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HAEDAL crypto spiked more than 34% overnight, following hot on the heels of Bitcoin smashing a new all-time high and moving above $110,00.
Investors are closely watching altcoins, as a parabolic breakout appears to be on the cards once BTC reaches a local top, with many expecting $120,000 by this weekend.
#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!
— Binance (@binance) May 21, 2025
What Is Haedal Crypto And Why Has It Exploded?
The reason for HAEDAL crypto surging overnight is fairly simple – certain altcoins are breaking out, following Bitcoin as it heads toward $120,000.
While most altcoins are waiting for BTC to settle before breaking out, HAEDAL has front-run most of the market with its double-digit surge in the past 24 hours.
HAEDAL is the native token powering the Haedal DeFi platform on the Sui blockchain. With the Sui ecosystem experiencing significant growth recently, the Haedal platform has positioned itself as a leader in the space.
Per DefiLlama, Haedal crypto has over $226 million in total-value locked (TVL) on its platform. It is the third-largest DeFi platform on Sui by TVL, behind only Navi Protocol ($588m TVL) and SuiLend Protocol ($733m).
The Sui ecosystem has over $2.1 billion in TVL, and its stablecoin market cap is more than $1.1 billion. Sui chain is fast becoming a top choice for investors looking for juicy returns in the DeFi space.
This is evidenced by its recent climb into the top 10 blockchains by TVL, above Avalanche and Aptos. It is now sitting in 8th, just behind Arbitrum ($2.66 billion TVL).
RELATED: Top Solana Meme Coins to Buy in May 2025
The Sui Blockchain Is Flying Under The Radar With Projects Such As Haedal Leading Its Ascension
The rise of HAEDAL crypto has been monumental in the recent surge of interest in the Sui blockchain due to its one-click liquid staking, high DeFi yields, and, most importantly, no lockups for staking and unstacking on the Haedal platform.
HAEDAL works primarily as a liquid staking protocol, in which users will receive the haToken or haSUI tokens for staking their HAEDAL. The haToken and haSUI tokens can then be used to participate in various DeFi activities to earn additional yields.
Another factor driving the bullish price action for HAEDAL crypto is its recent listing on the world’s largest crypto exchange, Binance. Yesterday (May 21), Binance announced the listing of HAEDAL via a HODLer airdrop for BNB holders on the platform.
Of HAEDAL’s $354 million daily trading volume, more than $115 million has been processed on Binance in less than 24 hours since it went live on the exchange.
DISCOVER: Top Solana Meme Coins to Buy in May 2025
BONUS: Is Solaxy (SOLX) the Next Altcoin Set To Breakout as BTC Gears Up for $120,000
With many altcoins on the verge of breaking out and some, like HAEDAL crypto, having already surged alongside Bitcoin, investors are eagerly waiting to see which cryptocurrencies will explode next.
Solaxy (SOLX) is still in the presale phase. The presale website shows a timer counting down from 25 days until the ICO closes. SOLX has just secured $39m in presale funding, and many are calling for $50m before the timer runs out.
The SOLX presale ending on June 16 could be the perfect timing. Many believe mid-June onwards will be when the market truly heats up, and SOLX hitting the open market during this period could see it become the big altcoin mover in the coming weeks.
Solaxy (SOLX) is the first-ever Layer-2 solution on Solana, which is much needed as the on-chain metrics on the Solana blockchain heat up.
The total-value locked (TVL) metric has now surpassed Ethereum’s top L2s, including Arbitrum, Optimism, and Base, which collectively hold around $7 billion. Also, Solana has recently overtaken Binance Smart Chain, which sits at $6.11 billion. Solana, in contrast, sits comfortably at number 2, with $9.14 billion in TVL.
Furthermore, 24h app revenue on Solana is $4.75m, trouncing Ethereum with just $1.8m. Solana also has the most active addresses, by a country mile. At 4.87m, only Tron comes close, with 4.25m.
With all of the increased network activity on Solana, Solaxy is stepping in to support the main chain before the network experiences the inevitable failed transactions, slow speeds, and possible outages. As Solana’s first L2, it ensures transactions remain fast, scalable, and reliable, no matter how busy it gets.
However, Solaxy has recently announced the launch of its own Pump.fun and LaunchLab competitor. Named the ‘Igniter Protocol’, it is a token launchpad built not just for memes but for anything that captures attention and community, all on-chain under the Solana umbrella.
With the addition of a token launchpad, Solaxy is quickly becoming a one-stop shop on Solana with its full spectrum L2 offering and the ability to create the next 1000x Solana meme coin.
How To Participate In The Solaxy Presale Before It Ends In Just 25 Days
This is Solaxy’s final stretch. Once the presale ends, the token goes live, launching at a time when Bitcoin is setting new all-time highs and altcoins are gearing up for record-breaking moves.
With public launches come decentralized and centralized listings alike. All listings mean liquidity, visibility, and volatility. In a Solana market where meme coins and utility tokens regularly post daily triple-digit gains, Solaxy’s positioning as the first L2 with a token launchpad makes it a blue-chip proposition heading into June.
To join before the presale closes, visit the Solaxy website and connect your preferred wallet. For the best experience, many users are turning to Best Wallet as Solaxy’s official self-custody partner.
It offers seamless multichain support, complete visibility into your SOLX holdings, and is optimized for future integrations across the Solaxy ecosystem.
All SOLX tokens purchased can be staked immediately, and staking currently offers a dynamic 105% APY—adjusted in real time based on total pool participation.
Stay up-to date on all things Solaxy by following the official Telegram and X.
Visit The Solaxy Presale Website Today
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