Kelp
$945.1M +0.5%24hValue locked
- Value locked
- $945.1M
- 7 days
- −3.9%
- 30 days
- −17.2%
- Fees per day
- $69.02K7-day average
- Fees / value locked
- 2.7%annualised
- Chains
- 1
About Kelp
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.
As of 23 Oct 2026, Kelp holds $945.1M in value locked on Ethereum, which ranks it #55 among all the protocols we track. Thirty days ago it ranked about #53. It is the largest of 11 liquid restaking protocols, with 77% of the sector's value locked; Renzo follows with $110.0M. Its value locked is down 3.9% over seven days and down 17.2% over 30 days. Users paid an average of $69.02K a day in fees over the last seven days; a year at that pace would equal 2.7% of its value locked, against a sector median of 2.7%.
Value locked by chain
Largest liquid restaking protocols
Full sector| # | Protocol | Chains | Value locked | 7d | Fees/day |
|---|---|---|---|---|---|
| 1 | Kelp | Ethereum | $945.1M | −3.9% | $69.02K |
| 2 |  Renzo | Ethereum, Linea +11 | $110.0M | +1.8% | $4.50K |
| 3 |  Mantle Restaking | Ethereum | $38.76M | +0.1% | $5.24K |
| 4 |  Swell Liquid Restaking | Ethereum | $29.14M | +4.6% | $224.9K |
| 5 |  Puffer Stake | Ethereum | $27.39M | −0.5% | $0 |
| 6 |  Bedrock uniETH | Ethereum | $24.69M | −0.5% | $27 |
| 7 |  Mellow Restaking | Ethereum, BNB Chain +2 | $23.85M | −1.9% | $67.50K |
| 8 |  Kyros | Solana | $12.89M | +2.7% | $1.77K |
