Render (RNDR) rallied more than 30% over the past week to a four-month high, as rising demand for AI infrastructure coincided with an uptick in on-chain activity, according to data from on-chain analytics firm Santiment.
Price Rebounds to Highest Level Since January
RNDR advanced from about $1.80 last Tuesday to roughly $2.35 over seven days, marking its strongest level since January. The move comes while much of the broader cryptocurrency market has remained range-bound.
AI-Focused Use Case Draws Interest
Render is a decentralized marketplace that connects users needing GPU-based rendering with providers who rent out their hardware. As AI development accelerates and demand for GPUs increases, platforms facilitating access to compute resources have drawn greater attention, a backdrop that may be supporting interest in RNDR.
On-Chain Metrics Point to Rising Participation
Santiment reported that two key indicators have climbed alongside price: Daily Active Addresses — the number of addresses transacting each day — and Network Growth, which tracks newly created addresses. Both measures have risen during the latest rally.
As of the latest reading, Render recorded 394 active addresses and 118 new wallets in a single day, the highest daily levels since March, according to Santiment.