1. What is Haedal Protocol?
Haedal Protocol (HAEDAL) is a liquid staking protocol built on the Sui blockchain (with BNB Chain integration). It allows SUI token holders to deposit their funds into a pool, receiving 'liquid' assets (haSUI and other haTokens) for further use in DeFi and participation in network governance.
2. History and Listing
Launch and early growth. The project started in May 2025 with a public listing on Uniswap and immediately attracted attention due to high APY and the convenience of liquid staking.
Listing on Binance. May 21, 2025. HAEDAL was included in the HODLer Airdrops program: 30 million tokens (3% of the total supply) were allocated to users holding BNB in Simple Earn and On-Chain Yields. Immediately after the listing, trading opened in pairs BNB, FDUSD, USDC, USDT, and TRY, with the first day's volume exceeding $1 billion.
Extended listing. Simultaneously, the token appeared on NAVI Protocol, Bybit, KuCoin, and other platforms.
3. Tokenomics
Total supply: 1,000,000,000 HAEDAL.
Circulating supply: 195,000,000 HAEDAL (19.5% of max supply).
Distribution:
3% (30 million) — HODLer Airdrops on Binance.
The remaining tokens are distributed between the liquidity pool, marketing, development, and reserves for future listings.
Deflationary element: part of the fees and accruals may go towards the buyback and burning of tokens, which gradually reduces the supply.
FDV (Fully Diluted Valuation): ≈ $177 million at a price of $0.177 per token and full issuance.
4. Interesting Facts
Sui Platform: Haedal is one of the first liquid staking protocols on the high-performance Sui, where the transaction fee is almost negligible.
Multi-chain: thanks to bridges and integration with BNB Chain, users can stake SUI and immediately trade haTokens on Binance.
The community governs: HAEDAL is a governance token: holders participate in votes on the protocol's development.
Market dynamics: at the time of listing, HAEDAL rose by more than 40% in a day, ranking #667 on CoinMarketCap with a market cap of ~$35 million.
Future plans: the team announces the development of cross-chain staking and support for other assets in the Sui ecosystem.
Conclusion:
Haedal Protocol combines the advantages of liquid staking (liquidity and yield) with ease of use on Binance and in the Sui ecosystem. The tokenomics with airdrop programs and deflationary mechanisms make HAEDAL an interesting asset for participation in DeFi.
