As high cryptocurrencies look to interrupt above key ranges amid recent market optimism, ether.fi, the liquid staking protocol on Ethereum, noticed its native token soar greater than 21% to hit two-week highs.
The worth of ether.fi (ETHFI) outpaced most high altcoins, together with Ethereum (ETH) that surged over 5% amid adoption information as SharpLink Gaming introduced plans to purchase $425 million of Ethereum.
ETHFI additionally outpaced Bitcoin (BTC), with the decentralized staking protocol’s 21% spike to above $1.51 outshining Bitcoin’s modest 0.7% achieve as BTC hovered close to $110,000. Notably, the $2.5 billion fundraising announcement from Trump Media to amass Bitcoin had but to set off a major worth transfer.
ETHFI worth chart. Supply: crypto.information
Whereas ether.fi stays effectively beneath its all-time excessive of $8.57 reached in March 2024, the most recent rally displays robust bullish momentum. The token has rebounded sharply from its April 7, 2025 low of $0.40, marking a 263% achieve in simply over a month.
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Along with improved sentiment round Ethereum, pushed by the SharpLink ETH treasury technique, ETHFI has benefited from protocol-driven buyback initiatives. On Could 24, 2025, the ether.fi Basis introduced {that a} complete of 105 ETH value about $267k had been used to purchase again 206k ETHFI.
Since initiating this system, the non-custodial ETH staking platform has used withdrawal charges to fund common token buybacks. Along with weekly repurchases, the venture additionally conducts month-to-month buybacks and redistributes repurchased ETHFI tokens to stakers.
The protocol’s income comes from staking and restaking rewards in addition to charges on liquid vaults. In April, platform income hit $2.4 million, with ether.fi Basis noting {that a} portion of this could be used to purchase again the native token.
Per DeFiLlama, the platform’s annualized charges and annualized income stands at $179 million and $24 million respectively.
Ether.fi native token’s worth has climbed amid these initiatives, with the whole worth locked on the protocol rebounding in current weeks to hit $6.7 billion.
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