$HAEDAL $SUI

Haedal’s earnings are showing strong growth:

Q1 2025:

$100k revenue / $295k fees → 34.1% margin

Q2 2025:

$748k revenue / $1.92m fees → 38.9% margin

Q3 2025:

$667k revenue / $856k fees → 77.9% margin （current data is incomplete)

📈 This increase in protocol revenue and margin show that Haedal’s profitability is improving rapidly.

Also, with the buyback program, 50% of these earnings are redistributed to HAEDAL holders who lock into veHAEDAL, earning up to 33% APR weekly rewards.

👉 In other words, as the protocol grows stronger, users benefit directly from positive cash flow, making holding $HAEDAL increasingly attractive.