Latest Updates (2025)
The ezETH token has experienced significant price fluctuations since its launch. As of 2025, ezETH trades at $1,562.57 USD** with a 24-hour trading volume of **$1,210,399 USD. Its market capitalization stands at $462,847,132 USD, with a circulating supply of 296,208 ezETH tokens.
Recent Price Performance
ezETH has shown notable volatility in recent months:
- Current Price: $1,562.57
- 24h Change: -3.27%
- 24h Price Range: $1,562.57 (low) to $1,667.79 (high)
- All-Time High (ATH): $4,179.53 (December 2024)
- All-Time Low (ATL): $1,506.85 (April 2025)
- Recovery from ATL: +3.7%
Key Market Events
On April 24, 2024, the protocol experienced a depegging event where ezETH temporarily dropped to $688 on Uniswap**. This occurred after the completion of Renzo’s first Season airdrop, triggering sell pressure. One trader capitalized on the arbitrage opportunity, earning **121.65 ETH (≈$400,000).
Renzo’s Market Position
Renzo has emerged as the second-largest liquid restaking protocol with impressive metrics:
| Metric | Value |
|---|---|
| Total Value Locked (TVL) | $462M+ |
| Circulating Supply | 296,208 ezETH |
| Dominance in LRTs | Top 2 |
REZ Token Overview
Renzo’s governance token, REZ, has the following distribution:
- Total Supply: 10 billion tokens
- Initial Circulating Supply: 1.15 billion (11.5%)
- Airdrop Allocation: 10% of total supply
👉 Discover how REZ compares to other governance tokens
What is Renzo Protocol?
Renzo Protocol is the primary interface for interacting with EigenLayer’s ecosystem. It functions as a Liquid Restaking Token (LRT) manager for EigenLayer, abstracting the complexities of Ethereum staking while offering higher yields than traditional ETH staking.
Core Components:
- EigenLayer Integration: Leverages Ethereum’s security for restaking.
- AVS (Actively Validated Services): Decentralized modules securing apps built on EigenLayer.
- Node Operators: Validate transactions and maintain network security.
- ezETH: Liquid token representing restaked ETH, enabling DeFi participation.
Key Features of Renzo Protocol
1. Liquid Restaking
Users deposit ETH to mint ezETH, which accrues rewards from:
- Ethereum staking
- EigenLayer AVS rewards
- Cross-chain restaking
2. Cross-Chain Restaking
Partnering with Connext, Renzo enables restaking on L2 networks using wrapped ETH (wETH), reducing gas costs and expanding utility.
3. Pendle Integration
Renzo collaborates with Pendle Finance to offer yield-optimized strategies for ezETH holders.
Is ezETH a Good Investment?
Pros:
✅ Higher yields than traditional ETH staking.
✅ Liquidity via ezETH for DeFi activities.
✅ Cross-chain flexibility.
Cons:
❌ No direct transfers of ezETH (reduces liquidity).
❌ 7-day withdrawal period for unstaking.
Risks:
⚠️ Smart contract vulnerabilities.
⚠️ Market volatility impacting ETH price.
👉 Explore ezETH trading strategies
Competitive Landscape
| Protocol | Focus | Key Differentiator |
|---|---|---|
| Renzo | Multi-chain restaking | ezETH liquidity |
| Puffer Finance | Validator growth | No 32 ETH requirement |
How to Own ezETH
- Set Up a Wallet: Use Gate.io Web3 Wallet (no KYC).
- Stake ETH: Deposit ETH on Renzo to mint ezETH.
- Use ezETH: Participate in DeFi or cross-chain restaking.
FAQs
Q: How does Renzo differ from Lido?
A: Renzo focuses on restaking via EigenLayer, while Lido offers vanilla ETH staking.
Q: What happens if EigenLayer fails?
A: Renzo’s smart contracts are designed to mitigate risks, but users may face slashing penalties.
Q: Can I trade ezETH?
A: Yes—ezETH is tradable on major DEXs and centralized exchanges.
Final Word: Renzo Protocol bridges Ethereum staking with EigenLayer’s innovative restaking model, offering enhanced yields and cross-chain utility. While risks exist, its strategic partnerships and growing TVL position it as a leader in liquid restaking.