Ethereum’s ETHFI Price Soars, Reaches New High and Drives Buyback Initiative

Ether.fi (ETHFI), a liquid staking and restaking network on Ethereum, has experienced an explosive rally, reaching its highest price point since February. This surge, driven by growing DeFi activity and increased institutional investment, has resulted in ETHFI’s market cap surpassing $420 million. The growth is reflected in the soaring value locked (TVL) for the platform, which now stands at $6.8 billion – making it the fourth-biggest player in decentralized finance, after AAVE, Ldo, and EigenLayer. 30-day performance shows a significant 52% increase in assets.