KERNEL (KernelDAO) rose 13.05% in 24 hours

Gate News Bot message, July 31, according to CoinMarketCap data, as of the time of writing, KERNEL (KernelDAO) is currently priced at $0.22, having risen 13.05% in the last 24 hours, with a high of $0.28 and a low of $0.16. The current market capitalization is approximately $43.4 million, an increase of $5.01 million from yesterday.

KernelDAO is a leading re-staking protocol with three core products: Kernel (re-staking on the BNB chain), Kelp liquid re-staking (rsETH), and Gain (automated reward farming). The protocol allows users to earn rewards on more than 10 chains including Ethereum, BTC, and BNB, with no minimum amount required. The KernelDAO ecosystem includes over 25 protocols, of which more than 20 are middleware and over 5 are liquid re-staking protocols. Its token $KERNEL serves as a single governance token across the three products, with various utility functions including governance, shared security, and insurance reduction.

Important news about KERNEL recently:

1️⃣ Binance Labs Strategic Investment in KernelDAO Binance Labs made a strategic investment in KernelDAO to support its development of a re-staking protocol on the BNB chain. This investment not only provides financial support to KernelDAO but also brings important endorsement to its position in the BNB chain ecosystem, which is expected to further expand its user base and market influence.

2️⃣ KERNEL token will be launched on important platforms soon The KERNEL token has been announced as the fourth Megadrop project and will soon be listed on mainstream trading platforms. This listing plan has brought more market attention to KERNEL, helping to increase its liquidity and trading activity, while also providing potential investors with a more convenient way to participate.

3️⃣ KernelDAO and Mira launched a $300 million secure AI API KernelDAO has partnered with Mira to launch the industry's first $300 million secure AI API. This innovative product combines KernelDAO's re-staking technology with AI technology, showcasing KernelDAO's strength in technological innovation and opening up new application scenarios and potential revenue streams.

From a technical perspective, KERNEL's recent price trend shows a clear rise, with a 24-hour increase of over 13%, reflecting the market's positive response to its recent developments. However, investors still need to closely monitor its price fluctuations, especially the potential volatility that may occur during the launch of new tokens.

This message is not intended as investment advice; investors should be aware of the risks of market volatility.