Data: The first AVS network in the Bitcoin ecosystem, Pell Network, has a TVL exceeding 170 million USD

2024-06-11 19:11:23

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According to ChainCatcher news, the official announcement states that the first active validation service (AVS) network built on a re-staking protocol in the Bitcoin ecosystem, Pell Network, has surpassed a TVL of $170 million. Pell has been deployed on BNB Chain, Bitlayer, Merlin Chain, and BounceBit, with over 16,000 users participating in staking.

To accelerate the closure of the entire AVS ecosystem construction loop, Pell has also partnered with the industry-leading node operation service platform Edgevana.

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Bitcoin AVS Pell Network TVL

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