$ETHFI is trading at $0.7227, with a 24-hour volume of $137.54 M and a market cap of $170.86 M, marking a 42.42 % surge over the past 24 hours. This rally is driven by a combination of protocol‐level incentives—most notably the proposal to allocate 5 % of revenue to buy back $ETHFI for stakers—and unprecedented staking demand, as Etherfi’s ETH‐denominated restaking supply hit record highs despite a broader DeFi TVL slump. Adding fuel, eETH Etherfi’s liquid restaking token) has now been integrated into over 400 DeFi protocols across 17 chains, boosting utility and on-chain activity. Heavy whale allocations following a $680 M $ETHFI distribution further tightened circulating supply and stoked scarcity expectations.