Haedal: A High-Potential New Star in Decentralized Finance for the Sui Ecosystem's Liquid Staking Protocol

The liquid staking market of the Sui network is currently in its early stages of development, with a total staked value of approximately $307.48 million, of which only 2% is liquid. In comparison, the liquid staking ratios of the Solana and Ethereum networks have reached 10.1% and 30.5%, respectively. As the Sui ecosystem continues to develop, the Haedal staking protocol, which currently has a TVL of $120 million, is expected to become the leader in liquid staking within this ecosystem.

One of the main challenges faced by the Sui network is its low annualized staking yield, which is around 2.5%. In contrast, the corresponding yields for Solana and Ethereum are 7-8% and 3-4%, respectively. To address this issue, Haedal has adopted an innovative dynamic validator selection mechanism and the Hae3 framework, significantly enhancing the staking performance of the Sui network.

Haedal's core advantage lies in its HMM (Haedal Market Maker) system. This system optimizes the liquidity of various decentralized exchanges on the Sui blockchain by combining oracle pricing with real-time market data. From February to March, the trading volume increased from $59.13 million to $284.15 million, generating $236,000 in fees. This innovative mechanism has increased haSUI's annualized yield from 2.58% to 3.21%, a rise of 24.4%.

In terms of trading volume, Haedal has also shown strong growth momentum. Since its launch on January 6, 2025, its daily trading volume has reached $5.69 million, equivalent to 6.12% of the daily trading volume of the largest DEX in the Sui ecosystem, Cetus Protocol. By adopting an oracle pricing mechanism, HMM is expected to further expand its market share and achieve rapid revenue growth.

Haedal Vault provides users with a simplified liquidity supply process, allowing them to easily deposit funds and obtain higher returns. Taking the SUI-USDC trading pair as an example, HaeVault has achieved a net annualized return rate of up to 938%, far exceeding competing platforms.

The Hae3 framework is deeply integrated into the Sui DeFi ecosystem, capturing DEX transaction fee profits through the HMM protocol, optimizing liquidity provider returns with the Haedal treasury, and empowering users with governance decision-making through HaeDAO. This comprehensive ecosystem makes Haedal a more advantageous yield optimizer.

The diversified applications of the HAEDAL token further enhance its value. Users can lock it as veToken to participate in HaeDAO governance or use it to increase the annual yield of the treasury. In addition, the common airdrop opportunities in the Sui ecosystem also add extra appeal to the HAEDAL token.

Haedal's core metrics are performing strongly: TVL reached $117.36 million, daily active wallets exceeded 44,000, and the number of holders reached 794,000. In terms of trading volume, annualized yield, and holder scale, Haedal is currently in the lead.

The support from several well-known venture capital institutions further highlights Haedal's development potential. With the continuous expansion of the Sui ecosystem, Haedal is expected to dominate the liquid staking sector and become an important player in the Decentralized Finance space, thanks to its innovative products and solid fundamentals.