🔹 HAEDAL at a Glance:
• Market Stats: Trading around $0.12–$0.13, with ~ $25–$27 million market cap, ~ $30–$42 million 24‑h volume; down ~2% in the past day and ~5–6% week-to-date .
🔹 Protocol Purpose:
HAEDAL is the governance token of Haedal Protocol, a liquid-staking platform on Sui. Users stake SUI/WAL to receive yield-bearing haSUI/haWAL tokens for use in DeFi .
🔹 Key Strengths:
– Dominates Sui liquid staking TVL (~$120–$208M) .
– Dynamic validator selection and Hae3 product suite (HMM, haeVault) optimize rewards .
– Backed by top VCs: Hashed, OKX Ventures, Animoca, Sui Foundation .
🔹 Catalysts & Risks:
Binance Alpha listing in late April sparked ~50% jump with volume surge, signaling strong short-term momentum . However, yields on Sui remain low (~2–3%), and wider crypto trends could influence price .
Summary: HAEDAL is a well-positioned liquid-staking token on Sui with solid fundamentals and ecosystem support. It shows short-term upside due to exchange-driven volume but depends on Sui DeFi growth and yield competition.
