Haedal Protocol (HAEDAL) is a newly launched liquid staking token built on the Sui blockchain, designed to enhance capital efficiency and accessibility in the DeFi ecosystem. Its recent debut on Binance has garnered significant attention, marking a notable entry into the cryptocurrency market.
Haedal Protocol is a liquid staking solution that allows users to stake their SUI tokens and receive haSUI in return. This mechanism enables participants to continue engaging in DeFi activities while earning additional yields, thereby improving liquidity and capital efficiency within the Sui ecosystem. The protocol is integrated across both the BNB Smart Chain and the Sui Network, expanding its reach and utility.
š Market Performance & Binance Listing
On May 21, 2025, Binance officially listed HAEDAL on its spot market, introducing trading pairs against USDT, USDC, BNB, FDUSD, and TRY. This listing was accompanied by a significant price surge, with HAEDAL's value increasing by approximately 50% in a few hours, rising from $0.13 to $0.20. The trading volume also experienced a substantial boost, surpassing $100 million, indicating strong market interest and buying pressure.
š HODLer Airdrop & Tokenomics
As part of Binance's 19th HODLer Airdrop initiative, 30 million HAEDAL tokens (3% of the total supply) were distributed to eligible BNB holders who had staked their tokens through Simple Earn or On-Chain Yield products between May 10 and May 13, 2025. The total token supply is capped at 1 billion HAEDAL, with an initial circulating supply of 195 million tokens (19.5% of the total supply) at the time of listing.
š Current Price & Market Data
As of the latest data, HAEDAL is trading at approximately $0.1755, reflecting a 38% increase over the past 24 hours. The token's market capitalization stands at around $34.6 million, with a 24-hour trading volume exceeding $299 million. The all-time high was recorded at $0.213 on May 21, 2025.
š® Outlook
Haedal Protocol's innovative approach to liquid staking on the Sui blockchain positions it as a promising player in the DeFi space. The successful Binance listing and substantial market activity suggest a strong foundation for future growth. However, as with all cryptocurrencies, potential investors should conduct thorough research and consider market volatility before investing.
