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As leading cryptocurrencies push to surpass key resistance levels amidst renewed market optimism, ether.fi, a liquid staking protocol on Ethereum, has seen its native token surge over 21%, reaching two-week highs. This notable performance places it ahead of most major altcoins, including Ethereum (ETH), which rose by over 5% following adoption news.

ETHFI Outpaces Major Cryptos

The native token of ether.fi, ETHFI, outperformed not only Ethereum but also Bitcoin (BTC), which managed a modest 0.7% gain while hovering near $110,000. ETHFI’s 21% spike pushed its price above $1.51, showcasing significant momentum in comparison to other top assets. Despite a $2.5 billion fundraising announcement from Trump Media to acquire Bitcoin, BTC’s price remained relatively stable.

Strong Rebound from April Lows

While ETHFI remains significantly below its all-time high of $8.57 achieved in March 2024, its recent rally highlights strong bullish sentiment. The token has rebounded sharply from its April 7, 2025 low of $0.40, representing a remarkable 263% gain in just over a month.

Factors Driving ETHFI’s Growth

Several factors have contributed to ETHFI’s price surge. Improved market sentiment surrounding Ethereum, spurred by SharpLink Gaming’s announcement of a substantial ETH treasury strategy, has positively impacted the protocol. Additionally, ether.fi has implemented robust protocol-driven buyback initiatives, further supporting its token’s value.

Buyback Program Boosts Market Confidence

On May 24, 2025, the ether.fi Foundation revealed that it had utilized 105 ETH, valued at approximately $267,000, to repurchase 206,000 ETHFI tokens. This buyback program is funded through withdrawal fees and aims to support the token’s price stability. The platform conducts both weekly and monthly token repurchases, redistributing the acquired tokens to stakers.

Revenue and Staking Rewards

Ether.fi generates revenue through staking and restaking rewards, as well as fees on its liquid vaults. In April 2025, the platform reported revenue of $2.4 million, with a portion allocated to its buyback initiatives. According to the platform’s data, its annualized fees stand at $179 million, while annualized revenue totals $24 million.

Total Value Locked on the Rise

The total value locked (TVL) on ether.fi has shown a steady rebound in recent weeks, reaching $6.7 billion. This increase reflects growing trust in the protocol and its ability to deliver consistent returns to stakers.

As ether.fi continues to implement strategic initiatives and benefit from broader market recovery, its native token, ETHFI, may remain a cryptocurrency to watch for both beginners and seasoned investors.

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