OpenGPU

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

OpenGPU's governance or utility token carries a market capitalisation of $1.7M based on circulating supply at the latest DeFiLlama snapshot. The market is pricing the token ($1.7M) above the protocol's on-chain TVL ($295.4) — a mcap/TVL multiple of 5916.94× implies investors are paying for expected future fee flows rather than current deposits alone. A further $5.4K sits in the protocol's native staking modules — these deposits are typically locked, vote-bonded, or earning a share of fees, and they reduce the freely circulating float that can hit the market.

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. Dec 17, 2024
   Listed on DeFiLlama

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

OpenGPU is a single-chain protocol, deployed exclusively on Ethereum — this concentrates execution risk but simplifies the trust model. Roughly 100% of its on-chain value sits on just three networks (Ethereum-staking, staking, Ethereum), so a fault on any one of them would affect a large slice of users. Only one audit report is currently listed; users should weigh that against the protocol's TVL before depositing significant amounts. Its token market cap ($1.7M) currently exceeds total value locked ($295.4) — a mcap/TVL ratio of 5916.94 suggests the market is pricing in more growth than current deposits support.

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

OpenGPU is one of 7 Staking Pool protocols Mantapex tracks in this category. Direct peers ranked by total value locked include SSV Network, Obol, Marinade Native, and 3 more. These peer protocols collectively secure $17.8B in deposits, giving you a frame of reference for whether OpenGPU's own TVL is at the top, middle, or tail of the category.

SSV Network

TVL $15.9B · 24h -0.43%

Obol

TVL $1.4B · 24h +0.24%

Marinade Native

TVL $265M · 24h +0.12%

Marinade Select

TVL $109.7M · 24h -0.07%

NEOPIN Staking

TVL $55.7M · 24h +0.75%

Reti Pooling

TVL $53M · 24h -0.73%