RPL
RPL

Rocket Pool price

$17.7150
+$0.18015
(+1.02%)
Price change from 00:00 UTC until now
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Rocket Pool market info

Market cap
Market cap is calculated by multiplying the circulating supply of a coin with its latest price.
Market cap = Circulating supply × Last price
Circulating supply
Total amount of a coin that is publicly available on the market.
Market cap ranking
A coin's ranking in terms of market cap value.
All-time high
Highest price a coin has reached in its trading history.
Market cap
$371.99M
Circulating supply
20,909,795 RPL
Market cap ranking
149
24h high
$19.0362
24h low
$16.5340
All-time high
$66.0000

Rocket Pool price performance in USD

The current price of Rocket Pool is $17.7150. Since 00:00 UTC, Rocket Pool has increased by +1.03%. It currently has a circulating supply of 20,909,795 RPL and a maximum supply of 20,909,795 RPL, giving it a fully diluted market cap of $371.99M. At present, the Rocket Pool coin holds the 149 position in market cap rankings. The Rocket Pool/USD price is updated in real-time.
Today
$0.18015
+1.02%
7 days
$4.0950
+30.06%
30 days
$8.8950
+100.85%
3 months
$8.4150
+90.48%

About Rocket Pool (RPL)

3.6/5
Certik
3.9
11/20/2024
CyberScope
4.1
11/21/2024
TokenInsight
2.7
09/10/2023
The rating provided is an aggregated rating collected by OKX TR from the sources provided and is for informational purpose only. OKX TR does not guarantee the quality or accuracy of the ratings. It is not intended to provide (i) investment advice or recommendation; (ii) an offer or solicitation to buy, sell or hold digital assets; or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, involve a high degree of risk, can fluctuate greatly, and can even become worthless. The price and performance of the digital assets are not guaranteed and may change without notice. Your digital assets are not covered by insurance against potential losses. Historical returns are not indicative of future returns. OKX TR does not guarantee any return, repayment of principal or interest. OKX TR does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/ tax/ investment professional for questions about your specific circumstances.
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Following Ethereum's (ETH) transition from Proof of Work (PoW) to Proof of Stake (PoS) consensus mechanism, the responsibility of network maintenance shifted from miners to validators. Validators uphold the Ethereum network by staking their ETH tokens. Rocket Pool (RPL) is a notable staking pool that enables users to actively participate in the maintenance of Ethereum's network. By utilizing Rocket Pool, individuals can contribute to the security and operation of the Ethereum ecosystem by staking ETH.

What is Rocket Pool

Designed for ETH users, Rocket Pool is a protocol that aims to reduce the staking requirements on the Ethereum network. It operates as a liquid staking protocol, where users can securely stake their ETH in a trustless manner towards a network of node operators.

The Rocket Pool team

Rocket Pool was founded in 2016 by David Rugendyke, who also serves as the protocol's CTO. The team consists of highly skilled professionals dedicated to the project's success – Darren Langley as General Manager, Kane Wallmann as Senior Solidity Engineer, Nick Doherty as Senior Blockchain Engineer, Joe Clapis as Senior Blockchain Engineer, and Maverick (Nick Ashley) as the Marketing and Community Manager.

How does Rocket Pool work

Rocket Pool lowers the entry barrier for ETH holders seeking to stake their tokens. It enables users with smaller amounts of ETH to participate in a staking pool. Through a collaborative process, contributors pool together 16 ETH, which is matched by the Rocket Pool network with another 16 ETH from a validator. This combined total of 32 ETH fulfills the requirement to create a validator node on the Ethereum network. As the node carries out transaction validations on the Ethereum network, each contributor, known as a staker, earns proportional rewards based on their stake in the node.

Rocket Pool’s native token: RPL

RPL is the primary token used for governing the Rocket Pool protocol and can be staked on a Rocket Pool node as insurance. When creating a 16 ETH minipool validator, a minimum of 10 percent of the ETH's value must be staked in RPL as a security promise. This insurance serves as collateral, protecting against penalties or slashes that result in staking less than 16 ETH. If the operator falls short, their collateral is auctioned to compensate the protocol. In return for this insurance, node operators receive RPL rewards generated by protocol inflation. The more RPL staked, the greater the rewards.

RPL tokenomics

RPL’s circulating supply currently stands at 19,474,470 tokens, set to inflate at five percent annually. It's worth highlighting that RPL's tokenomics are closely tied to Ethereum staking, as Rocket Pool serves as a staking service on the Ethereum network.

RPL use cases

RPL is used for incentivizing network participants and facilitating governance within the ecosystem. Additionally, the token plays a pivotal role in the Rocket Pool ecosystem, enabling users to pay fees and conduct various transactions on the network.

RPL distribution

RPL takes a unique approach to inflation compared to many other cryptocurrency networks. While some networks periodically burn tokens to control inflation, RPL budgets for an annual inflation rate of five percent. The distribution of these newly minted tokens is as follows:

  • 70 percent is allocated to node operators.
  • 15 percent goes to Oracle DAO companies.
  • The remaining 15 percent is reserved for DAO treasury organizations.

The future of Rocket Pool

With Ethereum's recent transition to a PoS consensus mechanism, the crypto industry anticipates the ongoing expansion of the network. As more users consider ETH staking as a viable option, protocols like Rocket Pool are poised to play a significant role, given Rocket Pool's close connection to the Ethereum network.

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RPL FAQ

What is Rocket Pool?

Rocket Pool is a decentralized protocol that makes it easy for ETH holders to participate in Ethereum staking, even if they do not possess the minimum 32 ETH required to individually create a validator node on the Ethereum network.

What are the benefits of Rocket Pool?

Rocket Pool enables crypto users with different staking capacities to participate in ETH staking, providing them with the opportunity to earn rewards proportional to the value of their locked ETH. This inclusive approach allows a wider range of users to benefit from the potential rewards associated with ETH staking.

Where can I buy RPL?

Easily buy RPL tokens on the OKX TR cryptocurrency platform. Available trading pairs in the OKX TR spot trading terminal include RPL/USDT and RPL/USDC

How much is Rocket Pool worth today?
Currently, one Rocket Pool is worth $17.7150. For answers and insight into Rocket Pool's price action, you're in the right place. Explore the latest Rocket Pool charts and trade responsibly with OKX TR.
What is cryptocurrency?
Cryptocurrencies, such as Rocket Pool, are digital assets that operate on a public ledger called blockchains. Learn more about coins and tokens offered on OKX TR and their different attributes, which includes live prices and real-time charts.
When was cryptocurrency invented?
Thanks to the 2008 financial crisis, interest in decentralized finance boomed. Bitcoin offered a novel solution by being a secure digital asset on a decentralized network. Since then, many other tokens such as Rocket Pool have been created as well.