ETHFI Defies Gravity With 21% Rally as Bulls Take Control
Ethereum’s liquid staking token ETHFI rockets upward—no brakes in sight as traders pile into the momentum play. Here’s why the market’s biting.
The Pump No One Saw Coming
While traditional finance still debates ’blockchain utility,’ ETHFI’s surge laughs in the face of skeptics. A 21% gain in a single day? That’s not just a rally—it’s a middle finger to sideways markets.
Liquidity Begets Liquidity
The classic crypto flywheel kicks in: price spikes attract attention, attention brings volume, and volume fuels more price spikes. Rinse and repeat until the leverage longs get reckless.
The Cynic’s Corner
Let’s be real—half the buyers probably can’t explain liquid staking derivatives but know green candles when they see ’em. Meanwhile, Wall Street still charges 2% fees for index funds that trail Bitcoin.
ETHFI price chart. Source: crypto.news
While ether.fi remains well below its all-time high of $8.57 reached in March 2024, the latest rally reflects strong bullish momentum. The token has rebounded sharply from its April 7, 2025 low of $0.40, marking a 263% gain in just over a month.
In addition to improved sentiment around Ethereum, driven by the SharpLink ETH treasury strategy, ETHFI has benefited from protocol-driven buyback initiatives. On May 24, 2025, the ether.fi Foundation announced that a total of 105 ETH worth about $267k had been used to buy back 206k ETHFI.
Since initiating the program, the non-custodial ETH staking platform has used withdrawal fees to fund regular token buybacks. In addition to weekly repurchases, the project also conducts monthly buybacks and redistributes repurchased ETHFI tokens to stakers.
The protocol’s revenue comes from staking and restaking rewards as well as fees on liquid vaults. In April, platform revenue hit $2.4 million, with ether.fi Foundation noting that a portion of this WOULD be used to buy back the native token.
Per DeFiLlama, the platform’s annualized fees and annualized revenue stands at $179 million and $24 million respectively.
Ether.fi native token’s price has climbed amid these initiatives, with the total value locked on the protocol rebounding in recent weeks to hit $6.7 billion.
