Kelp(KERNEL)
Total Value Locked$1.146b
TVL by Chain
Ethereum$1.146b
Key Metrics
Fees 30d$2.48m
Fees 30d by chain
Ethereum$2.31m
Arbitrum$92,565
Base$77,773
Scroll$1,085.75
Blast$207.43
ZKsync Era$178.77
OP Mainnet$57.9
Linea$34.43
Fees 7d$542,313
Ethereum$505,057
Arbitrum$21,707
Base$15,181
Scroll$254.07
Blast$48.72
ZKsync Era$42.41
OP Mainnet$13.6
Linea$8.08
Fees 24h$67,119
Ethereum$62,492
Arbitrum$2,696
Base$1,885
Scroll$32
Blast$6.06
ZKsync Era$5.23
OP Mainnet$1.69
Linea$1
Cumulative Fees$85.35m
Ethereum$79.05m
Arbitrum$3.14m
Linea$1.49m
Base$1.38m
Scroll$128,378.07
OP Mainnet$71,119.77
ZKsync Era$70,517.29
Blast$23,182.77
Revenue 30d$107,517
Revenue 30d by chain
Ethereum$99,764
Arbitrum$4,177
Base$3,506
Scroll$49.15
Blast$9.4
ZKsync Era$8.08
OP Mainnet$2.62
Linea$1.54
Revenue 7d$24,647
Ethereum$22,950
Arbitrum$989
Base$690
Scroll$11.63
Blast$2.23
ZKsync Era$1.91
OP Mainnet$0.63
Linea$0.36
Revenue 24h$3,356
Ethereum$3,125
Arbitrum$135
Base$94
Scroll$1.59
Blast$0.3
ZKsync Era$0.26
OP Mainnet$0.08
Linea$0.05
Cumulative Revenue$6.09m
Ethereum$5.85m
Arbitrum$117,615
Linea$55,487.92
Base$54,591
Scroll$4,998.68
ZKsync Era$2,493.31
OP Mainnet$2,413.46
Blast$861.24
Holders Revenue 30d$0
Holders Revenue 30d by chain
Arbitrum$0
Base$0
Blast$0
Ethereum$0
Linea$0
OP Mainnet$0
Scroll$0
ZKsync Era$0
Holders Revenue 7d$0
Arbitrum$0
Base$0
Blast$0
Ethereum$0
Linea$0
OP Mainnet$0
Scroll$0
ZKsync Era$0
Holders Revenue 24h$0
Arbitrum$0
Base$0
Blast$0
Ethereum$0
Linea$0
OP Mainnet$0
Scroll$0
ZKsync Era$0
Cumulative Holders Revenue$0
Arbitrum$0
Base$0
Blast$0
Ethereum$0
Linea$0
OP Mainnet$0
Scroll$0
ZKsync Era$0
Total Raised$9m
May 22, 2024$9mRound: PrivateInvestors: SCB Limited, Laser Digital, Bankless Ventures, Hypersphere Ventures, Draper Dragon, DACM, Cypher Capital, ArkStream Capital, Cluster Capital, GSR, Longhash Ventures, Side Door Ventures, NOIA Capital, HTX Ventures, Avid3, ViaBTC Capital, DWF Ventures, Coinseeker.co, Tulipa Capital, Scott Moore, Alex Karl Svanevik, Sam Kazemian, Marc Zeller, Amrit Kumar, Anthony Lesoismein, Winslow Strong
Protocol Information
Kelp is the second largest liquid restaking protocol with ~$2B+ in TVL. Its liquid restaked token, rsETH, is live across 10+ major L2s and 40+ DeFi platforms, allowing users to restake while maintaining full liquidity.
Audits:
Methodology
TVL: deposited LSTs in deposit pool, node delegator contracts and from them into eigenlayer strategy contractsView code on GitHubFees: Sum of total staking rewards from rsETH (ETH staking rewards + EIGEN rewards), agETH management fees, and hgETH management/performance fees.View code on GitHubRevenue: Protocol fees from rsETH (on-chain protocol fee on staking rewards), agETH management fees (2%), hgETH management fees (1.5%), and hgETH performance fees (20% of positive rate delta).View code on GitHubHolders Revenue: View code on GitHubYields
Pools Tracked1
Average Supply APY2.37%
User Activity
Active Addresses (24h)13
Transactions (24h)14
Hacks
Date: Apr 18, 2026
Amount: $293m
Classification: Bridge & Cross-Chain
Technique: Cross-Chain Message Spoofing
Chains: Ethereum, Arbitrum
Bridge Hack
Language: Solidity
Target Type: DeFi Protocol
Competitors
Frequently Asked Questions
What is Kelp's TVL?
Kelp currently has $1.146b in total value locked. TVL has increased 3% over the past 30 days.
What chains does Kelp operate on?
Kelp operates on 8 chains: Ethereum, Arbitrum, Scroll, OP Mainnet, and Base and 3 others. Ethereum holds the largest share at 100%.
How much has Kelp generated in fees and revenue?
Over the past 30 days, Kelp generated $2.48m in fees. Of that, $107,517 was protocol revenue. Based on the trailing year, the annualized rate is $39.06m in fees and $2.64m in revenue.
How does Kelp's TVL compare to similar protocols?
Among Liquid Restaking protocols tracked by DefiLlama, Kelp ranks #1 by TVL. The category holds $1.462b across 28 protocols, and Kelp accounts for 78.2% of that total. Other leading protocols include Renzo, Zero-G Finance, Affine Restaking, Mantle Restaking, Swell Liquid Restaking, Puffer Stake, Bedrock uniETH, Mellow Restaking, InceptionLRT (Isolated Restaking), and Eigenpie.
How many yield pools does Kelp have?
DefiLlama tracks 1 Kelp yield pool with an average APY of 2.4%.
Has Kelp ever been exploited?
Kelp has 1 recorded security incident. The most recent incident occurred on Apr 18, 2026 and involved $293m. It was classified as Bridge & Cross-Chain.