HAEDAL(Haedal Protocol) up 33.91% in 24h

Gate News Bot message, July 17, according to CoinMarketCap data, as of the time of writing, HAEDAL (Haedal Protocol) is currently priced at 0.29 USD, with a 24-hour rise of 33.91%, reaching a high of 0.29 USD and a low of 0.13 USD. The current market capitalization is approximately 60.6 million USD, an increase of 15.3 million USD compared to yesterday.

Haedal is a liquidity staking protocol built on the Sui blockchain that allows users to stake SUI tokens to participate in the governance and decentralization of the Sui blockchain. Users can earn haSUI as a receipt token to participate in various DeFi activities to earn additional returns. Haedal also supports staking WAL to earn haWAL, powering the Walrus liquidity staking.

Recent Important News from HAEDAL:

1️⃣ Haedal Protocol Launches Innovative Liquid Staking Solution Haedal Protocol, as a liquid staking protocol on the Sui blockchain, has launched a one-click liquidity staking function. Users can stake SUI tokens to obtain haSUI without a lock-up period, which greatly improves the flexibility to participate in DeFi activities. This innovative solution is expected to attract more users to the Sui ecosystem and support the value of the HAEDAL token.

2️⃣ Haedal Expands WAL Token Staking Support In addition to the SUI token, the Haedal protocol now supports the staking of WAL tokens, allowing users to earn haWAL tokens. This initiative enriches Haedal's product line and provides users with more diverse staking options. By expanding the range of supported tokens, Haedal is expected to attract more WAL holders to participate in its ecosystem, potentially increasing the protocol's user base and trading volume.

3️⃣ Haedal Actively Expands Ecosystem Application Scenarios Haedal is committed to promoting the widespread application of haSUI and haWAL in the Sui ecosystem. Currently, these tokens are available for use in various DeFi sectors, including DEX, lending protocols, CDP protocols, and options trading platforms. The diversified application scenarios enhance the practicality and liquidity of Haedal tokens and may be an important driving factor for the recent rise in HAEDAL token prices.

From a technical point of view, the price of HAEDAL token has risen significantly in the short term, from $0.18 on July 11 to $0.29 currently. However, such rapid price growth could also pose the risk of a pullback. Investors should pay close attention to the continued development of Haedal Protocol in the Sui ecosystem and its actual use in various DeFi applications, as these factors will directly affect the long-term value trend of HAEDAL.

This message is not an investment advice, and investors should be aware of market volatility risks.