KERNEL, the native token of KernelDAO, experienced a 30% price surge in the past 24 hours, fueled by multiple catalysts including a new listing on Upbit, a partnership with Chainlink, and the reveal of the Kred litepaper. According to CoinMarketCap, trading volume skyrocketed nearly 700%, reflecting heightened demand for the restaking protocol, which boasts over $1.7 billion in total value locked (TVL). The token is currently trading at $0.2217 with a market cap of $62.5 million, still down approximately 50% from its all-time high of $0.46.
The Upbit listing, announced for October 28, 2025, on the KRW market, marks KERNEL's debut on South Korea's most active exchange. Trading commenced at 16:30 KST on the Ethereum network, with initial measures such as limit-only orders for the first two hours to maintain stability. Upbit provided detailed deposit and trading guidelines, emphasizing the use of the Ethereum network for transactions to avoid delays or refunds.
In a strategic move, KernelDAO partnered with Chainlink, integrating its Cross-Chain Interoperability Protocol (CCIP) to enable seamless movement of KUSD and Kred assets across Ethereum and BNB Chain. The collaboration also incorporates Chainlink Price Feeds for secure market pricing and Proof of Reserve for real-time collateral verification, enhancing transparency and security for KUSD holders.
The Kred litepaper, released the previous week, outlines the "Internet of Credit" initiative, aiming to deliver up to 50% real yield through decentralized credit and payment systems. Centered around KUSD, a yield-bearing stablecoin backed by real-world receivables, this expansion into the Real-World Asset (RWA) market is part of KernelDAO's broader ecosystem, which includes products like Kelp, Gain, and Kernel Infra.
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