Rocket Pool current market price is $10.81 with a 24 hour trading volume of $430.92K. The total available supply of Rocket Pool is 16.19M RPL with a maximum supply of 18.00M RPL. It has secured Rank 171 in the cryptocurrency market with a marketcap of $175.36M. The RPL price is 2% up in the last 24 hours.
The lowest price of the Rocket Pool is $10.38 & the highest price is $10.91 in the last 24 hours. Live Rocket Pool prices from all markets and RPL coin market Capitalization. Stay up to date with the latest Rocket Pool price movements. Check our coin stats data and see when there is an opportunity to buy or sell Rocket Pool at best price in the market.
$10.38 / $10.91
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Rocket Pool is a next generation decentralised staking network and pool for Ethereum 2.0Rocket Pool is a self-regulating network of node operators; it automatically adjusts its capacity to match demand. The Rocket Pool protocol token is used to maintain an optimal capacity by:Increasing capacity when needed, by incentivising node operators to join.Decreasing capacity when not needed, by disincentivising node operators from joining.In addition to depositing ETH, a node operator is required to deposit a set amount of RPL per ether they are depositing. This RPL:ether ratio is dynamic and is dependent on the network utilisation. E.g:If the network has plenty of capacity, then node operators need more RPL to make deposits. It gets progressively more expensive in terms of RPL to make node deposits when the network does not have enough ETH from regular stakers to be matched up with node operators. This helps prevent several attack vectors outlined in the whitepaper and keeps assignment of ether ‘chunks’ to nodes quick.If the network is reaching capacity, then node operators need less RPL to join as the network needs more node deposits to be matched up with regular users deposits. If the network is maxed out and needs node operators to join quickly, it even drops to 0 for the first one to make a deposit.