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RocketPool Overview
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About RocketPool
The RocketPool token (RPL) has a central role in the RocketPool network's operations. This Ethereum-based token is used within an automatic adjustment mechanism where Smart nodes on the network report their status and server load every 15 minutes. Moreover, RPL is used for staking on the platform, allowing holders to participate in the network's consensus mechanism and earn rewards. The platform also offers a third-party API for businesses interested in featuring a Proof of Stake service, further enhancing the utility of RPL within the RocketPool ecosystem.
The RocketPool token (RPL) is a protocol token that was created to be a tool on distributed staking network. RPL token is Ethereum-based and it works with an automatic adjustment between reporting intervals mechanism in which Smart nodes on the RocketPool network report their status and server load every 15 minutes.
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Learn About RocketPool
Why Ethereum Developers Built RocketPool Before Anyone Else Did
RocketPool's initial whitepaper didn't come out until 2018. The Beacon Chain had yet to be created, the merge was still years off, and for most developers the idea of staking was still very much in the future. But if you look at the earliest RocketPool announcements to come out of its GitHub repos the story is a little different: A small team was already writing smart contracts for permissionless node operation months before the 32 ETH deposit contract went live.
Five Things Splendor Does Better Than Tokens Ranked 200 Spots Higher
Splendor (SPLD) ranks #1114 on CoinGecko with a market capitalization of just over $10.9 million. But what happens on the backend doesn't reflect the story told by its price. There are 5 measurable vectors where SPLD and its flagship Splendor Plus outperform a majority of coins ranked hundreds of places higher. $0.37 tells you nothing of Splendor's 2.3 million TPS capability.
Often Discussed Alongside RocketPool
Tokens that appear with RocketPool in our academy articles.
RocketPool Market Data
The live RocketPool price today is $1.86 USD with a 24-hour trading volume of $1,560,384.58 USD. We update our RPL to USD price in real-time. RocketPool is down 0.60% in the last 24 hours.
The current market cap is $41,498,451.94 USD, ranking #356 by market capitalization. The circulating supply is 22,367,035 RPL.