ETHFI don soar because Ether.fi liquid staking dey grow plus buyback program, dey perform pass crypto market
ETHFI, di native token wey dey for di Ethereum-based liquid staking protocol, ether.fi, don make big gains—pass 300% since April plus 21% jump to di highest point in two weeks, wey don outrun main crypto market big players like ETH and BTC. Di main reasons be say protocol revenue don increase, di protocol fee sharp grow, plus dem start token buyback program. Di ether.fi Foundation dey do regular weekly buybacks, di latest one na say dem buy 206,000 ETHFI tokens with 105 ETH (~$267,000) for May 24, 2025, using di withdrawal fee revenue. Di tokens wey dem repurchased, dem dey share am among stakers, wey make am attractive for holders. Ether.fi platform report $2.4 million revenue for April, DeFiLlama talk say dem get $179 million annualized fees and $24 million annualized revenue; TVL also bounce back to $6.8 billion, wey put am for fourth among DeFi protocols. Di protocol success dey boost because of positive Ethereum vibes, like di $425 million ETH sharp acquisition by SharpLink Gaming. Even though ETHFI never reach di March all-time high of $8.57 again, e don soar 263% from di April low of $0.40. Technical and fundamental signals dey show say e get ongoing bullish momentum, and analysts dey expect more rise if trends continue, but if e drop below $1.13 support, e fit change di outlook. For traders, ETHFI dey shine as standout altcoin, powered by capital inflows, ongoing buybacks, rising TVL and strong network feel.
Bullish
ETHFI price sharp go up because strong protocol fundamentals dey, like rising revenues, aggressive token buybacks, plus total value locked (TVL) for ether.fi platform dey quickly increase. Dem dey regularly repurchase and redistribute ETHFI tokens to stakers, this one dey boost demand and scarcity for supply, e still dey make bullish sentiments stronger. Positive external events like big ETH buys dey increase confidence for both ether.fi and Ethereum ecosystem generally. This kind structural capital inflows and programmed token management don before help altcoins perform well in similar situations, plus strong technical indicators show say more upside dey possible as long key support levels still dey intact. This one make ETHFI become good trade for short and medium term.