Gelato Network
GEL
Decentralized protocol for smart contract automation
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| 1h | 24h | 7d | 30d | 60d | 90d |
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| 0.34% | 0.10% | 13.43% | 304.28% | 296.87% | 14.47% |
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Fundraising not disclosed
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Details
This content is generated by RD AI and is for reference only
Gelato Network is a decentralized protocol for automating smart contract execution. It enables developers to delegate on-chain transactions or off-chain data calls to a network of relay nodes, which trigger execution when predefined conditions are met. Core products include Automate (time-based or on-chain event-triggered transactions) and Web3 Functions (off-chain logic computation with result submission). Developers can integrate via APIs or SDKs without maintaining servers or nodes, reducing operational overhead. The protocol uses node staking and incentive mechanisms to ensure execution reliability and supports multiple blockchains.
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About Gelato Network
Gelato Network is a Web3 infrastructure platform focused on smart contract automation and gasless transactions. Its core services include Automate (scheduled/trigger-based execution of on-chain tasks), Relay (meta-transactions enabling users to pay gas with any token or have it sponsored), and Rollup-as-a-Service (RaaS) for deploying custom Layer 2 chains. The main market pain points it addresses are: manual operations for time-sensitive DeFi actions (e.g., limit orders, yield harvesting, liquidation protection), high gas fees discouraging new users, and the complexity of building and maintaining rollup infrastructure. Its competitive edge lies in cross-chain support across 100+ networks, a mature automation protocol with a large market share in smart contract automation, and a modular RaaS stack integrating execution layers, DA layers, and interoperability tools. Regarding development in the past six months (2026-02-28 to 2026-08-29), no verified public information is available from the provided sources. A notable negative event within two years: in early 2024, a vulnerability in Gelato's Relay contract was exploited, leading to a temporary suspension of services and a loss of user funds. This incident raised concerns about the security of third-party relay infrastructure. Overall, Gelato's positioning is pragmatic, but its revenue model remains challenging due to low willingness to pay for automation services and intense competition from Chainlink in automation and Altlayer/Conduit in RaaS.
Gelato Network, founded in 2019, initially focused on smart contract automation and relay services, becoming a leading infrastructure provider in the Web3 space. In 2023, it pivoted to Rollup-as-a-Service (RaaS), launching a deployment platform in December that enabled one-click creation of custom rollups. This strategic shift leveraged its accumulated middleware partnerships and automation expertise to serve Layer 2 ecosystems. In October 2024, Gelato raised $11 million in a Series A+ round led by Hack VC, bringing total funding to $23.2 million, with participation from Animoca Brands and IOSG Ventures. The funding was aimed at expanding enterprise-grade blockchain support. Despite recent fluctuations in top-figure unfollows, Gelato's long-term significance lies in its transition from backend automation to RaaS, positioning it as a key player in modular blockchain infrastructure.
Gelato Network's core team includes:
Hilmar Maximilian Orth (Founder): Founded Gelato in June 2019, based in Zug, Switzerland. Previously studied at ESCP Business School (MSc) and Bayes Business School (BSc). Also founded Arrakis Finance in April 2022.
Luis Schliesske (Co-founder): Joined Gelato as a co-founder, serving as Head of Marketing & Developer Relations until June 2023. He is now Ecosystem Lead at Supra. He liked Gelato-related posts on LinkedIn.
Pedro Cruz (CTO): Joined Gelato in February 2021 as Blockchain Engineer, promoted to Engineering Lead in January 2022, and became CTO in February 2024. Previously worked at Yacooba (Blockchain Engineer) and blockbird Ventures (Blockchain Engineer). Holds an MSc from Instituto Superior Técnico, where he developed SmartBugs, a smart contract analysis framework, and co-authored two academic papers.