separate questions. The protocol is described as offering products across 13 chains, but that does not mean every product or REZ representation is available on every chain. Confirm that the wallet, exchange or application you use supports the specific network you intend to use. Sending tokens to an incompatible address or choosing the wrong network can result in loss of access, and recovery may not be possible.
## Risks and storage
Risks and storage
REZ holders face crypto-market volatility, liquidity risk and the possibility that governance decisions or protocol adoption change over time. Renzo’s restaking products carry additional risks, which can include smart-contract vulnerabilities, validator or operator failures, slashing, changing rewards and the value of liquid restaking tokens moving away from the assets they represent. These product risks are not the same as REZ’s token risks, but they can affect the wider ecosystem.
You can hold REZ in a compatible self-custody wallet or with a service that supports it. With self-custody, protect your recovery phrase offline and never share it; a lost phrase or mistaken transfer may be irreversible. Check the network and token contract details through a trusted source before receiving or sending REZ, and consider a small test transfer when appropriate. Custodial services introduce their own risks, including account access restrictions and the provider’s security and solvency.
By the numbers
Renzo in numbers
Renzo (REZ) is ranked #559 by market capitalisation, with a market cap of about $36.1M and a price of $0.003900 as of Nov 7, 2026. Its fully diluted valuation is $38.3M, so roughly 94% of the eventual supply is in circulation today; tokens still to be released could add selling pressure.
The price was down 6.2% over 7 days, up 0.2% over 30 days, down 47.8% over the past year. It trades about 99% below its all-time high of $0.2782, set on Apr 30, 2024.
About 9.27B REZ are in circulation out of a maximum supply of 10B (93% issued).
24-hour trading volume was about $4.45M, or 12% of its market cap: high turnover.
REZ has token contracts on 3 chains we track, including Ethereum, Solana, Base. Always check the contract address before buying or bridging: copycat tokens often reuse a well-known name and ticker.
REZ is linked to Renzo, which we cover in our Liquid Restaking rankings. See our Renzo page for how the protocol works and how we score it.
CoinGecko groups REZ under DeFi tokens.
Where it runs
REZ chains and contract addresses
Contract addresses as listed by CoinGecko. Verify them on the project's own channels before sending funds.
Similar tokens
DeFi tokens near REZ in market cap
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ETHGas#543 · $0.0184 · −15.2% 7d
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LAB#574 · $0.0450 · +3.1% 7d
Elexium#581 · $3.86 · 0.0% 7d
REZ FAQs
What is Renzo (REZ)?
REZ is Renzo’s governance token. It is associated with protocol decision-making, rather than representing a deposit of ETH or a yield-bearing restaking position.
What is REZ used for?
Public information describes REZ as a governance token. Holding it does not by itself guarantee voting rights, protocol income or yield; participation depends on Renzo’s current governance rules.
What is the supply of REZ?
As of 2026-11-05, about 9.27 billion REZ were circulating, against a stated maximum supply of 10 billion. Supply figures can change over time.
Which networks support REZ?
REZ is issued on Ethereum, Solana and Base. Check that your wallet or exchange supports the specific network and token representation before transferring it.
Does holding REZ earn restaking yield?
No. REZ is a governance token, not a liquid restaking receipt. Any yield from Renzo products depends on the particular product and its underlying strategy, with associated risks.
What is the market cap of Renzo?
As of Nov 7, 2026, Renzo had a market cap of about $36.1M, ranking #559 among cryptocurrencies by market capitalisation. Market cap is price multiplied by circulating supply, so it moves with the price.
What is the all-time high of REZ?
Renzo's all-time high is $0.2782, reached on Apr 30, 2024. Its all-time low is $0.002302 (Jul 20, 2026). Past prices say nothing about future returns.
What is the circulating supply of REZ?
As of Nov 7, 2026, about 9.27B REZ were in circulation, against a maximum supply of 10B.
Which blockchains is REZ on?
It has token contracts on Ethereum, Solana, Base.