According to Cas Abbé on Twitter, KERNEL currently boasts a total value locked (TVL) exceeding $2 billion, with over 600,000 ETH deposited and more than 30 projects building on its platform across 10+ blockchains. Despite these strong on-chain fundamentals, KERNEL's market capitalization remains around $30 million, leading to a notably low TVL-to-market-cap ratio. This imbalance signals a significant undervaluation compared to sector peers, potentially presenting a high-upside trading opportunity for active investors seeking DeFi tokens with strong adoption metrics and low relative valuations (source: Cas Abbé, Twitter, April 29, 2025).