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Pell Network Review 2026: Omnichain BTC Restaking

Pell Network is an omnichain BTC restaking protocol that lets holders of Bitcoin and BTC liquid staking tokens secure validated services. DefiLlama shows very small TVL of about $227,000, so treat it as an early and high-risk niche project.

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By the DappsAtlas editorial team · Updated Nov 4, 2026

DappsAtlas score

5.2/10

Mixed

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Our verdict on Pell Network

5.2/10

Pell Network suits experienced DeFi users who want to explore Bitcoin restaking and accept early-stage risk. Its main strength is a clear focus on BTC and BTC liquid staking tokens across about 20 chains. The main caveat is size: TVL of roughly $227,000 is small, only one audit is listed, and fees and slashing terms are not public. Treat it as a small experimental position at most, and read the docs first.

Score breakdown

How Pell Network scores

Security: 4.5/10
Ease of use: n/a
Fees: n/a
Features: 6.0/10

Scores run from 0 to 10 and are based only on facts we could verify. Where information was missing we mark the score n/a rather than guess.

What is Pell Network?

Pell Network is a BTC restaking protocol. It describes itself as an omnichain network for BTCFi, built to extend Bitcoin into the cryptoeconomic security domain. Holders of Bitcoin and BTC liquid staking derivatives restake them to secure validated services.

DefiLlama lists it in the Restaking category, with a listing date of 29 May 2024. The listed chains include Ethereum, Arbitrum, Base, Mantle, Scroll, BNB Chain and a group of Bitcoin-focused networks such as Bitlayer, BOB, Merlin, Core, B Squared and Rootstock. DefiLlama shows one audit.

Current TVL is about $227,136, down 0.8% over seven days. That is small for a project spread over this many chains. It suggests limited adoption, or that most activity sits elsewhere. Third-party results mention an integration with Core in August 2024 and a PELL token, but the project does not give details beyond that.

How Pell Network works

Restaking lets an already staked or liquid-staked asset be put to work a second time. In Pell's case, holders of Bitcoin and BTC liquid staking derivatives deposit them into the network, and those assets act as security for other services.

These services are called decentralized validated services (DVS), or AVS. Projects in the Bitcoin ecosystem that lack their own security can rent it from Pell instead of building a validator set from scratch. In return, restakers expect extra rewards.

Pell calls itself omnichain, meaning it operates across many chains. DefiLlama lists around 20, from Ethereum and Arbitrum to Bitcoin-oriented networks such as Bitlayer, BOB and Merlin. The exact reward and slashing mechanics are not set out reviewed.

6 features

Key features

Omnichain restaking

Pell describes itself as an omnichain network, so BTC-based assets can be restaked from many chains rather than a single one.

BTC and LSD collateral

The protocol accepts Bitcoin and its liquid staking derivatives to provide shared security for other services.

DVS/AVS network

Pell builds a decentralized validated service network, called DVS or AVS, that projects can use for cryptoeconomic security.

Wide chain coverage

DefiLlama lists around 20 chains, including Bitcoin-linked networks such as Bitlayer, BOB, Merlin and Core alongside Ethereum.

Yield for BTC holders

The project says it aims to give BTC holders a way to earn yield beyond simple holding or standard staking.

PELL token

Public sources name PELL as the token, and DefiLlama tracks it under the Restaking category.

Pros and cons

What we like

Focuses on a clear niche: restaking for Bitcoin and BTC liquid staking tokens.
Supports around 20 chains, including several Bitcoin-oriented networks.
DefiLlama lists one audit.
Has a native token, PELL, and public documentation and coverage from third parties.
Has been listed since May 2024, so it has some operating history.

Watch out for

TVL is only about $227,000 according to DefiLlama, which is small for a restaking network spread over 20 chains.
Only one audit is listed, and the project does not name the auditor or scope.
Restaking adds layers of risk: smart contracts, bridges, the underlying BTC liquid staking tokens and validated-service slashing.
Fees, reward rates and slashing terms are not published publicly reviewed.
Liquidity is split across many chains, which can make cross-chain bridging and wrapped assets a source of extra risk.
Homepage is minimal, so product details rest mostly on third-party summaries.

Pell Network fees

Fees are not published publicly reviewed. That includes deposit, withdrawal, performance or protocol fees, and any cut taken from restaking rewards.

Users should check the official app and documentation for fee details before depositing. Also remember that gas and bridging costs on each chain are separate and depend on the network used.

Is Pell Network safe?

DefiLlama lists one audit for Pell, but the project does not name the auditor, the date or the findings. An audit reduces risk but does not remove it. Public sources also include no information on incidents, custody design or admin controls.

Restaking stacks several risks: smart-contract bugs, bridge and wrapped-asset risk across many chains, dependence on the underlying liquid staking tokens, and possible slashing from the services secured. With TVL near $227,000, the protocol has not been tested by large deposits. Check the official docs and only commit funds you can afford to lose.

6 steps

How to get started with Pell Network

1
Read the official site and documentation to understand how Pell restaking works and which BTC assets are supported.
2
Check that your BTC or liquid staking token is supported on one of the listed chains.
3
Review the audit information and the slashing and withdrawal terms before depositing.
4
Use a wallet compatible with your chosen chain and confirm you are on the official site.
5
Start with a small amount to learn the deposit and withdrawal flow.
6
Monitor your position and the risks of the services it secures.

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Who Pell Network is for

Pell is aimed at Bitcoin holders and BTC liquid staking token users who are comfortable with DeFi and want extra yield from restaking. It also targets Bitcoin-ecosystem projects looking for shared security. Beginners and anyone who cannot tolerate smart-contract or slashing risk should be cautious.

Pell Network FAQs

What is Pell Network?

Pell Network is a BTC restaking network. It lets holders of Bitcoin and Bitcoin liquid staking derivatives restake those assets to help secure decentralized validated services (DVS, also called AVS) across several chains.

What is BTC restaking?

Restaking means reusing an already staked or liquid-staked asset to secure additional services, in exchange for extra rewards. The extra yield comes with extra risk, because the asset can be penalised if a service it secures misbehaves.

Does Pell Network have a token?

Yes. Public sources name PELL as the project's token. Public sources reviewed do not give the full utility, supply or emission details, so check the official tokenomics before acting.

Which chains does Pell Network support?

DefiLlama lists Pell on bitlayer, bob, bnb-chain, core, bsquared, ethereum, merlin, rsk, arbitrum, iotex, base, mantle, ailayer, hemi, zetachain, goat, hashkey-chain, bevm, plume-mainnet and scroll.

Is Pell Network safe?

No restaking protocol is risk-free. DefiLlama lists one audit, but smart-contract bugs, slashing, bridge failures and weak liquidity remain possible. TVL is small, and public sources show no track record of large-scale use.

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