Crypto Surge: ETHFI Price Jumps 21% as Staking Protocol Rallies—What’s Fueling the Altcoin Spike?
Crypto markets are riding a new wave of optimism, and the liquid staking protocol ether.fi (ETHFI) has become the latest standout. In a dramatic 24-hour surge, the ETHFI price soared by 21%, climbing to a two-week high and leaving most major altcoins—including market leaders like Ethereum and Bitcoin—in its wake. This rally comes at a time when digital assets are vying to break key resistance levels, reigniting bullish sentiment across the blockchain ecosystem.
Recently, ETHFI has notably outperformed not only Ethereum—whose 5% jump was prompted by institutional adoption news—but also Bitcoin, which recorded a modest 0.7% gain while hovering near the $110,000 mark. The altcoin action underscores the speculative fervor sweeping decentralized finance (DeFi) tokens, especially as traditional companies and even political entities spotlight crypto treasury strategies.
[ETHFI price chart]
While ether.fi’s native token remains well below its March 2024 all-time high of $8.57, the latest upswing continues an impressive rebound from its April 7, 2025 low of $0.40. In just over a month, ETHFI has gained an astounding 263%—a move that has caught the attention of many experienced blockchain investors.
A combination of protocol-driven buyback initiatives and positive external developments is fueling this rally. Most notably, the ether.fi Foundation revealed on May 24 that it bought back 206,000 ETHFI tokens using 105 ETH (worth approximately $267,000) sourced from withdrawal fees. Research across DeFi shows that consistent buybacks and redistributions to stakers significantly increase demand and reduce circulating supply—a proven formula for upward price pressure in select digital assets.
This strategy is further reinforced by strong platform revenues. In April, ether.fi recorded $2.4 million in revenue, redirecting parts of these earnings into token repurchases. Updated data from analytics platforms indicates ether.fi now generates $179 million in annualized fees and $24 million in annualized revenue, highlighting its rising influence among smart contract platforms.
The total value locked (TVL) on ether.fi has also rebounded, surging to $6.7 billion. Such robust TVL growth, alongside protocol income streams and tokenomic tweaks, suggests more momentum could be on the horizon. For those exploring broader staking and passive income opportunities, guides such as how crypto staking works and the best crypto wallet choices can provide important context for maximizing returns.
Industry observers are closely watching for continued buyback announcements, revenue updates, and new partnership opportunities. If positive trends persist, ETHFI could soon retest resistance levels that once seemed out of reach. Seasoned experts caution that while buybacks often fuel short-term price spikes, sustainable DeFi growth depends on consistent platform utility and user engagement.
Looking to learn more about DeFi and staking strategies? Consider reading about how to choose a top crypto exchange for informed trading in evolving digital asset markets.
[ETHFI price chart]