Key Metrics
Fees 30d$2.32m
Fees 30d by chain
Ethereum$2.16m
Arbitrum$81,394
Base$77,530
Scroll$954.87
Blast$182.7
ZKsync Era$156.63
OP Mainnet$50.85
Linea$30.25
Fees 7d$520,138
Ethereum$482,284
Arbitrum$19,873
Base$17,646
Scroll$232.48
Blast$44.95
ZKsync Era$38.25
OP Mainnet$12.42
Linea$7.39
Fees 24h$50,751
Ethereum$47,100
Arbitrum$1,941
Base$1,677
Scroll$22.39
Blast$4.36
ZKsync Era$3.76
OP Mainnet$1.21
Linea$0.72
Cumulative Fees$83.85m
Ethereum$77.66m
Arbitrum$3.08m
Linea$1.49m
Base$1.33m
Scroll$127,685.19
OP Mainnet$71,082.83
ZKsync Era$70,402.82
Blast$23,050.96
Revenue 30d$97,515
Revenue 30d by chain
Ethereum$90,304
Arbitrum$3,663
Base$3,488
Scroll$43.03
Blast$8.22
ZKsync Era$7.06
OP Mainnet$2.29
Linea$1.33
Revenue 7d$23,400
Ethereum$21,699
Arbitrum$895
Base$792
Scroll$10.52
Blast$2
ZKsync Era$1.72
OP Mainnet$0.56
Linea$0.33
Revenue 24h$2,284
Ethereum$2,119
Arbitrum$88
Base$76
Scroll$1.03
Blast$0.2
ZKsync Era$0.17
OP Mainnet$0.05
Linea$0.03
Cumulative Revenue$6.02m
Ethereum$5.78m
Arbitrum$114,935
Linea$55,486.93
Base$52,490
Scroll$4,967.13
ZKsync Era$2,488.12
OP Mainnet$2,411.78
Blast$855.2
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 (3.5% of 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 APY2.3%
User Activity
Active Addresses (24h)3
Transactions (24h)4
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 $1.126b in total value locked. TVL has increased 28.4% over the past 30 days.
What chains does Kelp operate on?
Kelp operates on Ethereum. Ethereum holds the largest share at 100%.
How much has Kelp generated in fees and revenue?
Over the past 30 days, Kelp generated $2.32m in fees. Of that, $97,515 was protocol revenue. Based on the trailing year, the annualized rate is $41.38m in fees and $2.89m 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 $1.467b across 28 protocols, and Kelp accounts for 76.9% of that total. Other leading protocols include Renzo, Puffer Stake, Mantle Restaking, Swell Liquid Restaking, Bedrock uniETH, Mellow Restaking, InceptionLRT (Isolated Restaking), Eigenpie, King Protocol, and Neemo Finance.
How many yield pools does Kelp have?
DefiLlama tracks 1 Kelp yield pool with an average APY of 2.3%.
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.
