Daily Kernel Panics on MacBook Air M1

Is there anyone that can explain how to diagnose kernel panics by looking at the report?

Possibly someone working at Apple.

There is nothing in a kernel panic that directly points out the problem.

It may be related to a USB Ethernet adaptor, or something to do with a media device (SSD, Flash memory, etc).

If you have any hardware connected to the Mac, disconnect it and see if panics subside. If they do, then it is something with that hardware or how the OS handles it.

Otherwise, only way to tell is to have it evaluated by the Genius Bar at an Apple Store or Authorized Repair Center.

Others might be but I am not.

Suggest downloading the Application Etrecheck directly from a well Respected ASC Contributor. The application is free or paid from added features. Run the application with Full Disc Access ( Security & Privacy - Full Disc Access ). It will take a Snap Shot -  both the hardware and software. The Report will Not Reveal Any Personal Information. Post back the Full Report - copy and paste - using the Additional Text Icon ( 3rd Icon to last )

We can have a look at the report for possible issues and may have possible suggestions to resolve the issues.

Any Third Party Applications that will interfere with the normal operation of the OS, alter, modify, remove or delete or attempt to do so is an invitation for disaster and may require a Reinstallation of the OS.