REZ Crypto Soars 70% in 48 Hours: What Is Renzo? What’s Driving Its Surge?
REZ crypto asset experienced a remarkable 70% increase over two days, building on gains from mid-July. Renzo is entering the EigenLayer space, transforming the available volume restaking landscape on ETH and Solana.
The cumulative crypto asset trading market value is consistently nearing the $4 trillion threshold, with Bitcoin continuing to hold the largest share at 61%. This robust market fluidity results in slower price movements, yet Bitcoin has seen significant gains this past week. As BTC rises, several promising altcoins have emerged.
REZ Crypto Rises 70% Within 2 Days
In the last 24 hours, Renzo has been a standout, increasing by 10%, which brings its two-day total to almost 70%.
Currently, the crypto token is exhibiting a optimistic breakout pattern, having clearly surpassed its June 2025 peaks and is on the path to $0.020, aiming for Q2 2025 highs.
Investors are in a strong position, potentially propelling crypto into the ranks of the next cryptocurrencies to surge. Although there was a pullback yesterday, which reversed some gains, trading volume is increasing, enhancing the momentum from July 15. This move upward also confirms the gains experienced from July 8 to July 11, when REZ crypto surged by 122% before its retracement.
Despite House Speaker Mike Johnson cancelling yesterday’s remaining votes on the floor due to dissent from some Republican members, there remains significant optimism that the GENIUS Act will ultimately pass.
Congress has voted to permit debate regarding the specifics of the bill, with Donald Trump posting on TruthSocial that he was in the Oval Office with 11 out of the 12 Congressional members required to pass the act.
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What Is Renzo?
The advancement of the GENIUS and CLARITY Acts would be groundbreaking for ETH, where the Renzo network is critical in safeguarding the mainnet.
Renzo operates as a liquid restaking network for Ethereum and Solana.
It streamlines, enhances flexibility, and improves the interoperability and rewards associated with ETH and SOL locking tokens on their respective mainnets.
The protocol makes use of EigenLayer, allowing users to stake ETH or liquid locking tokens tokens such as stETH in exchange for a liquid restaking token (LRT).
The LRT signifies a portion of staked assets and automatically compounds the rewards from locking tokens and restaking.
Importantly, the token is tradable, letting users participate in DeFi operations while earning returns from both ETH or Solana mainnets and EigenLayer’s Actively Validated Services (AVS).
Renzo further supports the protection of EigenLayer AVS by coordinating node operators and user strategies.
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Why Is REZ Rising?
The surge in REZ crypto is attributed to technical candlestick formations and significant developments.
The likely approval of the GENIUS Act is anticipated to enhance activity on Ethereum and Solana, benefiting liquid restaking protocols like Renzo directly.
Moreover, Renzo has taken advantage of EigenLayer’s initiatives. Following the introduction of slashing in April, EigenLayer has recently unveiled Flow Vaults with contributions from Renzo and Concrete.
1/ Cross-Chain Asset Restaking on EigenCloud with Flow Vaults
Restaking is now beyond ETH-only. @RenzoProtocol’s Flow Vaults facilitate cross-chain, multi-asset restaking for any initiative on EigenCloud.
→ Restake any ERC-20, including L2 assets
→ Launch vaults w/ deposit tokens,…
