CoinInsight360.com logo CoinInsight360.com logo
America's Social Casino

crypto.news 2025-05-11 15:11:23

Ether.fi breaks out: Staking surge sends TVL to record high

Ether.fi, a top staking network on Ethereum, went on a short squeeze as its total locked value jumped to a record high. Ether.fi ( ETHFI ) price jumped to $1.1397 on Sunday, up by 215% from its lowest level this month. This brought its market cap to over $273 million and its fully diluted valuation to $1.17 billion. Its 24-hour volume jumped by 291% to $493 million. The ETHFI token jumped as the total value locked in its ecosystem jumped to a record high of 2.72 million ETG, up from 2.42 million in January. It has risen from 46,000 in January last year. The TVL has jumped to $6.86 billion in U.S. dollar terms, making it the fourth-biggest player in the decentralized finance platform. This growth has led to a big increase in its weekly fees. DeFi Llama data shows that the weekly fees jumped to $3.1 million, its highest point since February this year. Ether.fi ’s monthly revenue jumped to $2.4 million, with a portion of it going to its token buyback. April protocol revenue totalled $2.4M (avg ETH price $1,716). A portion of revenue will be utilized for $ETHFI buybacks https://t.co/IBC0U0WVtf — ether.fi Foundation (@ether_fi_Fdn) May 8, 2025 Ether.fi’s network has done well in the past few days because of the ongoing Ethereum ( ETH ) price surge. After crashing to a low of $1,388 in April, the Ethereum price surged to a high of $2,595, its highest level since February. You might also like: Ethereum enters ‘rebuild era,’ Vitalik Buterin calls for cultural shift Other Ethereum DeFi networks have also had inflows as its price jumped. As a result, the total value locked in its network has jumped by 43% in the last 30 days to over $130 billion. ETHFI price technical analysis ETHFI price chart | Source: crypto.news The daily chart shows that the ETHFI price has rebounded in the past few weeks, moving from a low of $0.3937 in April to over $1. It has soared above the 50-day and 100-day Exponential Moving Averages, a sign of gaining momentum. ETHFI, which Arthur Hayes backs, has also retested the important resistance point at $1.50, the lowest point in August, September, and November last year. Therefore, the coin’s price will likely keep going up, with the next point to watch being at $2. Read more: Senate crypto bill collapses: Is partisan divide or Trump’s digital fortune to blame?

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.