The Rise of Liquid Staking Protocols in the Sui Ecosystem: The Innovation and Potential of Haedal

The liquid staking market of the Sui network is still in its early stages of development, with a total staked value of SUI amounting to $307.48 million, of which only 2% is liquid. In contrast, the liquid staking rates of the Solana and Ethereum networks have reached 10.1% and 30.5%, respectively. Against this backdrop, the Haedal staking protocol is gradually establishing its leading position in the Sui ecosystem, with a total locked value of $120 million (TVL).

One of the main challenges faced by the Sui network is its low annual staking yield of about 2.5%, while the yields for Solana and Ethereum are 7-8% and 3-4%, respectively. To address this issue, Haedal has launched an innovative solution.

Haedal significantly enhances the staking performance of the Sui network through a dynamic validator selection mechanism and the Hae3 framework. This framework includes three core components: HMM, HaeVault, and HaeDAO, each playing a crucial role in optimizing returns and improving efficiency.

HMM (Haedal Market Maker) optimizes the liquidity of various decentralized exchanges on the Sui blockchain by combining oracle pricing and real-time market data. From February to March, its trading volume surged from $59.13 million to $284.15 million, generating $236,000 in fees. This growth directly increased the annualized yield of haSUI from 2.58% to 3.21%.

In terms of trading volume, since its launch on January 6, 2025, Haedal has achieved a daily trading volume of $5.69 million, accounting for 6.12% of the daily trading volume of the largest decentralized exchange in the Sui ecosystem, Cetus Protocol. This data demonstrates the significant progress Haedal has made in a short period of time.

Haedal Vault simplifies the liquidity supply process for users, allowing them to easily deposit funds and earn higher returns. Taking the SUI-USDC trading pair as an example, HaeVault has achieved a net annualized return of up to 938%, significantly outperforming traditional platforms.

The deep integration of the Hae3 framework gives Haedal a unique position in the Sui DeFi ecosystem. The HMM protocol captures the fee revenue from decentralized exchanges, the Haedal treasury optimizes the earnings for liquidity providers, and the HaeDAO grants users governance decision-making power. This comprehensive ecosystem provides Haedal with a significant advantage in yield optimization.

The diversified applications of HAEDAL tokens further enhance their value. Users can lock them as veToken to participate in HaeDAO governance or use them to increase the annual yield of the treasury. In addition, the potential airdrop opportunities also bring extra appeal to token holders.

Haedal's core metrics are performing strongly: TVL has reached $117.36 million, daily active wallets exceed 44,000, and the number of holders has reached 794,000. These figures reflect Haedal's leading position in the Sui ecosystem.

The support from several well-known venture capital institutions further proves Haedal's development potential. As the Sui ecosystem continues to expand, Haedal is expected to dominate the liquid staking field and become a key force driving the development of the entire ecosystem.