Kelp(KERNEL)
Total Value Locked$1.133b
TVL by Chain
Ethereum$1.133b
Key Metrics
Fees 30d$2.26m
Fees 30d by chain
Ethereum$2.11m
Arbitrum$87,246
Base$70,051
Scroll$1,024
Blast$195.56
ZKsync Era$168.94
OP Mainnet$54.59
Linea$32.46
Fees 7d$549,803
Ethereum$514,278
Arbitrum$20,697
Base$14,477
Scroll$243.99
Blast$46.68
ZKsync Era$40.47
OP Mainnet$12.97
Linea$7.70
Fees 24h$232,771
Ethereum$216,495
Arbitrum$9,481
Base$6,635
Scroll$112
Blast$21
ZKsync Era$18
OP Mainnet$5.94
Linea$3.54
Cumulative Fees$85.79m
Ethereum$79.46m
Arbitrum$3.15m
Linea$1.49m
Base$1.39m
Scroll$128,571
OP Mainnet$71,130
ZKsync Era$70,548
Blast$23,219
Revenue 30d$101,723
Revenue 30d by chain
Ethereum$94,480
Arbitrum$3,985
Base$3,191
Scroll$46.90
Blast$8.97
ZKsync Era$7.71
OP Mainnet$2.49
Linea$1.47
Revenue 7d$24,579
Ethereum$22,881
Arbitrum$989
Base$692
Scroll$11.65
Blast$2.23
ZKsync Era$1.92
OP Mainnet$0.62
Linea$0.37
Revenue 24h$11,639
Ethereum$10,825
Arbitrum$474
Base$332
Scroll$5.59
Blast$1.07
ZKsync Era$0.92
OP Mainnet$0.30
Linea$0.18
Cumulative Revenue$6.11m
Ethereum$5.87m
Arbitrum$118,428
Linea$55,488
Base$55,161
Scroll$5,008
ZKsync Era$2,495
OP Mainnet$2,414
Blast$863.08
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 APY2.36%
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 $1.133b in total value locked. TVL has increased 3.5% 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 $2.26m in fees. Of that, $101,723 was protocol revenue. Based on the trailing year, the annualized rate is $38.55m in fees and $2.56m 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 $1.455b across 28 protocols, and Kelp accounts for 77.9% 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.