Sui Ecosystem Liquid Staking New Star Haedal Protocol: Innovation and Strong Data Coexist

The liquidity staking market of the Sui network is still in its early stages of development, with the total value of staked SUI currently at approximately $307.48 million, of which only 2% is liquid. In comparison, the Solana network has a total value of staked SOL at $4.29 billion, with 10.1% being liquid, while the Ethereum network has a total value of staked ETH at $10.25 billion, with 30.5% being liquid. Against this backdrop, the Haedal staking protocol, with a total value locked (TVL) of $120 million, is expected to become the leader in liquidity staking within the Sui ecosystem.

One of the main challenges facing the Sui network is its relatively low staking annual percentage rate (APY) of about 2.5%, while Solana's APY is 7-8% and Ethereum's is 3-4%. In response to this issue, Haedal has significantly improved the staking performance of the Sui network through innovative solutions.

Haedal adopts a dynamic validator selection mechanism, monitoring the status of all network validation nodes to select the nodes with the highest APR during staking, and prioritizing withdrawals from nodes with lower APR when unstaking. This strategy can continuously ensure that liquid staking tokens maintain a high annualized yield.

In addition, Haedal has introduced the innovative Hae3 framework, which includes three major components: HMM, HaeVault, and HaeDAO. Among them, HMM (Haedal Market Maker) optimizes the liquidity of various decentralized exchanges on the Sui blockchain by combining oracle pricing and real-time market data, and charges a transaction fee of 0.04%. From February to March, the trading volume grew from $59.13 million to $284.15 million, generating $236,000 in fees. After allocating 50% of the revenue for incentives, the annualized yield of haSUI increased from 2.58% to 3.21%, representing a 24.4% increase.

Haedal was launched on January 6 of this year, with a current daily trading volume of 5.69 million USD, accounting for 6.12% of the daily trading volume of the largest decentralized exchange in the Sui ecosystem. By adopting an oracle pricing mechanism, HMM is expected to achieve rapid revenue growth by capturing arbitrage trading volume.

HaeVault simplifies the liquidity provision process for users, allowing them to easily deposit funds and earn higher returns. Taking the SUI-USDC trading pair as an example, HaeVault achieves an annualized return of 1117%, and after deducting a 16% fee, the net return is still as high as 938%, far exceeding other platforms.

Hae3 is deeply integrated into the Sui DeFi ecosystem (with a TVL exceeding $1 billion). Among them, the HMM protocol captures the fee revenue from decentralized exchanges, the Haedal treasury optimizes the returns for liquidity providers, and HaeDAO grants governance decision-making power. This synergy makes Haedal a superior yield optimizer.

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

Haedal's core metrics are strong: TVL reaches 117.36 million USD, daily active wallets exceed 44,000, and the number of holders reaches 794,000. Currently, Haedal is temporarily leading in three key metrics: trading volume, annualized return rate, and the number of holders.

The support of several well-known venture capital institutions further demonstrates the potential of Haedal. With the continuous development of the Sui ecosystem, Haedal is expected to become an industry leader in the liquid staking field, thanks to its innovative products and solid fundamentals in a high-growth market (with an LSD penetration rate of only 2%, having 10 times the potential for growth).