Haedal Protocol’s Market Cap Soars to $32 Million Following Bithumb Listing

Haedal Protocol, a leading liquid staking platform operating on the Sui blockchain, saw its market capitalization jump significantly after listing on South Korea’s second-largest exchange, Bithumb. This surge in value, reaching $32 million on May 2, 2025, is attributed to increased trading activity and growing interest from both institutional investors and individual traders alike. The token experienced a dramatic increase of 50% following the announcement of its listing on Bithumb.