Sui’s decentralized finance (DeFi) ecosystem is drawing increased attention as Haedal, a liquid staking protocol operating on the network, has surpassed 10 million WAL tokens staked in its haWAL product. According to industry intelligence platform MSB Intel, this milestone highlights growing participation within Sui’s ecosystem. Meanwhile, total value locked (TVL) on Sui has reached $523.5 million, marking a significant achievement for the network.
Haedal’s liquid staking milestone
Haedal, known for its liquid staking solution on Sui, has achieved a major milestone with more than 10 million WAL tokens staked in haWAL. Liquid staking enables users to stake assets while retaining a liquid derivative token, allowing them to participate in other DeFi opportunities without relinquishing staking rewards.
Mini dictionary: Haedal is a decentralized protocol on Sui that allows users to stake the network’s native WAL tokens and receive haWAL, a liquid representative token. haWAL can be used within supported DeFi applications, enhancing flexibility for stakers.
The current haWAL staking total reflects engagement with Haedal specifically, while Sui’s broader TVL tracks value deposited across multiple protocols on the network.
Sui’s network now holds $523.5 million in total value locked, while Haedal’s 10 million WAL staked underscores rising activity within Sui’s DeFi landscape.
Sui’s current DeFi landscape
Sui’s TVL at $523.5 million places it among the more active DeFi networks, indicating steady capital inflows and user participation. Total value locked represents the combined value of digital assets held in various decentralized finance protocols, serving as an important metric for ecosystem health and adoption.
While Haedal’s milestone showcases specialized protocol engagement, the overall TVL trend provides a broader view of Sui’s DeFi sector growth. However, these figures reflect network activity and do not in themselves guarantee future price performance for SUI, the network’s native token.
Price analysis and key support levels
Crypto analyst Giannis Andreou is closely watching SUI as it retests a previous consolidation zone. According to Andreou, SUI is currently trading around $1.07 and remains within a key support region between $1.00 and $1.08. This zone may prove pivotal for its short-term trend, especially following the breakout in September.
Andreou highlights that holding this range could allow SUI to build a higher low and potentially resume upward momentum. If support holds, initial upside targets include $1.18 and $1.30, with the previous swing high at $1.41 serving as a more ambitious objective. Conversely, a drop below $0.99 would invalidate this scenario and signal potential weakness.
| Level | Price | Significance |
|---|---|---|
| Support Zone | $1.00–$1.08 | Key area for buyers to defend |
| Upside Targets | $1.18 / $1.30 / $1.41 | Potential resistance on an uptrend |
| Invalidation | Below $0.99 | Would nullify the bullish outlook |
The analyst’s projection outlines a possible 32% climb if SUI moves from its present price toward $1.41, provided support remains firm. However, broader cryptocurrency market trends, liquidity, and trading demand play a large role in whether the token achieves this outcome.
SUI’s ability to remain above $1.00–$1.08 support is critical for near-term price prospects, with $1.18 and $1.30 as intermediate resistance levels before targeting the $1.41 swing high.
Market outlook and ecosystem context
Although recent staking and TVL milestones point to strong activity on Sui, they are not independent indicators of bullish price action for SUI. The technical setup, as outlined by Andreou, requires SUI to maintain its support zone while also navigating external factors.
Should SUI successfully defend its current consolidation range and surpass intermediate resistance at $1.18 and $1.30, a move toward $1.41 would come into focus. A breakdown below $0.99, however, would undermine the current market setup and potentially stall recovery efforts.
The combined effect of Haedal’s milestone and Sui’s overall TVL growth highlights ecosystem momentum, but whether this translates into sustained token demand remains to be seen. Both technical confirmation and broader market sentiment will continue to shape SUI’s near-term direction.
