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$206,927.77

TVL by Chain

Bitlayer$76,752.05

BSC$61,875.87

BOB$41,532.77

BSquared$7,433.45

CORE$6,759.88

Merlin$3,006.48

Ethereum$2,560.93

Arbitrum$1,841.35

Rootstock$1,718.17

Mantle$1,141.15

IoTeX$1,104.67

Base$1,073.38

AILayer$62.07

ZetaChain$28.48

Hemi$18.94

GOAT$17.25

HashKey Chain$0.86

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:

WebsiteTwitter

Methodology

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

Competitors

OpenGDP Shared Security ($6.53m)EigenCloud ($5.017b)b14g ($204.02m)Parasail ($2.31m)Kernel ($1.12m)Allstake ($695,536.18)Binlayer ($374.63)

Frequently Asked Questions

What is Pell Network?

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

What is Pell Network's TVL?

Pell Network currently has $206,927.77 in total value locked. TVL has decreased 11.1% over the past 30 days.

What chains does Pell Network operate on?

Pell Network operates on 20 chains: BEVM, Base, Plume Mainnet, HashKey Chain, and Scroll and 15 others. Bitlayer holds the largest share at 37.1%.

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 $7.881b across 13 protocols, and Pell Network accounts for <0.1% of that total. Other leading protocols include EigenCloud, Babylon Protocol, and b14g.