Haedal Protocol (HAEDAL) Spikes Over 40% After Joining Binance HODLer Airdrop Program

HAEDAL, the native token of Haedal Protocol on the Sui blockchain, jumped over 40% on Wednesday. According to CoinGecko, the token hit $0.178 following Binance’s announcement of its inclusion in the HODLer Airdrops program.

#Binance is excited to announce the Haedal Protocol (HAEDAL) HODLer Airdrop – @HaedalProtocol $HAEDAL.

BNB Holders, get ready! The Airdrop page will be available on the Binance Airdrop Portal in 5 hours. Plus, this token will be listed on Binance soon!

👉… pic.twitter.com/kCxC1scxs7

— Binance (@binance) May 21, 2025

Alongside the airdrop news, the exchange confirmed that HAEDAL will debut on its Spot Market on May 21, 2025, at 15:00 UTC.

HAEDAL Airdrop and Listing Update

Binance named HAEDAL the 19th project in its HODLer Airdrops lineup. The program will reward users who staked BNB through Simple Earn or On-Chain Yields between May 10 and 13. Notably, 30 million HAEDAL tokens, representing 3% of the total supply, were allocated for distribution.

Furthermore, eligible users will receive the airdropped tokens in their Spot Wallets at least an hour before trading begins. HAEDAL will be paired with USDT, USDC, BNB, FDUSD, and TRY. Also, it will carry a Seed Tag to indicate its early-stage status.

Additionally, Binance confirmed that HAEDAL will be removed from the Alpha Market once trading goes live. It will no longer earn Alpha Points, marking its transition to a full exchange listing.

HAEDAL Token Supply and Early Distribution

HAEDAL has a capped supply of 1 billion tokens, with 195 million (19.5%) entering circulation at launch. Before the Token Generation Event (TGE) on April 29, the platform distributed 50 million HAEDAL tokens, or 5% of the total supply, to nearly 1 million users within the Sui ecosystem. This early distribution helped build a strong community ahead of the public launch.

Following the TGE, HAEDAL became available on multiple centralized exchanges. As of May 2025, the project has locked over $200 million in Total Value Locked (TVL), with $150 million available as circulating liquidity. The platform has also generated more than $26,000 in revenue through its Hybrid Market Maker (HMM) mechanism, reflecting active user engagement and market activity.

Meanwhile, the project’s governance framework, HaeDAO, is expected to launch soon, marking the next step in decentralization.

Where is HAEDAL Traded?

HAEDAL is listed on multiple centralized exchanges. Bybit leads in trading activity for the token, with the HAEDAL/USDT pair seeing $29.8 million in volume over the past 24 hours. MEXC and Bitget also support trading.

In total, HAEDAL’s trading volume over the last 24 hours hit $136.9 million, a 100.3% increase from the previous day, pointing to a sharp uptick in market interest.

The Haedal Protocol 

Haedal Protocol is built on Sui and offers a liquid staking solution designed with a cultural and user-friendly approach. By merging traditional values with blockchain tools, it aims to create practical digital asset applications for everyday use. The platform features a one-click staking function and removes lock-up restrictions, giving users greater flexibility.

In addition, its ecosystem includes haSUI for staking SUI tokens, haeVault for accessing advanced DeFi yields, and haWAL for governance participation. The HAEDAL token powers both utility and governance activities throughout the platform.

Notably, Haedal is backed by leading Web3 investors such as Hashed, OKX Ventures, Animoca Ventures, the Sui Foundation, Flow Traders, and Cetus. The project secured seed funding in January 2025, though it has not disclosed the amount raised.

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