The HAEDAL token is the native token of the Haedal Protocol, which is a leading platform in liquid staking on the Sui network. The protocol aims to enable users to earn staking rewards without having to lock their assets, allowing them to continue participating in decentralized finance (DeFi) applications using tokens like haSUI.
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🔹 What is the Haedal Protocol?
The Haedal Protocol is a liquid staking platform built on the Sui network, allowing users to stake their SUI tokens and receive haSUI tokens as rewards. These tokens can be used in various DeFi applications, providing continuous liquidity without the need to lock assets. The protocol is characterized by ease of use and integration with DeFi applications on the Sui network.
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🔹 The role of the HAEDAL token in the ecosystem
The HAEDAL token is used as a governance token within the protocol, allowing holders to participate in decision-making regarding the development of the protocol. Furthermore, 50% of the protocol's revenue is allocated to buy HAEDAL tokens from the market and distribute them to veHAEDAL token holders (locked governance tokens), enhancing community participation in governance and providing incentives for users.
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🔹 Key products of the Haedal Protocol
haSUI: A token representing staked SUI tokens, used in DeFi applications.
haWAL: A token representing staked WAL tokens, also used in DeFi applications.
HaeVault: A product that allows users to deposit SUI tokens for a chance to win random rewards, enhancing the user experience.
Haedal Market Maker (HMM): An advanced automated market maker that enhances capital efficiency and provides returns on the Sui network, while reducing risks arising from market fluctuations.
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🔹 Token listings on trading platforms:
The HAEDAL token has been listed on several major trading platforms, including:
Binance: The token was listed on May 21, 2025, with trading pairs such as USDT, BNB, FDUSD, and TRY.
Bithumb: The token was listed on May 2, 2025, resulting in a noticeable increase in its market value.
Bybit and KuCoin: The token was listed on April 29, 2025, contributing to an expanded user base.
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🔹 Token details:
Token: HAEDAL
Total supply: 1 billion tokens
Current circulating supply: approximately 195 million tokens (19.5% of total supply)
Current price: approximately $0.17
Market capitalization: approximately $32 million
Network: Sui and BNB Chain
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🔹 Future outlook:
The Haedal Protocol is expected to enhance the use of the Sui network by providing innovative liquid staking solutions and integrating with DeFi applications. As the ecosystem continues to grow, the HAEDAL token may see increased demand and usage, boosting its market value and investment opportunities.