Amid renewed optimism across the cryptocurrency space, the native token of Ethereum-based liquid staking protocol ether.fi (ETHFI) surged more than 21%, hitting a two-week high and significantly outperforming leading crypto-assets.
The ETHFI token’s substantial gain brought its price past $1.51, easily outpacing moves by other major cryptocurrencies, including Ethereum (ETH), which rose around 5%, buoyed by news of SharpLink Gaming’s intent to acquire $425 million worth of the asset. Bitcoin (BTC), meanwhile, showed modest improvement, adding just 0.7% to linger near the $110,000 mark, despite recent news that Trump Media secured $2.5 billion for Bitcoin acquisition—an announcement that has not notably impacted BTC prices thus far.
Still, despite ether.fi’s recent impressive run, the token remains far from its all-time high of $8.57 reached in March 2024. Nonetheless, this rally indicates robust bullish momentum as the cryptocurrency recovers strongly from the recent low of $0.40 recorded on April 7, 2025, marking a more than 260% gain within just over one month.
This latest momentum appears to be driven not only by Ethereum-related market optimism stemming from SharpLink Gaming’s ETH treasury decision but also by aggressive token-buying initiatives put in place by the ether.fi Foundation. On May 24, 2025, the Foundation disclosed it had executed a significant buyback of 206,000 ETHFI tokens, valued at about $267,000 (around 105 ETH). Funded through withdrawal fees and staking revenues, these buybacks occur weekly and monthly, with tokens subsequently redistributed to platform stakers.
Ether.fi generates protocol revenue primarily from staking and restaking activities, and through fees from its liquid vaults. Revenue for the protocol totaled $2.4 million in April alone, and these proceeds are actively being reinvested back into supporting token value through regular buybacks. According to recent DeFiLlama data, ether.fi’s annualized revenue stands at $24 million against annualized fees totaling $179 million.
Additionally, ether.fi’s total value locked (TVL) has rebounded notably in recent weeks, climbing to approximately $6.7 billion. This growth in locked assets further underscores the positive momentum surrounding ether.fi, contributing significantly to the token’s resurgent price performance.
