The more eye-catching VC lineup includes: Animoca, OKX, and Hashed.
➡️It has Korean resources (Hashed), and if it develops well, it is expected to be listed on the Korean exchange. In addition, there is also the positive news of listing on OKX, but referring to other cases of OKX’s investment in SUI, it may be delayed until a year later (EX: NAVI).
Currently it has been logged in to Binance Alpha, Bybit, Bitget, MEXC, Gate.io, and KuCoin. The trading volume remains at around 10 million USD, and the liquidity index (Vol/Mkt Cap) is around 300%.
➡️The first-tier exchanges have not yet been listed (including Binance, OKX, Coinbase, Upbit, etc.). Since liquidity is an important indicator for listing on first-tier exchanges, it is necessary to observe whether subsequent trading volume can be maintained.
Currently, the total amount of $HAEDAL is 1 B, the initial circulation is 195 M, and the circulation ratio is 19.5%. The opening market value (Market Cap) was 29 M, and currently remains around 17 M, and the fully flown value (FDV) is 87 M.
➡️In the short term, apart from airdrops and veHAEDAL mining, there are no other large unlocking events. The important unlocking time points are investor unlocking after 6 months and team unlocking after 1 year.
Comparison of similar competing products on SUI:
➡️Haedal’s current market value is stable at 17M~18M, which is 40%~50% lower than the market value of other LST projects on SUI. However, it should be noted that Haedal’s current FDV is 90.33M, the highest in the same category.
➡️Suilend's sSUI market value is 223.71 M, Haedal's haSUI market value is 187.58 M, and NAVI's vSUI market value is 89.91 M; Haedal is currently the second largest LST protocol on SUI. If it can maintain a relatively large number after this wave of airdrops, it should be the second largest LST project on SUI in the future.
veHaedal has been launched on the Haedal official website, using the ve(3,3) system. Users can pledge $Haedal and obtain a corresponding proportion as the lock-up time increases. The longer the lock-up period, the higher the proportion, so as to encourage long-term coin holders to align their interests with the project. veHaedal staking can currently earn more than 1,900% APY, but this APY is floating and will gradually decrease as more people deposit.
Haedal staking tutorial
Go to Haedal official website >> Connect wallet (Binance, OKX, Slush) >> Select veHaedal in the list in the upper right corner >> APR is the floating APR of the current protocol >> Scroll down to select the stake amount and time (the more the amount and the longer the time, the higher the corresponding ratio)
[The above data and pledge APY are all based on 2025/4/30]