Interoperability has become ane of the driving themes inside the crypto market and equally the blockchain ecosystem evolves into an interconnected web of layer-one protocols, the importance of communication and efficiency among decentralized applications (dApps) will too increase.

Ren (REN), a blockchain protocol designed to provide interoperability and liquidity between different blockchain platforms, has started gaining traction over the past calendar month and a half as activity in the decentralized finance (DeFi) sector has been on the rise.

Information from Cointelegraph Markets Pro and TradingView shows that after reaching a low of $00.41 on Aug. 9, the price of REN has climbed 185% to a daily high at $1.16 on Sept. 15 equally its 24-hour trading book spiked 443% to $673 million.

REN/USDT 1-twenty-four hour period chart. Source: TradingView

Three reasons for the toll growth seen in REN include the steadily increasing activity and total value locked on RenVM, the launch of a bridge to Arbitrum and the release of RenVM Greycore on the network's testnet.

Ascension volume and total value locked

REN's bullish momentum can be found in the information for the total network book and total value locked (TVL).

Total network volume and total value locked on Ren. Source: Ren Project

As 2022 progressed, new bondage were added to the listing of bridges supported, which now includes Ethereum, Binance Smart Concatenation, Solana, Polygon, Fantom, Barrage and Arbitrum.

Each new bridge has helped to increase the book and TVL on the Ren network, which has coincided with moves seen in REN p.

REN cost follows the Bridge to Arbitrum

The spike in price seen on Sept. 15 was due, in large part, to the release of the Arbitrum bridge, an Ethereum (ETH) layer-two scaling solution Arbitrum, which is designed to host popular decentralized applications in a fast, depression-fee environment.

The Ethereum network has been plagued by loftier fees and delayed transaction times, which have hampered the ability of many users to use DeFi or nonfungible token (NFT) related protocols on the network.

Arbitrum'southward depression-cost environs has proven to exist an attractive DeFi environment for BTC holders who are now able to migrate to the layer-two solution and collaborate on the network with renBTC.

The total value locked on Arbitrum via the Ren protocol was $7.75 million every bit of Sept. 15 and is represented by the greenish line in the value locked chart above.

Related: Solana and Arbitrum knocked offline, while Ethereum evades attack

REN marches toward decentralization

A third reason behind the increase in activity for REN was the release of RenVM Greycore on the network's testnet on Sept. 13, a move that was done as the project works toward its goal of full decentralization.

Greycore is a semi-decentralized validator set of nodes that are operated past reputable DeFi projects and it helps to add an additional layer of protection for the protocol.

The first project to join Greycore was BadgerDAO, a DeFi projection focused on building projects that bring BTC to DeFi.

According to information from Cointelegraph Markets Pro, market weather for REN take been favorable for some fourth dimension.

The VORTECS™ Score, sectional to Cointelegraph, is an algorithmic comparison of historical and current market weather derived from a combination of data points including market sentiment, trading volume, recent price movements and Twitter activity.

VORTECS™ Score (green) vs. REN price. Source: Cointelegraph Markets Pro

Equally seen on the nautical chart above, the VORTECS™ Score for REN turned greenish on Sept. thirteen and climbed to a high of 71 on Sept. 14 just as the toll of REN began to increase 72% over the next ii days.

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