Kelp(KERNEL)
Total Value Locked$1.029b
TVL by Chain
Ethereum$1.029b
Key Metrics
Fees 30d$2.35m
Fees 30d by chain
Ethereum$2.2m
Arbitrum$93,388
Base$55,741
Scroll$1,099
Blast$208.96
ZKsync Era$181.14
OP Mainnet$58.48
Linea$34.76
Fees 7d$495,494
Ethereum$472,505
Arbitrum$20,877
Base$1,758
Scroll$245.65
Blast$46.88
ZKsync Era$40.59
OP Mainnet$13.08
Linea$7.77
Fees 24h$47,845
Ethereum$45,769
Arbitrum$2,041
Scroll$24
Blast$4.60
ZKsync Era$3.96
OP Mainnet$1.28
Linea$0.76
Base$0.41
Cumulative Fees$86.53m
Ethereum$80.16m
Arbitrum$3.19m
Linea$1.49m
Base$1.39m
Scroll$128,936
OP Mainnet$71,149
ZKsync Era$70,609
Blast$23,289
Revenue 30d$110,041
Revenue 30d by chain
Ethereum$102,890
Arbitrum$4,454
Base$2,619
Scroll$52.46
Blast$10.03
ZKsync Era$8.63
OP Mainnet$2.78
Linea$1.66
Revenue 7d$24,778
Ethereum$23,626
Arbitrum$1,045
Base$88.18
Scroll$12.30
Blast$2.34
ZKsync Era$2.03
OP Mainnet$0.64
Linea$0.40
Revenue 24h$2,392
Ethereum$2,288
Arbitrum$102
Scroll$1.20
Blast$0.23
ZKsync Era$0.20
OP Mainnet$0.06
Linea$0.04
Base$0.02
Cumulative Revenue$6.15m
Ethereum$5.91m
Arbitrum$120,046
Base$55,553
Linea$55,506
Scroll$5,035
ZKsync Era$2,500
OP Mainnet$2,418
Blast$866.56
Holders Revenue 30d$0
Holders Revenue 30d by chain
Arbitrum$0
Base$0
Blast$0
Ethereum$0
Linea$0
OP Mainnet$0
Scroll$0
ZKsync Era$0
Holders Revenue 7d$0
Arbitrum$0
Base$0
Blast$0
Ethereum$0
Linea$0
OP Mainnet$0
Scroll$0
ZKsync Era$0
Holders Revenue 24h$0
Arbitrum$0
Base$0
Blast$0
Ethereum$0
Linea$0
OP Mainnet$0
Scroll$0
ZKsync Era$0
Cumulative Holders Revenue$0
Arbitrum$0
Base$0
Blast$0
Ethereum$0
Linea$0
OP Mainnet$0
Scroll$0
ZKsync Era$0
Total Raised$9m
May 22, 2024$9mRound: PrivateInvestors: SCB Limited, Laser Digital, Bankless Ventures, Hypersphere Ventures, Draper Dragon, DACM, Cypher Capital, ArkStream Capital, Cluster Capital, GSR, Longhash Ventures, Side Door Ventures, NOIA Capital, HTX Ventures, Avid3, ViaBTC Capital, DWF Ventures, Coinseeker.co, Tulipa Capital, Scott Moore, Alex Karl Svanevik, Sam Kazemian, Marc Zeller, Amrit Kumar, Anthony Lesoismein, Winslow Strong
Protocol Information
Kelp is the second largest liquid restaking protocol with ~$2B+ in TVL. Its liquid restaked token, rsETH, is live across 10+ major L2s and 40+ DeFi platforms, allowing users to restake while maintaining full liquidity.
Audits:
Methodology
TVL: deposited LSTs in deposit pool, node delegator contracts and from them into eigenlayer strategy contractsView code on GitHubFees: Sum of total staking rewards from rsETH (ETH staking rewards + EIGEN rewards), agETH management fees, and hgETH management/performance fees.View code on GitHubRevenue: Protocol fees from rsETH (on-chain protocol fee on staking rewards), agETH management fees (2%), hgETH management fees (1.5%), and hgETH performance fees (20% of positive rate delta).View code on GitHubHolders Revenue: View code on GitHubYields
Pools Tracked1
Average Supply APY2.26%
User Activity
Active Addresses (24h)11
Transactions (24h)12
Hacks
Date: Apr 18, 2026
Amount: $293m
Classification: Bridge & Cross-Chain
Technique: Cross-Chain Message Spoofing
Chains: Ethereum, Arbitrum
Bridge Hack
Language: Solidity
Target Type: DeFi Protocol
Competitors
Frequently Asked Questions
What is Kelp's TVL?
Kelp currently has $1.029b in total value locked. TVL has decreased 6.8% over the past 30 days.
What chains does Kelp operate on?
Kelp operates on 8 chains: Ethereum, Arbitrum, Scroll, OP Mainnet, and Base and 3 others. Ethereum holds the largest share at 100%.
How much has Kelp generated in fees and revenue?
Over the past 30 days, Kelp generated $2.35m in fees. Of that, $110,041 was protocol revenue. Based on the trailing year, the annualized rate is $37.06m in fees and $2.4m in revenue.
How does Kelp's TVL compare to similar protocols?
Among Liquid Restaking protocols tracked by DefiLlama, Kelp ranks #1 by TVL. The category holds $1.324b across 28 protocols, and Kelp accounts for 77.9% of that total. Other leading protocols include Renzo, Zero-G Finance, Affine Restaking, Mantle Restaking, Swell Liquid Restaking, Puffer Stake, Bedrock uniETH, Mellow Restaking, InceptionLRT (Isolated Restaking), and Eigenpie.
How many yield pools does Kelp have?
DefiLlama tracks 1 Kelp yield pool with an average APY of 2.3%.
Has Kelp ever been exploited?
Kelp has 1 recorded security incident. The most recent incident occurred on Apr 18, 2026 and involved $293m. It was classified as Bridge & Cross-Chain.