Ether.fi: the network where Ethereum stakers go to flex. Apparently, it just pulled off a short squeeze so dramatic it might need a safe word. Total value locked? Through the roof. Honestly—if my bank account grew this fast, I’d probably faint.
ETHFI price threw all subtlety out the window on Sunday, hitting $1.1397. That’s up 215% from its “I need a nap” levels earlier this month. Market cap? $273 million. Fully diluted valuation: a casual $1.17 billion. And the 24-hour volume? $493 million—a number screaming, “Look at me, I’m popular now!” 🕺💸
Money isn’t just moving, it’s sprinting: TVL shot to an all-time high of 2.72 million ETG, up from a modest 2.42 million in January. To put that in perspective, it climbed from 46,000 last year. Ether.fi’s glow-up could honestly use its own cinematic montage.
We’re talking about $6.86 billion in TVL. That makes Ether.fi the fourth-biggest DeFi drama queen on Ethereum, and yes, it’s loving the attention.
And as every network influencer knows, where the action is, the fees follow. DeFi Llama’s data says fees surged to $3.1 million weekly—highest since February. (Somewhere, a whale is ordering champagne.) Monthly revenue: $2.4 million. Some of it gets used for token buybacks, AKA the “look how responsible I am” play.
April protocol revenue totalled $2.4M (avg ETH price $1,716). A portion of revenue will be utilized for $ETHFI buybacks
— ether.fi Foundation (@ether_fi_Fdn) May 8, 2025
This frenzy? Blame it on Ethereum charging back from $1,388 in April up to $2,595—a level not seen since February, when everyone was still pretending they’d stick to their New Year’s resolutions. 💪📈
Other Ethereum DeFi networks also saw cash pour in as prices soared. Total DeFi TVL jumped 43% in just 30 days, landing north of $130 billion. If that number had a passport, it’d be on a world tour by now.
ETHFI price technical analysis
Check the daily chart: ETHFI barely glanced back after April’s tragic low of $0.3937 and now lounges comfortably above $1. It’s even strutting above its 50-day and 100-day EMAs like it owns the place.
Arthur Hayes backs this thing, which means the hype machine isn’t stopping. ETHFI has already flirted with resistance at $1.50 (fond memories of last August, September, November—swipe right for all). Next up: $2. Because apparently, this coin is allergic to chilling out. 🚀👀
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2025-05-11 18:40