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InformationTVL

Pell Network

Total Value Locked$376.86m

TVL by Chain

Plume Mainnet$176.07m

BounceBit$70m

Goat$47.09m

CORE$35.82m

BOB$33.57m

Arbitrum$6.88m

ZetaChain$5.29m

BSC$1.72m

Bitlayer$230,882

IoTeX$86,064

BSquared$24,963

Ethereum$24,138

Merlin$20,496

Mantle$10,857

Rootstock$4,001

Base$2,153

BEVM$1,612

Scroll$398.71

AILayer$115.01

Hemi$29.73

HashKey Chain$5.31

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 FundSource: https://x.com/Pell_Network/status/1846162186818998315

Jan 27, 2025$3.5mRound: StrategicInvestors: D11 Labs, Web3Port , ArkStream Capital, Taisu Ventures, Core Ventures, GoPlus Security, Astrarizon Ventures, MultiversXSource: https://x.com/Pell_Network/status/1883855520471380247

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

Karak ($278.04m)EigenLayer ($20.584b)Symbiotic ($1.461b)b14g ($307.64m)Kernel ($151.03m)Parasail ($29.88m)Allstake ($4.19m)Binlayer ($533.19)