Pell Network, the first AVS network based on the Bitcoin ecosystem's re-staking protocol, has a TVL of over $170 million

According to BlockBeats, on June 11, the Pell Network TVL, the first active verification service (AVS) network built on the Bitcoin ecosystem based on the re-staking protocol, exceeded $170 million. Pell has been deployed on BNB Chain, Bitlayer, Merlin Chain, and BounceBit, and more than 16,000 users have participated in staking. In order to accelerate the closed-loop construction of the entire AVS ecosystem, Pell has also reached a cooperation with Edgevana, an industry-leading node operation service platform.