《Four Reasons to Be Optimistic About HAEDAL》
After the TGE on April 29, Haedal surged and then fell back, experiencing three rounds of upward movement, and even broke its historical high this morning, indicating strong upward momentum.
1. The SUI ecosystem's liquid staking market still has room for growth. The total value of staked SOL in the Solana network is $4.29 billion, and the total value of staked ETH in the ETH network is $10.25 billion.
Currently, the total value of staked SUI in the SUI network is only $307.48 million, of which $120 million is in the Haedal staking protocol, accounting for 39%.
As the SUI ecosystem matures, the total value of staked SUI will continue to increase, and Haedal has at least several times of growth potential.
2. Staking performance outperforms other LSD protocols. Haedal currently employs three strategies: HMM, HaeVault, and HaeDAO. First, it maintains a high annualized yield for liquid staking, creating value for liquidity providers;
Second, it optimizes the liquidity of DEX on the Sui chain and charges a 0.04% transaction fee, providing a stable source of income for the project.
3. Healthy data performance. Haedal went live on January 6, with trading volume rising from $59.13 million in February to $284 million in March, and currently achieving a daily trading volume of $5.69 million, with over 44,000 daily active wallets and nearly 794,000 holders. It can be said to be the leading staking project on the Sui network.
4. Strong background and capabilities. Participants in the seed round investment include Hashed, OKX Ventures, Animoca Brands, Sui, Comma3 Ventures, Flow Traders, Dewhales Capital, Cetus, Scallop, etc. They are conducting TGE activities on major exchanges, backed by strong support and gaining substantial exposure.
Subsequent Operations
Affected by the news of launching on Korean exchanges, there was a surge this morning, breaking the historical high, currently in a correction phase.
Long-term upward momentum remains.
Recently, there has been significant influence from news, such as launching new exchanges and airdrop expectations.
If there are no other favorable factors, it is expected to fluctuate downwards in the range of 0.14~0.15, with 0.13 being a strong support level.
