Haedal Protocol Soars 50% Pre-Bithumb Debut—OKX Ventures Bets Pay Off

Staking protocol Haedal—backed by OKX Ventures—jumps 50% ahead of its Bithumb listing, proving once again that exchange listings remain the crypto market’s most reliable pump mechanism.

Investors pile in despite opaque tokenomics—because when has that ever stopped a bull run?

The rally coincides with renewed interest in liquid staking tokens, though skeptics note the sector remains dominated by Ethereum derivatives.

Bithumb’s listing goes live May 5—just in time for traders to either celebrate or blame the next 20% swing on ’market manipulation.’

What is Haedal?

Founded in 2023, Haedal is a liquid staking protocol built on the Sui blockchain. It lets users stake their SUI tokens and receive haSUI, a liquid, yield-generating derivative, allowing them to keep earning staking rewards while engaging in DeFi activities.

The HAEDAL token itself fuels the protocol’s governance, staking rewards, liquidity incentives, and fee discounts.

Back in January 2025, Haedal secured seed funding from top-tier investors like Hashed, OKX Ventures, Animoca Brands, and the Sui Foundation to help push forward its liquid staking infrastructure and DeFi solutions on the Sui network.

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.