What is the current price of Haedal Protocol?
The current price of Haedal Protocol is $0.01798 with a 0.81% change in the last 24 hours.
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Prices and notionals are USD-equivalent venue units, with USDC collateral. No currency conversion is applied. Notional = venue price × base-asset size. Contract specifications
Derivatives and mapped ecosystem data, with source timings and coverage.
Haedal Protocol is a liquid staking protocol built natively on the Sui blockchain. Users stake SUI (and, separately, Walrus WAL) through Haedal and receive a liquid staking token, haSUI or haWAL, that keeps earning staking rewards while remaining usable across DeFi. HAEDAL is the protocol's governance token. It matters because liquid staking is a core building block of any proof-of-stake ecosystem: it lets holders help secure the network without locking their capital out of lending, trading and liquidity markets.
Haedal describes itself as "The Ultimate Place to Stake & Earn on Sui". Its main product is a liquid staking system: users stake SUI through Haedal's smart contracts to validators on Sui with one click, and receive haSUI as a receipt. They do not need to run or maintain a validator themselves.
On top of staking, Haedal has built what it calls "wingman" products that generate additional on-chain yield for its liquid staking tokens. The official site is haedal.xyz and the documentation lives at haedal-protocol.gitbook.io.
Haedal's documentation does not name its founders or the company behind the protocol, so the team should be considered undisclosed based on official sources. The protocol's public audit history offers a timeline: its GitHub audit repository contains haSUI audit reports dated from August 2023 (MoveBit) and November 2023 (OtterSec), followed by audits of the Haedal Market Maker in December 2024 and of haWAL and the HAEDAL token in March 2025.
The docs note that the Haedal Market Maker (HMM) service has been deprecated since August 2026, so the protocol's current focus is liquid staking and its vault and farming products.
When a user stakes SUI, Haedal delegates it to Sui validators and mints haSUI. haSUI is a value-accruing token: rather than increasing a holder's balance, each Sui epoch the conversion rate between haSUI and SUI is recalculated to include newly earned staking rewards. The docs give the formula as total staked SUI plus staking rewards net of commission, minus unstaked SUI, divided by haSUI supply. Haedal's protocol fee is 6% of rewards earned from validators.
Unstaking has two paths:
haWAL follows the same pattern for WAL, the token of the Walrus decentralized storage network: users stake WAL through Haedal and receive haWAL, which accrues Walrus staking rewards over time.
According to the HAEDAL tokenomics page, HAEDAL has a total supply of 1,000,000,000 tokens, allocated as follows:
The docs publish the vesting wallet addresses for investors, team and ecosystem incentives, which lets anyone track them on-chain.
HAEDAL's main utility comes through veHAEDAL. Holders lock HAEDAL for 1 to 52 weeks; a 52-week lock gives 1 veHAEDAL per HAEDAL, and shorter locks scale down proportionally. veHAEDAL decays linearly to zero at unlock. It provides weekly staking rewards, boosts yields in Haedal's farm modules and grants voting power in Haedal DAO proposals.
Haedal is Sui-native and supports instant unstaking through SIP-33, which reduces the usual wait for liquidity. It also extends liquid staking beyond the base chain to Walrus, giving WAL stakers a liquid token. The team has also experimented with protocol-owned market making (HMM) to add yield on top of base staking rewards, although that service is now deprecated.
Haedal is an application on Sui rather than a chain. Its closest analogues are Lido on Ethereum and Jito on Solana, which also issue liquid staking tokens and have governance tokens. haSUI accrues value through a rising exchange rate rather than a growing balance, the same model used by wrapped staking tokens such as wstETH. Within Sui, Haedal competes with other liquid staking providers, while lending protocols such as NAVI represent the kind of DeFi venue where liquid staking tokens are typically put to work.
Haedal's audit repository lists reports from MoveBit, OtterSec and CertiK covering haSUI, haWAL, the HAEDAL token, HMM, HaeVault, farming and veHAEDAL rewards, with the most recent reports dated 2026. The protocol also runs a bug bounty program per its docs. Underneath, staked SUI is secured by Sui's delegated proof-of-stake validator set, and staked WAL by Walrus's own staking system.
Liquid staking sits at the base of most proof-of-stake DeFi economies, and Haedal is one of the Sui-native providers of it. By turning staked SUI and WAL into usable tokens, it lets the same capital secure the network and support lending, trading and liquidity on Sui.
HAEDAL exists on Sui and on BNB Chain, according to its listed contract addresses. It trades on Sui DEXs and on BNB Chain DEXs, as well as on centralized exchanges. Always confirm the contract address (on Sui: 0x3a304c7feba2d819ea57c3542d68439ca2c386ba02159c740f7b406e592c62ea::haedal::HAEDAL) before trading.
The official Haedal docs reviewed here do not publish a list of centralized exchanges. Check the exchange directly to confirm a HAEDAL market and which network (Sui or BNB Chain) it supports for deposits and withdrawals.
On Sui, HAEDAL, haSUI and haWAL can be held in any Sui-compatible wallet and used directly with the Haedal app. The BNB Chain version can be held in any EVM wallet that supports BNB Chain. To lock HAEDAL into veHAEDAL, you need the Sui version in a self-custody wallet.
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Read the complete paper trading guideThe current price of Haedal Protocol is $0.01798 with a 0.81% change in the last 24 hours.
The daily trading volume is $153,173 representing a 26.34% change in the past 24 hours.
The market capitalization of Haedal Protocol is $3,506,054, ranking #805 globally.
The fully diluted valuation (FDV) of Haedal Protocol is $17,979,762, calculated assuming the maximum supply of 1,000,000,000 HAEDAL is in circulation.
Circulating: 195,000,000. Total: 1,000,000,000. Max: 1,000,000,000.
In the last 24 hours, Haedal Protocol traded between a low of $0.01769 and a high of $0.0182.
HAEDAL/USDTTether USDT0.01798 USDT
