Ether.fi ($ETHFI ) is a governance token for the Ether.fi platform, a decentralized, non-custodial staking protocol built on Ethereum. It enables users to stake ETH while retaining control over their private keys, and it supports liquid restaking through derivative tokens like eETH.
As of May 11, 2025, $ETHFI is trading at approximately $1.16 USD. The token has experienced significant growth, with a 61.62% increase in the last 24 hours. Its market capitalization stands at around $281 million, based on a circulating supply of approximately 239.9 million $ETHFI tokens.
In 2024, Ether.fi's total value locked (TVL) surged by 6,159%, growing from 45,770 ETH to 2.57 million ETH. This exponential growth positioned Ether.fi as the fourth-largest protocol on Ethereum.
Additionally, Ether.fi has proposed allocating 5% of its protocol revenue to buy back ETHFI tokens and distribute them to stakers, aiming to enhance the token's utility and align user incentives with the platform's growth.