ETHFI PRICE SURGES AMID BULLISH MOMENTUM
The price of ether.fi (ETHFI) has recently jumped by 21%, outperforming both Ethereum (ETH) and Bitcoin (BTC). This surge is attributed to a combination of factors, including positive sentiment around Ethereum following SharpLink Gaming's announcement of a $425 million ETH purchased and ether.fi's own protocol-driven buyback initiatives.
Despite its recent gains, ETHFI is still considerably below its all-time high of $8.57 from March 2024. However, it has seen a remarkable 263% recovery since it is low in early April 2025.
The ether.fi Foundation has been actively buying back ETHFI tokens, funded by withdrawal fees and protocol revenue from staking, restaking, and liquid vaults. For instance, on May 24, 2025, they used 105 ETH (worth about $267,000) to repurchase 206,000 ETHFI. These repurchased tokens are then redistributed to stakers.
The protocol's strong financial performance, with annualized fees of $179 million and annualized revenue of $24 million, further supports these buyback programs and contributes to the total value locked (TVL) on the platform, which has recently rebounded to $6.7 billion.