Haedal Protocol, supported by investments from OKX Ventures, experiences a 50% surge in value, propelled by the anticipation of its listing on the cryptocurrency exchange platform Bithumb.
Rewritten Article:
Haedal Roars 50% Before Debut on Bithumb Exchange
On May 2, 2025, Haedal, the liquid staking protocol built on the Sui blockchain, saw a staggering 50% surge, gearing up for its listing on South Korea's Bithumb exchange.
Flippin' through CoinGecko data reveals that the price of Haedal, represented by its HAEDAL token, skyrocketed to an astounding $0.174 during Asia's wee hours, marking a whopping 100% climb from its post-launch lows [1][4]. This milestone pushed Haedal's market capitalization to a jaw-dropping $32 million, with the daily trading volume soaring by 20%, reaching around $180 million.
The primary motivator behind today's chaos? Bithumb, a prominent South Korean crypto exchange, went public with the sensational announcement that it would be adding a KRW trading pair for the HAEDAL token, effective as of 6:00 PM KST on May 2, 2025 [2].
Bithumb's move comes on the heels of earlier listings on Binance Alpha, Bybit, KuCoin, and MEXC, which took place on April 29, hot on the heels of Haedal's token generation event and mainnet launch on the same day [3]. The initial supply of HAEDAL tokens was set at a staggering 1 billion.
In the derivatives market, interest in HAEDAL futures shot through the roof post-announcement. Data collected by CoinGlass demonstrates a staggering 210% increase in open interest over a 24-hour period, pushing it past the $45 million mark [5]. The funding rate held steady at 0.0050%, hinting that the majority of traders are betting on the rally to keep on going.
Launched in 2023, Haedal lets users stake SUI tokens in exchange for haSUI, liquid staking tokens. These can be used in a variety of decentralized finance (DeFi) applications, such as lending protocols and decentralized exchanges. The governance, staking rewards, liquidity incentives, and fee discounts within the protocol rely on the HAEDAL token [6].
Investors including Hashed, OKX Ventures, Animoca Brands, and the Sui Foundation provided seed funding back in January 2025, helping Haedal expand its liquid staking infrastructure and DeFi solutions on the Sui network [6].
Never Ignore the Impact of Listings! The listing of Haedal on Bithumb offers a prime example of how such events can steer token prices and generate buzz around digital assets within specific regions. The inclusion of a KRW trading pair caters to local investors, further integrating digital assets into South Korea's financial landscape [2][5].
Disclaimer: This write-up does not serve as investment advice. The content presented is for educational purposes only.
Enrichment Data:
Insights:
- Haedal Protocol operates as a liquid staking platform on the Sui blockchain, enabling users to stake SUI tokens and receive haSUI.
- HAEDAL token plays a significant role in governance and various other system functions within the Haedal Protocol.
- The listing of Haedal on Bithumb played a crucial role in galvanizing interest in the digital asset, leading to a substantial surge in value.
- The KRW trading pair on Bithumb facilitates local currency transactions for Korean investors, boosting accessibility and integration within the Korean financial ecosystem [2][3][5].
Sources:
- Haedal surges over 100% ahead of Bithumb listing - Cointelegraph
- The Impact of Bithumb Exchange Listing: A Case Study on Haedal (HAEDAL) - The Coin Republic
- Haedal (HAEDAL) Token Listed on Major South Korean Crypto Exchange - coinquoric
- Binance Alpha, Bybit, KuCoin, MEXC list Haedal - Crypto Daily
- CoinGlass Haedal (HAEDAL) Futures Open Interest Data - CoinGlass
- Haedal Protocol Seeks to Revolutionize DeFi on the Sui Network - TechUprising
- The upcoming listing of Haedal's HAEDAL token on the Bithumb exchange in 2025 is anticipated to boost the token's price by as much as 50%, as seen in previous surges.
- The Haedal Protocol, built on the Sui blockchain, offers users an opportunity to stake SUI tokens in exchange for haSUI, enabling participation in various decentralized finance (DeFi) applications like lending protocols and decentralized exchanges (DEX).
- The listing of Haedal on the Binance, Bybit, KuCoin, and MEXC exchanges in 2025 marked significant milestones for the digital asset, with the initial supply of HAEDAL tokens set at 1 billion.
- Cryptocurrency exchange platforms, such as Bithumb and Binance, have become crucial players in digital asset economy, offering KRW and other trading pairs to cater to regional investors, like Korean business and financial markets.
- The launch of Haedal Protocol in 2023 attracted investments from prominent organizations like Hashed, OKX Ventures, Animoca Brands, and the Sui Foundation, aimed at expanding its liquid staking infrastructure and DeFi solutions.
- With the HAEDAL token playing a significant role in Haedal Protocol's governance, staking rewards, and other system functions, its future listing on prominent exchanges could result in a higher demand for this crypto asset.
- The DeFi sector, including projects like Haedal, continues to gain traction as blockchain technology matures, driven by the growing interest in crypto finance and business worldwide.
- In the year 2023, Haedal Protocol sought to revolutionize the DeFi landscape on the Sui Network, promoting the growth of digital asset usage and integration within various global finance and technology ventures.
