- Haedal Protocol is a liquid staking platform built on the Sui blockchain.
- It allows users to stake their SUI and Walrus tokens into validators, earning continuous consensus rewards and unlocking liquidity through Liquid Staking Tokens (LSTs).
- The protocol contributes to the Sui network’s decentralization and governance.
What Is Haedal Protocol?
Haedal Protocol is a cutting-edge liquid staking platform built natively on the Sui blockchain. It empowers users to stake their SUI and Walrus tokens into validators, earning continuous consensus rewards while unlocking liquidity through Liquid Staking Tokens (LSTs). These LSTs can be utilized across various DeFi applications, enhancing capital efficiency and yield opportunities.
By facilitating liquid staking, Haedal not only secures the Sui network but also contributes to its decentralization and governance. The protocol is expanding its ecosystem with innovative products like Haedal Market Maker and haeVault, aiming to capture significant value from on-chain trading flows and optimize yield performance for users.
The price of Haedal Protocol is now $0.178887. In the past 24 hours, people traded about $377 million worth of it. The value of Haedal Protocol jumped by 37.63% today. Right now, it ranks #681 on CoinMarketCap. Its current market value is $34,882,903.
1. Binance HODLer Airdrop and Listing Announcement
One of the primary drivers behind Haedal Protocol’s recent price surge is its inclusion in Binance’s HODLer Airdrops program. Binance announced the launch of Haedal Protocol (HAEDAL) as the 19th project featured in this initiative. Eligible BNB holders who participated in Simple Earn or On-Chain Yields between May 10 and May 13, 2025, received HAEDAL tokens retroactively. Furthermore, Binance listed HAEDAL on its Spot Market on May 21, 2025, with trading pairs against USDT, USDC, BNB, FDUSD, and TRY .
This announcement led to a significant increase in HAEDAL’s price, surging from $0.13 to $0.20 within hours, marking a 50% gain. The trading volume also doubled, indicating strong market interest and buying pressure .
2. High-Yield Liquidity Pools on MMTFinance
Another factor contributing to HAEDAL’s price uptrend is the launch of new liquidity pools on MMTFinance. The platform introduced two pools:
- HAEDAL – USDC Pool: Offering an impressive APR of approximately 284%.
- HAEDAL – SUI Pool: Providing a competitive APR of around 26%.
These pools not only offer attractive returns but also include active rewards such as swap fees and 1.2x Momentum Bricks, incentivizing users to provide liquidity and engage with the Haedal ecosystem .
3. Sui Blockchain’s Rapid TVL Growth
Haedal Protocol’s integration with the Sui blockchain, which is experiencing the fastest Total Value Locked (TVL) growth among all chains, has also played a role in its price appreciation. As of the latest data, Haedal ranks fourth in TVL on the Sui network, with a total of $221.18 million .
This rapid growth in TVL signifies increased adoption and trust in the Sui ecosystem, indirectly boosting the value and utility of HAEDAL tokens.
4. Integration with Navi Protocol for Enhanced Utility
Haedal’s collaboration with Navi Protocol has expanded its utility within the DeFi space. With over 12 million HAEDAL tokens supplied, users can now use HAEDAL as collateral on Navi to borrow other assets, unlocking greater capital efficiency and composability in DeFi strategies .
This integration not only increases the demand for HAEDAL tokens but also enhances their functionality, making them more attractive to investors and users seeking diversified financial strategies.
5. Reward Boosting by Cetus Protocol
Cetus Protocol’s decision to boost rewards for the HAEDAL liquidity pool has further fueled the token’s price uptrend. By allocating additional incentives, Cetus has enhanced the attractiveness of providing liquidity to HAEDAL pools, encouraging more users to participate and stake their tokens .
This strategic move by Cetus not only increases the liquidity depth for HAEDAL but also reinforces its position within the DeFi ecosystem, contributing to sustained price growth.
Read Also: Inside Zebec Network Price Rally
Disclaimer: CryptopianNews shares this for learning and info only. It’s not meant to be financial or investment advice. Crypto markets change a lot and move quickly. Investing in them can be risky. You should always look into things yourself. Talk to a trained financial advisor before making any choices about investing.
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