$ETHFI is trading at $1.41 with a 24-hour volume of $216.78 million and a market cap of $457.08 million, up 15.84% over the past day. This surge is driven by Etherfi’s aggressive token buyback program—announced May 15—allocating 100% of withdrawal fees (103 ETH last week) to weekly repurchases, directly supporting price and tightening supply; a corresponding 126% jump in trading volume as traders front-ran its multichain expansion narrative; and a record $3.15 million in protocol fees generated last week (up 19% week-over-week), underscoring renewed confidence in ETHFI’s role as the premier liquid restaking token on Ethereum.