Total Value Locked$983.41m
TVL by Chain
Ethereum$983.41m
Key Metrics
Fees 30d$2.43m
Fees 30d by chain
Ethereum$2.29m
Arbitrum$98,372
Base$44,952
Scroll$1,157
Blast$220.36
ZKsync Era$190.75
OP Mainnet$61.63
Linea$36.63
Fees 7d$504,385
Ethereum$482,504
Arbitrum$21,512
Scroll$253
Blast$48.28
ZKsync Era$41.67
OP Mainnet$13.48
Linea$8.01
Base$4.34
Fees 24h$42,755
Ethereum$40,896
Arbitrum$1,827
Scroll$22
Blast$4.12
ZKsync Era$3.55
OP Mainnet$1.15
Linea$0.68
Base$0.37
Cumulative Fees$86.93m
Ethereum$80.55m
Arbitrum$3.2m
Linea$1.49m
Base$1.39m
Scroll$129,139
OP Mainnet$71,160
ZKsync Era$70,642
Blast$23,327
Revenue 30d$115,993
Revenue 30d by chain
Ethereum$109,009
Arbitrum$4,766
Base$2,133
Scroll$56.14
Blast$10.72
ZKsync Era$9.24
OP Mainnet$2.98
Linea$1.78
Revenue 7d$25,221
Ethereum$24,125
Arbitrum$1,076
Scroll$12.68
Blast$2.41
ZKsync Era$2.09
OP Mainnet$0.67
Linea$0.41
Base$0.22
Revenue 24h$2,138
Ethereum$2,045
Arbitrum$91
Scroll$1.08
Blast$0.21
ZKsync Era$0.18
OP Mainnet$0.06
Linea$0.03
Base$0.02
Cumulative Revenue$6.17m
Ethereum$5.93m
Arbitrum$120,908
Base$55,553
Linea$55,506
Scroll$5,045
ZKsync Era$2,502
OP Mainnet$2,418
Blast$868.50
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 APY2.25%
User Activity
Active Addresses (24h)9
Transactions (24h)9
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 $983.41m in total value locked. TVL has decreased 9.7% 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 $2.43m in fees. Of that, $115,993 was protocol revenue. Based on the trailing year, the annualized rate is $36.69m in fees and $2.32m 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 $1.269b across 27 protocols, and Kelp accounts for 77.5% 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 2.3%.
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.