HAEDAL (Haedal Protocol) rose 19.17% in 24 hours

Gate News Bot news, July 15, according to CoinMarketCap data, as of the time of writing, HAEDAL (Haedal Protocol) is currently priced at $0.20, with a rise of 19.17% in the last 24 hours, reaching a high of $0.21 and a low of $0.12. The 24-hour volume reached $169 million. The current market capitalization is approximately $43.4 million, an increase of $6.99 million 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 will receive haSUI as a receipt token, which can be used to participate in various DeFi activities to earn extra rewards. Haedal also supports staking WAL to obtain haWAL, providing support for Walrus liquidity staking.

HAEDAL Recent Important News:

1️⃣ Haedal Protocol launches innovative liquidity staking solution Haedal Protocol, as a liquidity staking protocol on the Sui blockchain, has launched a one-click liquidity staking feature. This feature allows users to stake SUI tokens to earn haSUI without any lock-up period. This innovative solution significantly enhances user flexibility in participating in DeFi activities and helps attract more users into the Sui ecosystem, thereby driving the demand for HAEDAL token.

2️⃣ Haedal extends support for WAL token staking In addition to supporting SUI token staking, the Haedal protocol has also expanded its functionality to support WAL token staking to obtain haWAL tokens. This initiative further enriches Haedal's product line, providing users with more diverse staking options. By supporting multiple token staking, Haedal is expected to attract more users to participate in its ecosystem, thereby increasing the total locked amount of the protocol and the use cases for HAEDAL token.

3️⃣ Haedal actively expands ecosystem application scenarios Haedal is committed to promoting the widespread application of haSUI and haWAL within the Sui ecosystem. Currently, these tokens are available for use in various DeFi sectors, including DEX, lending protocols, CDP protocols, and options trading platforms. This diversification of application scenarios helps to enhance the utility and liquidity of Haedal tokens, thereby increasing their market attractiveness and providing long-term support for the value of HAEDAL token.

From a technical perspective, the HAEDAL token price has experienced a significant rise in the short term, with a 24-hour increase of 19.17%, which may pose a risk of a pullback. Investors should closely monitor the development progress of the Haedal Protocol within the Sui ecosystem, as well as its practical applications in the DeFi sector, as these factors will directly influence the long-term value of HAEDAL.

This message is not intended as investment advice; investors should be aware of market volatility risks.