Ether.fi Token Surges 21% Amid Crypto Market Frenzy

ETHFI Outpaces Top Altcoins as Ethereum and Bitcoin See Gains

Holy crypto rush, Batman! As the market buzzes with fresh optimism, ether.fi, the liquid staking protocol on Ethereum, has its token soaring over 21% to hit two-week highs. Talk about a wild ride!

ETHFI isn't messing around, outpacing most top altcoins like a pro. Even Ethereum (ETH) itself, which surged over 5% on news of SharpLink Gaming planning to buy a whopping $425 million worth, couldn't keep up with ETHFI's rocket.

Bitcoin (BTC)? Forget about it. ETHFI's 21% spike to over $1.51 left Bitcoin's measly 0.7% gain in the dust as BTC lingered near $110,000. And get this: Trump Media's $2.5 billion fundraising to snag some Bitcoin? Hasn't even made a dent in the price yet.

Now, ETHFI might still be chilling below its all-time high of $8.57 from March 2024, but this latest rally? It's screaming bullish momentum. The token's bounced back like a boss from its April 7, 2025 low of $0.40, scoring a mind-blowing 263% gain in just over a month.

What's fueling this fire? Besides the hype around Ethereum, thanks to SharpLink's ETH treasury strategy, ETHFI's been raking in the benefits from some slick protocol-driven buyback moves. On May 24, 2025, the ether.fi Foundation dropped a bombshell: they used 105 ETH, about $267k, to buy back a whopping 206k ETHFI.

Since kicking off this program, the non-custodial ETH staking platform's been using withdrawal fees to fund regular token buybacks. We're talking weekly repurchases and monthly buybacks, with the repurchased ETHFI tokens getting redistributed to stakers. Talk about giving back to the community!

The protocol's pulling in cash from staking and restaking rewards, plus fees on those liquid vaults. In April, platform revenue hit a cool $2.4 million, with the ether.fi Foundation saying a chunk of that would go straight into buying back the native token.

According to DeFiLlama, the platform's annualized fees and revenue are sitting pretty at $179 million and $24 million respectively. Cha-ching!

With all these moves, it's no wonder ETHFI's price is climbing like it's on a mission. The total value locked on the protocol has been bouncing back big time in recent weeks, hitting a solid $6.7 billion. Buckle up, folks, because ether.fi is on a roll!