What Pell Network does

Pell Network is a 2024-founded blockchain infrastructure company that operates an omnichain Bitcoin restaking network designed to provide cryptoeconomic security to decentralized applications in the BTCFi ecosystem. The platform enables Bitcoin holders and Liquid Staking Token (LST) holders to restake assets across more than 20 blockchain networks from a single interface, earning multi-layered yields from validator incentives and protocol rewards. Its core product suite comprises Pell Restake (yield generation), Pell Delegate (asset delegation to preferred applications), and Pell Secure (cryptoeconomic security provisioning for decentralized services), supported by a live testnet and self-serve web application at app.pell.network.

Underlying technology is built on restaking and LST infrastructure, with Pell functioning as a Decentralized Validation Services (DVS) network. It operates a two-sided marketplace: BTC/LST holders supply security by restaking assets, while AVS (Actively Validated Service) developers consume that security to build validated services spanning oracles, data availability, cross-chain infrastructure, threshold and FHE cryptography, and AI execution use cases. Pell does not charge disclosed protocol fees at this stage; instead, the platform drives adoption via gamified point campaigns, exchange airdrop collaborations, and a referral-driven product-led growth motion.

The company serves two primary segments: (1) BTC and LST holders seeking to maximize yield on idle Bitcoin capital, and (2) Bitcoin ecosystem developers building decentralized infrastructure requiring shared cryptoeconomic security. Distribution relies on direct-to-user self-serve onboarding, exchange integrations with Binance, Bybit Web3, Gate.io, Bitlayer, and Core DAO, plus developer relations through GitHub, GitBook documentation, and conference participation across APAC markets. Pell is headquartered in Singapore and is currently in testnet phase, having raised approximately $6.5 million in pre-seed and follow-on funding from Paper Ventures, Halo Capital, Mirana Ventures, ArkStream Capital, MultiversX, GoPlus Security, and Web3Port.

Name

Pell Network

Legal name

Pell

Website

https://pell.network

Company type

Private

Founded year

2024

Operating status

Operating

Headcount range

11–50 employees

Short description

Pell Network operates an omnichain Bitcoin restaking network that lets BTC and LST holders earn multi-layered yields across 20+ chains, while providing cryptoeconomic security to developers building Actively Validated Services on Bitcoin.

Ownership category

akta.pro rank

Product category

Bitcoin Restaking Infrastructure

NAICS

Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320)

SIC

Security & Commodity Brokers, Dealers, Exchanges & Services (6200)

akta.pro primary industry

Restaking & Shared Security Services (FSADAHAH)

akta.pro secondary industries

Staking Infrastructure & Validator Enablement (Middleware, Slashing Protection, MEV Relays) (FSADAHAJ), Custodial Staking Providers (FSADAHAG)

Keywords

• Bitcoin restaking
• Cryptoeconomic security
• Decentralized validation services
• BTCFi infrastructure
• Omnichain staking

Headquarters

HQ city

Singapore

HQ country

Singapore

HQ region

Asia

Markets served

GTM type

B2C

Offering type

Software

Cost components

Technology or R&D, Personnel, Marketing or Sales, Infrastructure, Operations

Go-to-market motion1 record

Distribution channels3 records

Marketing channels6 records

Core offering

Pell Network operates an omnichain Bitcoin restaking platform that lets BTC and Liquid Staking Token holders restake across multiple blockchains to earn multi-layered yields, while providing cryptoeconomic security to Actively Validated Services (AVS) built on the Bitcoin ecosystem. It functions as a Decentralized Validation Services (DVS) network connecting restakers (security suppliers) with AVS developers (security consumers) via a unified token economy for security leasing.

Product overview

Pell Network is a single unified product offering — The First & Omnichain Bitcoin Restaking Network for BTCFi. It provides an omnichain Decentralized Validation Services (DVS) network that connects siloed blockchains using restaking and Liquid Staking Tokens. The core offering consists of Pell Restake (for earning yields from restaking), Pell Delegate (for delegating assets to applications), Pell Secure (for validating and securing decentralized services), and Pell Testnet (for pre-mainnet testing). The platform enables stakers to scale BTC yield with secure restaking while providing developers an efficient way to build validated services across nearly 20 blockchain networks, with over $300 million in TVL already deployed.

Differentiator

Problem solved

Functional benefit

Products and services

• Pell Network Restaking Platform Omnichain Bitcoin restaking platform accessible at app.pell.network that allows users to restake BTC and Liquid Staking Tokens across multiple chains to earn multi-layered validator yields, delegate assets to favorite applications, and secure AVS on the Bitcoin ecosystem.
• Pell Testnet Testnet environment for Pell Network allowing users and developers to explore and test the omnichain BTC restaking functionality prior to mainnet deployment.

Quantifiable outcome

• Over $300 million in TVL across 20+ chains as of October 2024

Segments2 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Six partnerships are on record, tiered core and minor.

• BinancecoreGTM or Marketing PartnerBinance partnered with Pell for the BTCFi Carnival campaign, where users restaking at least 10 USDT or 0.0001 BTC worth of WBTC/SolvBTC/uniBTC/stBTC on Bitlayer could complete tasks for a chance to win from a $120K $BTR pool.
• Bybit Web3coreGTM or Marketing PartnerBybit Web3 partnered with Pell for a joint airdrop campaign where users following and RT-ing and restaking 10 USDT/USDC or 0.0001 BTC on Pell could share a 210,000 $PELL reward pool.
• Gate.iocoreGTM or Marketing PartnerGate.io partnered with Pell for an airdrop campaign where users complete tasks to share 500,000 Pell Points.
• BitlayercoreChannel Partner/ Reseller/ DistributorBitlayer partnered with Pell for the BTCFi Carnival campaign, serving as the platform where users deposit WBTC/SolvBTC/uniBTC/stBTC to participate in Pell restaking campaigns with rewards.
• IoTexminorGTM or Marketing PartnerIoTex partnered with Pell for the IoTex Turbo Boost campaign, unlocking $20,000 in $IOTX lucky raffle and multiple yields for participants.
• Core DAOcoreGTM or Marketing PartnerCore DAO partnered with Pell for the Bitcoin Fusion event where Pell participated in a BTCFi panel discussion and engaged with the Bitcoin staking community.

Scale indicators3 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Babylon: Babylon is the leading native Bitcoin staking protocol and a publicly disclosed Pell investor. Both compete for BTC capital seeking yield through staking/restaking, making it the most direct comparable in BTCFi.
• EigenLayer: EigenLayer pioneered the restaking + AVS marketplace model on Ethereum. Pell replicates the same economic architecture for the Bitcoin ecosystem, making EigenLayer the closest conceptual analog even though it is ETH-focused.
• Lombard Finance: Lombard issues LBTC, a liquid Bitcoin staking token, and is building BTCFi DeFi infrastructure including restaking. It is a direct competitor for BTC holder yield and for AVS-style security supply.
• Symbiotic: Symbiotic is a generalized restaking and shared-security protocol. While more general-purpose and Ethereum-aligned, it operates in the same restaking-and-AVS marketplace category as Pell.
• Karak: Karak is a multichain restaking network that shares security across AVS. It is a direct competitor to Pell's DVS network with similar two-sided marketplace mechanics.
• Solv Protocol: Solv issues SolvBTC, a Bitcoin LST that is one of the assets Pell supports for restaking. Solv competes with Pell on BTCFi yield aggregation and LST issuance.
• Bedrock: Bedrock is a multi-asset liquid restaking protocol (including uniBTC for Bitcoin). It competes directly with Pell for BTC restaking capital and AVS security supply.

Broad incumbents

• Core DAO: Core DAO is a major Bitcoin-aligned EVM chain with its own BTC staking and restaking primitives. It is both a Pell GTM partner and a broader incumbent in Bitcoin staking.

Emerging players

• Chainbase: Chainbase is an AVS partner that consumes Pell's restaked security for its omnichain data network. It represents the demand side of Pell's security marketplace and is itself a Web3 infrastructure emerging player.

Others

• InfStones: InfStones is a Web3 infrastructure provider and a listed Pell operator partner. It is comparable as a node/validator operator infrastructure enabler in the same ecosystem rather than a direct product competitor.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights5 records

Customer concentration

• Xx.com/Pell_Network
• GitHubgithub.com/0xPellNetwork
• Facebookfacebook.com/profile.php
• LinkedInlinkedin.com/company/pell-network

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds2 records

Investors20 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Pell Network