rocket-pool logo
Rocket Pool
RPL
$16.45

Sector

Defi

Exchange Debut

2018-07-18

Market Cap

337,653,171

Maxim Supply

Circulating Supply

20,522,127

Circ. Supply(%)

rocket-pool logo

Rocket Pool

RPL

Price

$16.45

Market Cap

Sector

Exchange Debut

337,653,171
2018-07-18

Volume 24h

High 24h

Low 24h

3581392
17.285718676593
16.418710149885

Change 24h

Change 7d

Change 30d

-4.8166
-17.7872
-26.3278

Maxim supply

Circulating supply

Circulating supply(%)

20,522,127

The opinion of artificial intelligence (AI), based on the fundamental analysis of the Rocket Pool-RPL cryptocurrency:

 

Rocket Pool (RPL) emerges as a decentralized Ethereum staking platform, offering up to 4.33% APR for ETH2 staking, with an enhanced model for those operating their own nodes. Its unique structure allows for lower entry barriers and additional earnings in RPL rewards, contributing to an overall score of 6.35 out of 10 in the fundamental analysis of the Rocket Pool-RPL cryptocurrency. This score reflects a blend of factors, encompassing social media presence, security audits, tokenomics, ecosystem development, team expertise, product utility, and the strength of partnerships and investors.

SOCIAL & MASS MEDIA: Score 6.2 out of 10

Rocket Pool’s social and media presence is a mixed bag. It excels in community activity and media presence, scoring 9 out of 10 in both, indicating a robust and engaged community. However, it falls short in attracting social media followers and activities of social media administrators, which are crucial for widespread outreach and engagement. This variance highlights the potential for improvement in its digital marketing and community management strategies.

AUDIT & SECURITY: Score 7.48 out of 10

The platform’s audit and security are relatively strong, with an impressive 8 out of 10 in audit results. This indicates a robust framework against vulnerabilities, enhancing user trust. However, transparency of information could be improved, as evidenced by a score of 5.5 out of 10. Ensuring greater transparency could further bolster investor confidence.

TOKENOMICS: Score 8 out of 10

Rocket Pool’s token economy is one of its stronger aspects. The high score in inflation management (10 out of 10) demonstrates a well-thought-out approach to maintaining value. However, there’s room for improvement in decentralizing its monetary mass, as indicated by a score of 6 out of 10.

ECOSYSTEM DEVELOPMENT: Score 7 out of 10

The ecosystem development shows steady progress with a balance between achieving objectives and planning new developments. A score of 6.5 out of 10 in achieving objectives suggests room for more consistent delivery on roadmap targets.

TEAM & DEVELOPERS: Score 4.6 out of 10

The team and developers behind Rocket Pool appear to be its weakest link, with scores hovering around the midpoint. Enhancing the team’s experience and increasing the number of software developers could significantly improve this aspect.

PRODUCT & UTILITY: Score 5.3 out of 10

While the utility of the product is well-regarded (7.5 out of 10), the utility of tokens within the ecosystem is seen as limited (2 out of 10). This indicates a need for better integration of RPL tokens into the broader ecosystem to enhance their utility and value.

PARTNERS & INVESTORS: Score 5.5 out of 10

The score for partners and investors is average. While there’s a decent number and capacity of investors, the quality of partnerships needs enhancement. Stronger partnerships could significantly contribute to the project’s success.

Fundamental analysis of the Rocket Pool-RPL cryptocurrency – The final conclusion

In conclusion, the fundamental analysis of the Rocket Pool-RPL cryptocurrency reveals a project with solid foundations, particularly in its tokenomics and audit security. However, it faces challenges in team expertise, product token utility, and robust partnerships. The investment opportunity lies in its potential for growth, especially if it addresses these weaker areas. As always, investors should consider the inherent risks in cryptocurrency investments and the volatility of the market. Rocket Pool’s unique position in the Ethereum staking landscape, combined with efforts to improve in its weaker areas, could make it an attractive option for those looking to diversify their crypto portfolio.

What is Rocket Pool?

Rocket Pool, a decentralized Ethereum staking pool, offers a unique approach to ETH2 staking. It allows users to participate in its decentralized node operator network or run their own nodes with just 16 ETH. Users opting to run their own nodes can earn up to 6.36% APR in ETH and additional RPL rewards, while those joining the network can expect up to 4.33% APR.

Liquid Staking and Smart Nodes

One of the defining features of Rocket Pool is its liquid staking mechanism. This system increases users’ exchange rate, avoiding taxable events associated with adding to initial staked collateral. Additionally, Rocket Pool’s innovative smart node software enables anyone to run a node on its network. To mitigate risks, losses from ineffective nodes are distributed across the network. This is bolstered by the pool’s open-source and audited smart contracts, ensuring non-custodial staking and maximum decentralization.

Foundational Leadership

David Rugendyke, a senior developer with a computer science background, founded Rocket Pool in late 2016. He is aided by General Manager Darren Langley, and a team of skilled blockchain and Solidity engineers, bringing together over 40 years of combined experience.

Unique Attributes of Rocket Pool

Rocket Pool stands out by enabling trustless ETH staking through a network of decentralized autonomous nodes, supported by RPL collateral. It complements traditional staking-as-a-service providers, offering additional earning potentials through ETH and RPL rewards. Its rETH token represents staked ETH, accruing rewards based on the network’s performance, and offers protection against slashing through insurance mechanisms.

Circulation and Security

The ERC-20 RPL token secures the Rocket Pool network. It has undergone successful audits by Sigma Prime, Consensys Diligence, and Trail of Bits. Additionally, the network’s governance is managed by the Protocol DAO and Oracle DAO, ensuring robust oversight and security.

Fundamental analysis of the Roket Pool-RPL cryptocurrency

Rocket Pool - RPL performance

GENERAL CRITERIA:

Score

SOCIAL & MASS MEDIA
0
AUDIT & SECURITY
0
TOKENOMICS
0
ECOSYSTEM DEVELOPMENT
0
TEAM & DEVELOPERS
0
PRODUCT & UTILITY
0
PARTNERS & INVESTORS
0
Content description – Go to Metholodogy

Social & Mass Media In this section was taken into consideration the intensity of the activity of the social media page of the administrators , the speed of the community growth, the user interaction with the pages and as well the number of media appearances in the most important trade publications.

Audit & Security In particular, the team looks if the project is audited, how extensive the audit is,  at the bug bounty program, if it had incidents or not, at the liquidity on the exchanges and at the transparency of the information provided.

Tokenomics Under this criterion it is analyzed whether the project is inflationary or not, whether it has maximum supply, the percentage of supply released into the market at the time of the analysis, the rate of inflation per year, the distribution of supply in the portfolios as well as the vesting plan.

Ecosistem Development In this section is checked if the project has delivered on time what it proposed in the roadmap, the degree of participation in the project governance of the community, the activity and intensity of the developments published on github and what products or applications the team proposes to develop in the future.

Team & Developers It checks if the team is public, the quality of the team behind the project, the number of members on different domains, the experience in IT, finance and cryptography, the traceability of published information about team members and as well the number of developers in the project.

Product & Utility It checks if there are functional products, the number of users and the revenues generated by these products, the sustainability of the project and the usefulness offered in the cryptographic space and as well as in other fields of activity.

Partners & Investors It analyzes the partners and the degree of their involvement in the project, the capacity of investors and investment funds that can contribute substantially to the development of the ecosystem.

Go to Methodology

Content description

Social & Mass Media In this section was taken into consideration the intensity of the activity of the social media page of the administrators , the speed of the community growth, the user interaction with the pages and as well the number of media appearances in the most important trade publications.

Audit & Security In particular, the team looks if the project is audited, how extensive the audit is,  at the bug bounty program, if it had incidents or not, at the liquidity on the exchanges and at the transparency of the information provided.

Tokenomics Under this criterion it is analyzed whether the project is inflationary or not, whether it has maximum supply, the percentage of supply released into the market at the time of the analysis, the rate of inflation per year, the distribution of supply in the portfolios as well as the vesting plan.

Ecosistem Development In this section is checked if the project has delivered on time what it proposed in the roadmap, the degree of participation in the project governance of the community, the activity and intensity of the developments published on github and what products or applications the team proposes to develop in the future.

Team & Developers It checks if the team is public, the quality of the team behind the project, the number of members on different domains, the experience in IT, finance and cryptography, the traceability of published information about team members and as well the number of developers in the project.

Product & Utility It checks if there are functional products, the number of users and the revenues generated by these products, the sustainability of the project and the usefulness offered in the cryptographic space and as well as in other fields of activity.

Partners & Investors It analyzes the partners and the degree of their involvement in the project, the capacity of investors and investment funds that can contribute substantially to the development of the ecosystem.

Related projects

DeFi - logo
SCORE: 7.13
RATING: Good
Osmosis - logo
SCORE: 7.55
RATING: Good
Ondo - logo
SCORE: 7.49
RATING: Good
GT Protocol logo
SCORE: 5.47
RATING: Average
vvs-finance LOGO
SCORE: 5.03
RATING: Average
seth2 LOGO
SCORE: 5.33
RATING: Average
defichain logo
SCORE: 6.60
RATING: Good
just logo
SCORE: 5.55
RATING: Average
thorchain logo
SCORE: 7.88
RATING: Good
kava logo
SCORE: 7.38
RATING: Good
pendle logo
SCORE: 7.31
RATING: Good
SushiSwap LOGO
SCORE: 7.27
RATING: Good
Pundi X logo
SCORE: 🔒
RATING: No rating
Liquity logo
SCORE: 6.44
RATING: Good
maverik prtocol logo
SCORE: 7.05
RATING: Good
SCORE: 🔒
RATING: No rating