Pell Network has already achieved significant traction with deployments on 20 chains, including BNB Smart Chain, Core, Babylon, Mantle, and Ethereum. The secured funds will be used to develop Pell’s innovative network, which aims to construct an omnichain DVS network powered by restaking using liquid staking tokens (LST).
The company plans to break down barriers between siloed blockchains and foster the long-term sustainability of the entire ecosystem.
Pell Network, an innovative startup focused on Omnichain Decentralized Validation Services (DVS), announced it had secured $3 million in a recently concluded pre-seed funding round. It has accumulated over $300 million in Total Value Locked (TVL) and more than 430,000 stakers across its Omnichain Restaking Network.
