Ask about Kernel Protocol · freeProtocol Information
Deposit LSTs, LRTs & USD-denominated assets into Kernel Protocol to mint ksETH, krETH and kUSD respectively. Earn Kernel Points on top of your Karak XP and receive an LRT that can be deployed in further yield-bearing DeFi activities.
Methodology
TVL: The TVL represents the sum of each LST deposited in the protocolView code on GitHubCompetitors
Kernel Protocol history
TVL is the default DefiLlama definition. Daily values are UTC snapshots from Jul 12, 2024 to Oct 27, 2026.
All-time high TVL: $9.76m on Jul 20, 2024. All-time low TVL: $32,358 on Jun 26, 2026.
Daily TVL, Sep 28, 2026 to Oct 27, 2026
| Date | TVL |
|---|---|
| Sep 28, 2026 | $48,700 |
| Sep 29, 2026 | $48,715 |
| Sep 30, 2026 | $48,932 |
| Oct 1, 2026 | $49,260 |
| Oct 2, 2026 | $49,638 |
| Oct 3, 2026 | $49,032 |
| Oct 4, 2026 | $49,186 |
| Oct 5, 2026 | $50,041 |
| Oct 6, 2026 | $49,568 |
| Oct 7, 2026 | $47,788 |
| Oct 8, 2026 | $47,109 |
| Oct 9, 2026 | $45,807 |
| Oct 10, 2026 | $45,726 |
| Oct 11, 2026 | $46,109 |
| Oct 12, 2026 | $46,675 |
| Oct 13, 2026 | $45,573 |
| Oct 14, 2026 | $46,129 |
| Oct 15, 2026 | $43,167 |
| Oct 16, 2026 | $43,707 |
| Oct 17, 2026 | $43,286 |
| Oct 18, 2026 | $43,012 |
| Oct 19, 2026 | $43,312 |
| Oct 20, 2026 | $42,884 |
| Oct 21, 2026 | $43,798 |
| Oct 22, 2026 | $43,960 |
| Oct 23, 2026 | $43,081 |
| Oct 24, 2026 | $42,505 |
| Oct 25, 2026 | $42,241 |
| Oct 26, 2026 | $41,219 |
| Oct 27, 2026 | $41,507 |
TVL at each month end, Nov 2024 to Oct 2026
| Date | TVL |
|---|---|
| Nov 30, 2024 | $929,619 |
| Dec 31, 2024 | $384,343 |
| Jan 31, 2025 | $304,300 |
| Feb 28, 2025 | $151,371 |
| Mar 31, 2025 | $121,607 |
| Apr 30, 2025 | $117,051 |
| May 31, 2025 | $159,665 |
| Jun 30, 2025 | $143,854 |
| Jul 31, 2025 | $211,375 |
| Aug 31, 2025 | $164,098 |
| Sep 30, 2025 | $153,356 |
| Oct 31, 2025 | $131,346 |
| Nov 30, 2025 | $101,743 |
| Dec 31, 2025 | $100,824 |
| Jan 31, 2026 | $91,988 |
| Feb 28, 2026 | $42,891 |
| Mar 31, 2026 | $44,874 |
| Apr 30, 2026 | $50,760 |
| May 31, 2026 | $44,250 |
| Jun 30, 2026 | $33,795 |
| Jul 31, 2026 | $40,123 |
| Aug 31, 2026 | $50,333 |
| Sep 30, 2026 | $48,932 |
| Oct 27, 2026 (latest) | $41,507 |
TVL at each year end, Dec 31, 2024 to Dec 31, 2025
| Date | TVL |
|---|---|
| Dec 31, 2024 | $384,343 |
| Dec 31, 2025 | $100,824 |
The .csv export on the chart above downloads every daily value. The same data is in the public API: https://api.llama.fi/protocol/kernel-protocol
Frequently asked questions
What is Kernel Protocol's TVL?
As of Oct 27, 2026, Kernel Protocol has $41,580 in total value locked. TVL has decreased 15.4% over the past 30 days.
What chains does Kernel Protocol operate on?
Kernel Protocol operates on Ethereum. Ethereum holds the largest share at 100%.
How does Kernel Protocol's TVL compare to similar protocols?
Among Liquid Restaking protocols tracked by DefiLlama, Kernel Protocol ranks #20 by TVL. The category holds $1.182b across 27 protocols, and Kernel Protocol accounts for <0.1% of that total. Similar protocols include Kelp, Renzo, Mantle Restaking, Swell Liquid Restaking, Puffer Stake, Bedrock uniETH, Mellow Restaking, InceptionLRT (Isolated Restaking), Eigenpie, and King Protocol.