Ask about Pell Network · freeTotal Value Locked$187,685
TVL by Chain
Bitlayer$100,456
BSC$43,871
BOB$13,138
CORE$8,713
BSquared$7,661
Merlin$3,641
Ethereum$3,228
Rootstock$2,166
IoTeX$2,157
Arbitrum$1,647
Mantle$885.86
AILayer$82.52
Hemi$16.87
ZetaChain$12.75
GOAT$8.44
HSK Chain$0.87
BEVM$0
Plume Mainnet$0
Base$0
Scroll$0
Key Metrics
Market Cap$38,282
$PELL Price$0.00011
Fully Diluted Valuation$239,260
$PELL Volume 24h$1,416
CEX Volume$1,416
DEX Volume$0(0% of total)
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
Audits:
Methodology
TVL: Total value of all coins held in the smart contracts of the protocolView code on GitHubCompetitors
Pell Network history
TVL is the default DefiLlama definition. Daily values are UTC snapshots from May 29, 2024 to Oct 21, 2026.
All-time high TVL: $596.03m on Dec 12, 2024. All-time low TVL: $176,532 on Jul 24, 2026.
Daily TVL, Sep 22, 2026 to Oct 21, 2026
| Date | TVL |
|---|---|
| Sep 22, 2026 | $245,920 |
| Sep 23, 2026 | $245,614 |
| Sep 24, 2026 | $241,493 |
| Sep 25, 2026 | $240,612 |
| Sep 26, 2026 | $239,686 |
| Sep 27, 2026 | $239,882 |
| Sep 28, 2026 | $240,791 |
| Sep 29, 2026 | $235,737 |
| Sep 30, 2026 | $237,699 |
| Oct 1, 2026 | $237,595 |
| Oct 2, 2026 | $240,953 |
| Oct 3, 2026 | $240,647 |
| Oct 4, 2026 | $240,964 |
| Oct 5, 2026 | $244,941 |
| Oct 6, 2026 | $243,391 |
| Oct 7, 2026 | $242,390 |
| Oct 8, 2026 | $236,497 |
| Oct 9, 2026 | $232,308 |
| Oct 10, 2026 | $234,443 |
| Oct 11, 2026 | $234,162 |
| Oct 12, 2026 | $236,996 |
| Oct 13, 2026 | $231,931 |
| Oct 14, 2026 | $235,843 |
| Oct 15, 2026 | $231,646 |
| Oct 16, 2026 | $233,340 |
| Oct 17, 2026 | $231,694 |
| Oct 18, 2026 | $183,216 |
| Oct 19, 2026 | $232,434 |
| Oct 20, 2026 | $231,760 |
| Oct 21, 2026 | $234,966 |
TVL at each month end, Nov 2024 to Oct 2026
| Date | TVL |
|---|---|
| Nov 30, 2024 | $559.33m |
| Dec 31, 2024 | $327.97m |
| Jan 31, 2025 | $373.67m |
| Feb 28, 2025 | $226.64m |
| Mar 31, 2025 | $316.04m |
| Apr 30, 2025 | $320.5m |
| May 31, 2025 | $419.7m |
| Jun 30, 2025 | $430.07m |
| Jul 31, 2025 | $239.03m |
| Aug 31, 2025 | $313.72m |
| Sep 30, 2025 | $461.02m |
| Oct 31, 2025 | $379.39m |
| Nov 30, 2025 | $216.97m |
| Dec 31, 2025 | $563,875 |
| Jan 31, 2026 | $521,735 |
| Feb 28, 2026 | $6.09m |
| Mar 31, 2026 | $411,614 |
| Apr 30, 2026 | $298,979 |
| May 31, 2026 | $279,153 |
| Jun 30, 2026 | $221,503 |
| Jul 31, 2026 | $213,019 |
| Aug 28, 2026 | $231,110 |
| Sep 30, 2026 | $237,699 |
| Oct 21, 2026 (latest) | $234,966 |
TVL at each year end, Dec 31, 2024 to Dec 31, 2025
| Date | TVL |
|---|---|
| Dec 31, 2024 | $327.97m |
| Dec 31, 2025 | $563,875 |
The .csv export on the chart above downloads every daily value. The same data is in the public API: https://api.llama.fi/protocol/pell-network
Frequently asked questions
What is Pell Network's TVL?
As of Oct 21, 2026, Pell Network has $187,685 in total value locked. TVL has decreased 19.4% over the past 30 days.
What chains does Pell Network operate on?
Pell Network operates on 20 chains: Bitlayer, BSC, BOB, CORE, and BSquared and 15 others. Bitlayer holds the largest share at 53.5%.
What is the PELL token price and valuation?
PELL is currently trading at $0.00011. Its circulating market capitalization is $38,282, ranking it #8,059. Its fully diluted valuation is $239,260. Supply currently stands at 336m circulating, 2.1b total supply, 2.1b maximum supply.
How has PELL performed recently?
PELL is up 24% over the past 7 days and down 12.9% over the past 30 days. Its all-time high is $0.025, reached on Mar 14, 2025. The token is currently 99.5% below that level.
How does Pell Network's TVL compare to similar protocols?
Among Restaking protocols tracked by DefiLlama, Pell Network ranks #11 by TVL. The category holds $10.187b across 13 protocols, and Pell Network accounts for <0.1% of that total. Similar protocols include OpenGDP Shared Security, EigenCloud, b14g, Parasail, Kernel, Allstake, Binlayer, Babylon Protocol, Jito Restaking, and Solayer Restaking.