$KERNEL KernelDAO (liquid restaking) generated $189,000 in fees over the past 24 hours, about 2.6 times its usual daily average ($73,000).
How to interpret this: fees are the total amount users pay, so they move directly with trading volume. How much of that goes to the protocol depends on its revenue-sharing rules.
Whether this marks a turning point depends on two things: first, whether fees can stay elevated over the next few days; and second, whether this spike was driven by one-off factors such as large liquidations. If it were you, would you act or wait and see?
#KERNEL
How to interpret this: fees are the total amount users pay, so they move directly with trading volume. How much of that goes to the protocol depends on its revenue-sharing rules.
Whether this marks a turning point depends on two things: first, whether fees can stay elevated over the next few days; and second, whether this spike was driven by one-off factors such as large liquidations. If it were you, would you act or wait and see?
#KERNEL