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Rocket Pool

RPL

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About Rocket Pool

RPL is the ERC-20 utility token of Rocket Pool, a liquid staking protocol on the Ethereum blockchain. RPL tokens are used to govern the PDAO and can be staked by node operators.

Rocket Pool (RPL) is a decentralized Ethereum staking pool that strives to provide a platform for ETH2 staking. It offers a unique approach to staking, allowing users to join the network with a decentralized node operator network or run their own nodes with only 16 ETH. Rocket Pool provides liquid staking, which means users participate in an increasing exchange rate rather than adding to their initial staked collateral. It also offers smart nodes, a custom node software that allows anyone to run a node on its network. This system is supported by the pool’s open-source and audited smart contracts, which aim to ensure fully non-custodial staking and a high degree of decentralization.

Rocket Pool operates on the principle of trustless staking of ETH to a network of decentralized autonomous nodes, underpinned by RPL collateral. It offers two ways of interaction: through rETH and Node Staking. rETH is a tokenized version of the staked ETH in Rocket Pool, which allows stakers to engage from 0.01 ETH to up to 32 ETH. By staking their Ether, users receive rETH in return, which automatically reflects the performance of the entire network of node operators. Node Staking, on the other hand, allows users to deposit 16 ETH and stake an additional 16 ETH on behalf of the protocol. Rocket Pool automatically adjusts its commission rate based on the supply and demand of node operators and available ETH.

Rocket Pool aims to make ETH2 staking accessible to anyone, regardless of their capital or level of technological sophistication. It can be used by individuals who want to participate in Ethereum staking but lack the technical skills or financial capacity to run a node or own 32 ETH. It can also be used by staking-as-a-service providers who aim to participate in the network by joining Rocket Pool and running a node. Furthermore, Rocket Pool's rETH token can be used by those who want to stake their Ether and participate in the performance of the entire network of node operators.

Rocket Pool was conceived in late 2016 by David Rugendyke, a senior developer with a computer science background. He was supported by General Manager Darren Langley, an executive with over 18 years of commercial experience in managing and mentoring development teams, designing application architecture, and delivering digital products for government and financial services. The team also includes three blockchain and Solidity engineers with a combined 40 years of experience. Rocket Pool has been live since October 2021 and has been successfully audited by three separate firms: Sigma Prime, Consensys Diligence, and Trail of Bits. It also runs a bug bounty program to incentivize keeping its protocol safe.

Market

Market stats

Market cap

$340.2M

Volume (24h)

$7.2M

Circulating supply

20.5M RPL

All time high

$64.29

Market performance

Price change (1h)

-0.6%

Price change (1d)

-5.8%

Price change (1w)

-5.64%

Price change (2w)

+15.49%

Price change (1m)

-26.03%

Price change (1y)

-43.58%

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Social

Some highlights about Rocket Pool on social media

478 unique individuals are talking about Rocket Pool and it is ranked #737 in most mentions and activity from collected posts. In the last 24 hours, across all social media platforms, Rocket Pool has an average sentiment score of 3.2 out of 5. Finally, Rocket Pool is becoming more newsworthy, with 0 news articles published about Rocket Pool. This is a 0% increase in news volume compared to yesterday.

On Twitter, people are mostly neutral about Rocket Pool. There were 29.11% of tweets with bullish sentiment compared to 3.8% of tweets with a bearish sentiment about Rocket Pool. 67.09% of tweets were neutral about Rocket Pool. These sentiments are based on 79 tweets.

On Reddit, Rocket Pool was mentioned in 0 Reddit posts and there were 0 comments about Rocket Pool. On average, there were more upvotes compared to downvotes on Reddit posts and more upvotes compared to downvotes on Reddit comments.

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Overview

Contributors

478 people

Posts

58 posts

Dominance

0.04%

Volume rank

#737

Average Sentiment

3.2 out of 5

Twitter

Coinbase Bytes

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Rocket Pool is on the decline this week.

The price of Rocket Pool has decreased by 0.60% in the last hour and decreased by 5.80% in the past 24 hours. Rocket Pool’s price has also fallen by 5.64% in the past week. The current price is $16.59 per RPL with a 24-hour trading volume of $7.24M. Currently, Rocket Pool is valued at 74.20% below its all time high of $64.29. This all-time high was the highest price paid for Rocket Pool since its launch.

The current circulating supply of Rocket Pool is 20,522,127.178 RPL which means that Rocket Pool has as total market cap of 20,522,127.178.

FAQ

What is the current price of Rocket Pool?

We update our Rocket Pool to USD currency in real-time. Get the live price of Rocket Pool on Coinbase.

What is the market cap of Rocket Pool?

The current market cap of Rocket Pool is $340.21M. A high market cap implies that the asset is highly valued by the market.

What is the all time high of Rocket Pool?

The all-time high of Rocket Pool is $64.29. This all-time high is highest price paid for Rocket Pool since it was launched.

What is the 24 hour trading volume of Rocket Pool?

Over the last 24 hours, the trading volume of Rocket Pool is $7.24M.

What other assets are similar to Rocket Pool?

Assets that have a similar market cap to Rocket Pool include eCash, Pendle, Frax, and many others. To see a full list, see our comparable market cap assets.

How many Rocket Pool are there?

The current circulating supply of Rocket Pool is 21 million.

Can I buy Rocket Pool on Coinbase?

Yes, Rocket Pool is currently available on Coinbase’s centralized exchange. For more detailed instructions, check out our helpful how to buy Rocket Pool guide.