Ask about Pell Network · freeTotal Value Locked$210,511
TVL by Chain
Bitlayer$88,168
BOB$49,073
BSC$44,560
CORE$7,617
BSquared$6,697
Merlin$3,370
Ethereum$2,980
Arbitrum$1,957
Rootstock$1,896
IoTeX$1,457
Base$1,337
Mantle$1,224
AILayer$74.90
ZetaChain$70.23
Hemi$21.02
GOAT$7.35
HSK Chain$0.83
BEVM$0
Plume Mainnet$0
Scroll$0
Key Metrics
Market Cap$37,328
$PELL Price$0.00011
Fully Diluted Valuation$233,303
$PELL Volume 24h$109.82
CEX Volume$109.82
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:
Pell Network history
TVL is the default DefiLlama definition. Daily values are UTC snapshots from May 29, 2024 to Nov 11, 2026.
All-time high TVL: $596.03m on Dec 12, 2024. All-time low TVL: $172,026 on Nov 8, 2026.
Daily TVL, Oct 13, 2026 to Nov 11, 2026
| Date | TVL |
|---|---|
| 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 |
| Oct 22, 2026 | $187,445 |
| Oct 23, 2026 | $230,907 |
| Oct 24, 2026 | $229,500 |
| Oct 25, 2026 | $227,652 |
| Oct 26, 2026 | $226,549 |
| Oct 27, 2026 | $226,191 |
| Oct 28, 2026 | $228,832 |
| Oct 29, 2026 | $228,729 |
| Oct 30, 2026 | $217,998 |
| Oct 31, 2026 | $219,970 |
| Nov 1, 2026 | $220,618 |
| Nov 2, 2026 | $221,991 |
| Nov 3, 2026 | $218,162 |
| Nov 4, 2026 | $221,261 |
| Nov 5, 2026 | $227,939 |
| Nov 6, 2026 | $217,364 |
| Nov 7, 2026 | $172,347 |
| Nov 8, 2026 | $172,026 |
| Nov 9, 2026 | $213,790 |
| Nov 10, 2026 | $213,586 |
| Nov 11, 2026 | $210,233 |
TVL at each month end, Dec 2024 to Nov 2026
| Date | TVL |
|---|---|
| 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 31, 2026 | $219,970 |
| Nov 11, 2026 (latest) | $210,233 |
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 Nov 11, 2026, Pell Network has $210,511 in total value locked. TVL has decreased 11.2% over the past 30 days.
What chains does Pell Network operate on?
Pell Network operates on 20 chains: Bitlayer, BOB, BSC, CORE, and BSquared and 15 others. Bitlayer holds the largest share at 41.9%.
What is the PELL token price and valuation?
PELL is currently trading at $0.00011. Its circulating market capitalization is $37,328, ranking it #8,979. Its fully diluted valuation is $233,303. Supply currently stands at 336m circulating, 2.1b total supply, 2.1b maximum supply.
How has PELL performed recently?
PELL is down 0.2% over the past 7 days and down 7% over the past 30 days. Its all-time high is $0.025, reached on Mar 14, 2025. The token is currently 99.6% below that level.
How does Pell Network's TVL compare to similar protocols?
Among Restaking protocols tracked by DefiLlama, Pell Network ranks #12 by TVL. The category holds $8.497b across 14 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.