Ask about KernelDAO · freeTotal Value Locked$845.84m
TVL by Chain
Ethereum$844.61m
BSC$1.23m
Key Metrics
Fees 30d$2.2m
Fees 30d by chain
Ethereum$2.1m
Arbitrum$97,533
Scroll$1,151
ZKsync Era$189.45
Blast$151.75
OP Mainnet$61.24
Linea$36.40
Base$19.71
Fees 7d$662,252
Ethereum$631,269
Arbitrum$30,526
Scroll$361
ZKsync Era$59.45
OP Mainnet$19.19
Linea$11.42
Base$6.18
Fees 24h$40,125
Ethereum$38,226
Arbitrum$1,871
Scroll$22
ZKsync Era$3.65
OP Mainnet$1.18
Linea$0.70
Base$0.38
Cumulative Fees$88.63m
Ethereum$82.17m
Arbitrum$3.28m
Linea$1.49m
Base$1.39m
Scroll$130,039
OP Mainnet$71,208
ZKsync Era$70,790
Blast$23,431
Revenue 30d$109,755
Revenue 30d by chain
Ethereum$104,800
Arbitrum$4,875
Scroll$57.57
ZKsync Era$9.49
Blast$7.55
OP Mainnet$3.03
Linea$1.83
Base$1.01
Revenue 7d$33,111
Ethereum$31,562
Arbitrum$1,527
Scroll$18.05
ZKsync Era$2.96
OP Mainnet$0.95
Linea$0.58
Base$0.32
Revenue 24h$2,006
Ethereum$1,911
Arbitrum$94
Scroll$1.11
ZKsync Era$0.18
OP Mainnet$0.06
Linea$0.04
Base$0.02
Cumulative Revenue$6.25m
Ethereum$6.01m
Arbitrum$124,719
Base$55,554
Linea$55,508
Scroll$5,090
ZKsync Era$2,509
OP Mainnet$2,421
Blast$873.66
Holders Revenue 30d$0
Holders Revenue 30d by chain
Arbitrum$0
Base$0
Blast$0
Ethereum$0
Linea$0
OP Mainnet$0
Scroll$0
ZKsync Era$0
Holders Revenue 7d$0
Arbitrum$0
Base$0
Ethereum$0
Linea$0
OP Mainnet$0
Scroll$0
ZKsync Era$0
Holders Revenue 24h$0
Arbitrum$0
Base$0
Ethereum$0
Linea$0
OP Mainnet$0
Scroll$0
ZKsync Era$0
Cumulative Holders Revenue$0
Arbitrum$0
Base$0
Blast$0
Ethereum$0
Linea$0
OP Mainnet$0
Scroll$0
ZKsync Era$0
Market Cap$12.9m
$KERNEL Price$0.045
Fully Diluted Valuation$44.68m
$KERNEL Volume 24h$2.9m
CEX Volume$2.45m
DEX Volume$734,899(25.34% of total)
Total Raised$10m
May 22, 2024$9mRound: PrivateInvestors: SCB Limited, Laser Digital, Bankless Ventures, Hypersphere Ventures, Draper Dragon, DACM, Cypher Capital, ArkStream Capital, Cluster Capital, GSR, Longhash Ventures, Side Door Ventures, NOIA Capital, HTX Ventures, Avid3, ViaBTC Capital, DWF Ventures, Coinseeker.co, Tulipa Capital, Scott Moore, Alex Karl Svanevik, Sam Kazemian, Marc Zeller, Amrit Kumar, Anthony Lesoismein, Winslow Strong
Nov 25, 2024$1mRound: StrategicInvestors: Binance Labs, SCB Limited, Bankless Ventures, Liquid Digital, Hypershere, Cypher Capital, Draper Dragon, DACM, ArkStream Capital, HTX Ventures, GSR Markets, Cluster Capital, Longhash Ventures, ViaBTC Capital, Side Door Ventures, NOIA Capital, DWF Labs, Avid3
Protocol Information
KernelDAO is a suite of top restaking products, with over $2 billion in total value locked and live on 10+ chains including Ethereum, BNB Chain, and expanding further. KernelDAO’s three key products include Kernel, Kelp and Gain.
Methodology
TVL: Total value of all coins held in the smart contracts of the protocol
Yields
Pools Tracked1
Average Supply APY3.61%
User Activity
Active Addresses (24h)3
Transactions (24h)3
Hacks
Date: Feb 21, 2024
Protocol: Gain
Amount: $3.01m
Classification: Token & Share Accounting
Technique: Infinite Mint
An unauthorized mint function allowed attackers to create 5 billion GAIN tokens without proper access control. The tokens were immediately sold, crashing the token price 95%.
Chains: Ethereum
Language: Solidity
Target Type: Token
Date: Apr 18, 2026
Protocol: Kelp
Amount: $293m
Classification: Bridge & Cross-Chain
Technique: Cross-Chain Message Spoofing
On April 18, 2026, Kelp DAO's rsETH bridge was exploited for $293 million when attackers compromised LayerZero's RPC nodes via social engineering and injected fraudulent cross-chain messages. Kelp's 1-of-1 verifier configuration created a single point of failure, affecting validation across 20 chains. The attack was attributed to Lazarus Group.
Chains: Ethereum, Arbitrum
Bridge Hack
Language: Solidity
Target Type: DeFi Protocol
KernelDAO history
TVL is the default DefiLlama definition. Daily values are UTC snapshots from Dec 21, 2023 to Nov 7, 2026.
All-time high TVL: $2.146b on Aug 14, 2025. All-time low TVL: $100.02m on Dec 21, 2023.
Daily TVL, Oct 9, 2026 to Nov 7, 2026
| Date | TVL |
|---|---|
| Oct 9, 2026 | $1.023b |
| Oct 10, 2026 | $1.028b |
| Oct 11, 2026 | $1.034b |
| Oct 12, 2026 | $1.049b |
| Oct 13, 2026 | $998.67m |
| Oct 14, 2026 | $1.034b |
| Oct 15, 2026 | $985.44m |
| Oct 16, 2026 | $994.61m |
| Oct 17, 2026 | $979.44m |
| Oct 18, 2026 | $972.96m |
| Oct 19, 2026 | $975.6m |
| Oct 20, 2026 | $958.16m |
| Oct 21, 2026 | $978.28m |
| Oct 22, 2026 | $989.57m |
| Oct 23, 2026 | $941.69m |
| Oct 24, 2026 | $936.46m |
| Oct 25, 2026 | $927.02m |
| Oct 26, 2026 | $914.94m |
| Oct 27, 2026 | $913.55m |
| Oct 28, 2026 | $923.5m |
| Oct 29, 2026 | $925.91m |
| Oct 30, 2026 | $866.97m |
| Oct 31, 2026 | $857.22m |
| Nov 1, 2026 | $861.29m |
| Nov 2, 2026 | $868.22m |
| Nov 3, 2026 | $859.36m |
| Nov 4, 2026 | $866.86m |
| Nov 5, 2026 | $911.88m |
| Nov 6, 2026 | $843.06m |
| Nov 7, 2026 | $843.12m |
TVL at each month end, Dec 2024 to Nov 2026
| Date | TVL |
|---|---|
| Dec 31, 2024 | $1.676b |
| Jan 31, 2025 | $2.016b |
| Feb 28, 2025 | $1.663b |
| Mar 31, 2025 | $1.676b |
| Apr 30, 2025 | $1.648b |
| May 31, 2025 | $1.701b |
| Jun 30, 2025 | $1.322b |
| Jul 31, 2025 | $1.774b |
| Aug 31, 2025 | $1.904b |
| Sep 30, 2025 | $1.613b |
| Oct 31, 2025 | $1.285b |
| Nov 30, 2025 | $789.1m |
| Dec 31, 2025 | $811.55m |
| Jan 31, 2026 | $1.397b |
| Feb 28, 2026 | $1.009b |
| Mar 31, 2026 | $1.14b |
| Apr 30, 2026 | $1.52b |
| May 31, 2026 | $1.323b |
| Jun 30, 2026 | $890.13m |
| Jul 31, 2026 | $905.34m |
| Aug 31, 2026 | $1.079b |
| Sep 30, 2026 | $1.123b |
| Oct 31, 2026 | $857.22m |
| Nov 7, 2026 (latest) | $843.12m |
TVL at each year end, Dec 31, 2023 to Dec 31, 2025
| Date | TVL |
|---|---|
| Dec 31, 2023 | $138.72m |
| Dec 31, 2024 | $1.676b |
| Dec 31, 2025 | $811.55m |
Fees, revenue and holders revenue by UTC calendar month, Dec 2024 to Nov 2026
| Month | Fees | Revenue | Holders revenue |
|---|---|---|---|
| Dec 2024 | $5.72m | $425,855 | $0 |
| Jan 2025 | $6.62m | $532,460 | $0 |
| Feb 2025 | $4.7m | $284,463 | $0 |
| Mar 2025 | $3.6m | $219,625 | $0 |
| Apr 2025 | $3.05m | $181,713 | $0 |
| May 2025 | $3.47m | $224,830 | $0 |
| Jun 2025 | $3.5m | $278,036 | $0 |
| Jul 2025 | $4.18m | $400,436 | $0 |
| Aug 2025 | $5.64m | $437,116 | $0 |
| Sep 2025 | $5.72m | $453,236 | $0 |
| Oct 2025 | $5.27m | $594,512 | $0 |
| Nov 2025 | $3.36m | $201,221 | $0 |
| Dec 2025 | $3.08m | $342,684 | $0 |
| Jan 2026 | $3.96m | $304,595 | $0 |
| Feb 2026 | $2.97m | $198,488 | $0 |
| Mar 2026 | $3.34m | $196,211 | $0 |
| Apr 2026 | $1.91m | $95,621 | $0 |
| May 2026 | $4.96m | $215,888 | $0 |
| Jun 2026 | $2.57m | $103,869 | $0 |
| Jul 2026 | $2.2m | $91,994 | $0 |
| Aug 2026 | $2.23m | $93,483 | $0 |
| Sep 2026 | $2.44m | $111,419 | $0 |
| Oct 2026 | $2.34m | $116,821 | $0 |
| Nov 2026 (to date) | $400,405 | $20,019 | $0 |
The .csv export on the chart above downloads every daily value. The same data is in the public API: https://api.llama.fi/protocol/kerneldao
Frequently asked questions
What is KernelDAO's TVL?
As of Nov 7, 2026, KernelDAO has $845.84m in total value locked. TVL has decreased 20.8% over the past 30 days.
What chains does KernelDAO operate on?
KernelDAO operates on 9 chains: Ethereum, Arbitrum, Scroll, OP Mainnet, and Base and 4 others. Ethereum holds the largest share at 99.9%.
How much has KernelDAO generated in fees and revenue?
Over the past 30 days, KernelDAO generated $2.2m in fees. Of that, $109,755 was protocol revenue. Based on the trailing year, the annualized rate is $34.97m in fees and $2.05m in revenue.
What is the KERNEL token price and valuation?
KERNEL is currently trading at $0.045. Its circulating market capitalization is $12.94m, ranking it #1,332. Its fully diluted valuation is $44.83m. Supply currently stands at 288.67m circulating, 1b total supply, 1b maximum supply.
How has KERNEL performed recently?
KERNEL is down 10% over the past 7 days and down 12.6% over the past 30 days. Its all-time high is $0.47, reached on Apr 14, 2025. The token is currently 90.5% below that level.
Which protocols are included in KernelDAO?
KernelDAO is a parent protocol whose tracked products include Kelp, Gain, and Kernel.
How many yield pools does KernelDAO have?
DefiLlama tracks 1 KernelDAO yield pool with an average APY of 3.6%.
Has KernelDAO ever been exploited?
KernelDAO has 2 recorded security incidents. The most recent incident occurred on Apr 18, 2026 and involved $293m. It was classified as Bridge & Cross-Chain.