Octopus Network

Description sourced from DeFiLlama's protocol metadata; teams submit their own copy when listing.

Octopus Network's governance or utility token carries a market capitalisation of $423.1K based on circulating supply at the latest DeFiLlama snapshot.

Market cap and supply figures are sourced from DeFiLlama's price feed (which reconciles CoinGecko, CoinMarketCap, and on-chain DEX prices). Treasury and staking values reflect on-chain balances controlled by the protocol at last sync.

Major events flagged by the DeFiLlama community — protocol launches, exploits, governance changes, and incentive programs.

1. Feb 9, 2024
   Listed on DeFiLlama

Octopus Network is a Restaking protocol that issues liquid receipt tokens against staked deposits, so users earn validator rewards without locking up the underlying asset. It is deployed on Near. The codebase has been independently audited (1 report on file).

Octopus Network is a single-chain protocol, deployed exclusively on Near — this concentrates execution risk but simplifies the trust model. Only one audit report is currently listed; users should weigh that against the protocol's TVL before depositing significant amounts.

Verified external resources for Octopus Network — use these to read the source code, follow governance discussions, or cross-check on-chain data against the original team's channels.

Octopus Network is one of 7 Restaking protocols Mantapex tracks in this category. Direct peers ranked by total value locked include EigenCloud, Babylon Protocol, Symbiotic, and 3 more. These peer protocols collectively secure $12.9B in deposits, giving you a frame of reference for whether Octopus Network's own TVL is at the top, middle, or tail of the category.

EigenCloud

TVL $10.2B · 24h +0.49%

Babylon Protocol

TVL $1.9B · 24h +0.27%

Symbiotic

TVL $535.4M · 24h +11.25%

b14g

TVL $244.4M · 24h +0.12%

OpenGDP Shared Security

TVL $33.3M · 24h -0.24%

Jito Restaking

TVL $18.4M · 24h -0.14%