HAEDAL (Haedal Protocol) rose 9.23% in the last 24 hours.

Gate News Bot news, August 26, according to CoinMarketCap data, as of the time of writing, HAEDAL (Haedal Protocol) is currently priced at $0.15, with a rise of 9.23% in the last 24 hours, reaching a high of $0.17 and a low of $0.12. The current market capitalization is approximately $32.4 million, an increase of $2.74 million compared to yesterday.

Haedal is a liquid 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 additional rewards. Haedal also supports staking WAL to obtain haWAL, providing liquidity staking for Walrus.

HAEDAL recent important news:

1️⃣ The liquidity staking function continues to improve The Haedal Protocol's liquid staking feature on the Sui blockchain is continuously optimized. In addition to supporting the staking of SUI tokens, support for the staking of WAL tokens has also been added, allowing users to receive haWAL as a receipt token. This initiative expands Haedal's ecosystem and provides more options for Walrus liquid staking.

2️⃣ Expansion of the DeFi Ecosystem The HAEDAL token, as the native token of the Haedal Protocol, is continuously expanding its application scenarios. Users can use the obtained haSUI and haWAL receipt tokens to participate in various DeFi activities, such as liquidity mining, yield farming, etc., to earn additional income. This diversified income model has attracted more attention from investors.

3️⃣ Sui Blockchain Ecosystem Contribution As an important project on the Sui blockchain, Haedal Protocol contributes positively to the decentralization and governance of Sui through its liquid staking mechanism. Users participate in network governance by staking SUI tokens, which helps enhance the security and decentralization of the Sui ecosystem, further solidifying Haedal's position within the Sui ecosystem.

From a technical perspective, HAEDAL has recently shown strong upward momentum, with a 24-hour rise of over 9%, indicating positive market expectations for the project. However, considering the high volatility of the cryptocurrency market, investors still need to carefully assess the risks.

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