This protocol includes unproductive positions that may contribute to inflated metrics. This is the second time. Be safe.

Ask about Pell Network
Logo of Pell NetworkPell Network
Total Value Locked$220,114

TVL by Chain

Bitlayer$77,055

BSC$64,348

BOB$50,935

BSquared$7,546

CORE$6,840

Merlin$3,057

Ethereum$2,618

Arbitrum$1,922

Rootstock$1,735

Base$1,349

IoTeX$1,279

Mantle$1,275

AILayer$62.44

ZetaChain$58.9

GOAT$17.49

Hemi$15.2

HashKey Chain$0.95

BEVM$0

Plume Mainnet$0

Scroll$0

Key Metrics

Total Raised$6.5m

Oct 15, 2024$3mRound: Pre-SeedInvestors: Mirana Ventures, Halo Capital, Paper Ventures, ArkStream Capital, Cogitent Ventures, Calib3r, Contribution Capital, Delta Blockchain Fund, D11 Labs, Mantle Network, Sats Ventures, Side Door Ventures, Web3Port Foundation, Bitcoin Frontier Fund

Jan 27, 2025$3.5mRound: StrategicInvestors: D11 Labs, Web3Port , ArkStream Capital, Taisu Ventures, Core Ventures, GoPlus Security, Astrarizon Ventures, MultiversX

Protocol Information

Pell uses BTC and its LSD to provide actively validated services (AVS) to BTC ecosystem projects, plug the gap in ecosystem security, reduce cost to develop ecosystem applications and optimise yield avenue for BTC holders. Pell aims to become the largest shared liquidity and cryptonomic security layer in the BTC ecosystem across market cycles

Category:Restaking

Audits:

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Methodology

TVL: Total value of all coins held in the smart contracts of the protocolView code on GitHub

Competitors

OpenGDP Shared Security ($6.52m)EigenCloud ($4.892b)Symbiotic ($321.17m)b14g ($205.8m)Parasail ($2.7m)Kernel ($1.13m)Allstake ($787,737)Binlayer ($376.54)