OKX Ventures Invests in Haedal: Boosting Liquid Staking on Sui Blockchain

On Friday, OKX Ventures confirmed its seed round investment in Haedal, a protocol focused on liquid staking within the Sui blockchain ecosystem. Haedal enables users to stake their SUI tokens with validators to earn consensus rewards while unlocking liquid staking tokens (LSTs) for use in decentralized finance (DeFi) applications. This innovative approach not only secures the Sui blockchain but also enhances on-chain liquidity.

Supporting Staking and DeFi Growth

Haedal's infrastructure is designed to promote governance and decentralization, ensuring the sustainability of the Sui blockchain. Beyond liquid staking, Haedal is expanding its offerings with products that enhance yield opportunities, targeting both retail and institutional users. These tools aim to simplify access to staking rewards and foster broader participation in the ecosystem.

As of January 2025, Haedal has achieved significant milestones:

Total Value Locked (TVL): Over $200 million, indicating strong user engagement and trust in the platform.
Liquidity Circulation: More than $150 million actively utilized across decentralized exchanges and DeFi protocols, reflecting the protocol's integration and utility within the broader DeFi landscape.
User Base: Approximately 66,510 users, showcasing widespread adoption within the Sui ecosystem.

Haedal’s flagship product, haSUI, represents staked SUI tokens, combining staking rewards with liquidity. This allows users to earn rewards while actively participating in DeFi applications, enhancing the versatility of their assets.

Aligning with OKX Ventures’ Strategy

OKX Ventures stated that this investment aligns with its broader goal of supporting blockchain projects centered on infrastructure and DeFi innovation. The funding is expected to bolster Haedal’s development and contribute to Sui’s growing DeFi ecosystem, positioning it for increased adoption. This move underscores OKX Ventures' commitment to supporting innovative DeFi infrastructure projects.

Haedal Protocol Secures Seed Funding to Boost Sui Ecosystem Development

Haedal Protocol is excited to announce the successful completion of its seed round funding, backed by industry-leading investors such as Hashed, Comma3 Ventures, OKX Ventures, Animoca Ventures, Sui Foundation, Flow Traders, Dewhales Capital, Cetus, and Scallop. This milestone highlights the market's and community's enthusiasm for unlocking staked liquidity on the Sui blockchain. The funds will be used to enhance Haedal's liquid staking infrastructure, develop on-chain earning products within the Sui ecosystem, and strengthen Sui's competitive position in the crypto industry.

Tokenomics Overview

Haedal’s native token, HASUI, has a market cap and fully diluted valuation (FDV) of $142.45 million. The circulating supply, total supply, and maximum supply are all 26.14 million tokens. This limited supply, combined with its unique value proposition, positions Haedal as a significant player in the Sui ecosystem. Additionally, the protocol’s integration within DeFi has strengthened its liquidity circulation, which currently exceeds $150 million, further reflecting its utility and demand.

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A Promising Future

Haedal’s infrastructure is not only designed to secure the Sui blockchain but also contributes significantly to governance and decentralization—two critical factors for the network’s sustainability. Beyond its existing products, Haedal is developing additional tools aimed at simplifying access to staking rewards and enhancing yield opportunities, catering to both retail and institutional users.

Conclusion: Is Haedal a Good Investment Opportunity?

Considering Haedal's robust infrastructure, significant TVL, and strategic backing from prominent investors like OKX Ventures, the protocol presents a compelling investment opportunity for those interested in the DeFi space. The combination of strong liquidity metrics, a growing user base, and innovative product offerings positions Haedal as a key player in the Sui ecosystem. As the protocol continues to expand and develop additional yield-enhancing tools, it is well-poised to contribute significantly to the DeFi landscape, suggesting potential for substantial growth and innovation in the coming years.

Warning: This is not financial advice. Please conduct your own research before investing in Haedal.