REZ crypto has skyrocketed by 70% in just 48 hours, continuing its upward trajectory from mid-July. This surge is significantly attributed to Renzo’s integration with EigenLayer, which is revolutionizing the liquidity restaking process on both Ethereum and Solana.

The total cryptocurrency market capitalization is inching closer to the $4 trillion threshold, with Bitcoin maintaining its dominance at 61%. This increased liquidity, however, has slowed price movements. In the last week, Bitcoin itself saw a surge. Consequently, some of the best altcoins are beginning to mark their presence in the market.

REZ Crypto’s 70% Spike in 48 Hours

Within the last 24 hours, Renzo has emerged as a notable performer, recording a 10% rise and extending its overall gains to approximately 70% over two days. Currently, the token shows bullish signals, handily surpassing June 2025’s highs and approaching $0.020, with aspirations to achieve Q2 2025 peaks. Buyers are well-positioned to push REZ further into the cryptocurrency spotlight. Recent statistics suggest a trading increase, continuing the momentum built since July 15. Notably, the previous leap from July 8 to July 11 saw REZ crypto appreciating by 122% before a minor retracement.

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Despite House Speaker Mike Johnson truncating further floor votes due to dissenting voices among Republicans, hopes run high for the eventual passage of the GENIUS Act.

The recent vote in Congress has paved the way for discussions regarding the bill’s structure, during which Donald Trump shared on TruthSocial that he was in the Oval Office with 11 out of the 12 Congress members needed to pass the act.

What Is Renzo?

The passing of the GENIUS and CLARITY Acts could usher monumental changes for Ethereum, where Renzo will play a critical role in securing the mainnet. Renzo operates as a liquid restaking protocol catering to Ethereum and Solana.

This innovative solution enhances the efficiencies, flexibility, and interoperability of staking ETH and SOL on their respective mainnets. By utilizing EigenLayer, users can deposit ETH or liquid staking assets like stETH to obtain a liquid restaking token (LRT) that stands for a share of staked assets and automatically compounds staking and restaking rewards.

Significantly, this tradable token allows participants to engage in DeFi activities while simultaneously generating yields derived from Ethereum or Solana mainnets along with EigenLayer’s Actively Validated Services (AVS).

Renzo also provides security for EigenLayer’s AVS by managing node operators and user methodologies.

Why Is REZ On The Rise?

The REZ crypto surge seems to be fueled by a combination of technical patterns and fundamental advancements. The anticipated passing of the GENIUS Act is expected to bolster activity on Ethereum and Solana directly benefiting liquid restaking protocols such as Renzo.

Additionally, Renzo is capitalizing on EigenLayer’s various initiatives. Following the introduction of slashing in April, EigenLayer has recently unveiled Flow Vaults, aided by partnerships with Renzo and Concrete.

Quote from EigenCloud Twitter: “Cross-Chain Asset Restaking on EigenCloud with Flow Vaults: Restaking is no longer ETH-only. @RenzoProtocol’s Flow Vaults unlock cross-chain, multi-asset restaking for any project on EigenCloud.”

Furthermore, Renzo has been active in repurchasing REZ from the market. Recently, they bought back 1.38 million REZ and directed them to a compounding staking pool.

Conclusion

This buyback initiative could potentially decrease the circulating supply of REZ, leading to upward pressure on prices should demand increase significantly.