Major cryptocurrency exchange Binance today announced the listing of KernelDAO (KERNEL) on Binance Megadrop, integrating one of DeFi’s fastest-growing restaking ecosystems into its platform. Spanning BNB Chain, Ethereum, and Bitcoin, KernelDAO secured over $2 billion in Total Value Locked (TVL) across three flagship products.
As a restaking infrastructure on BNB Chain, Kernel amassed more than $660 million in TVL within three months and achieved a 40% monthly growth rate. On Ethereum, Kelp ranks as the second-largest Liquid Restaking Token (LRT), with deposits exceeding 600,000 ETH.
Meanwhile, Gain, a vault-based rewards platform, has reached $120 million in TVL, driven by its accessible and innovative approach to staking rewards. All three platforms are powered by KERNEL, creating a unified restaking ecosystem.
Commenting on the development, Amit, Founder and CEO of Kernel DAO, said:
“KERNEL Megadrop on Binance represents a pivotal moment for the restaking ecosystem
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