Ether.fi (ETFI), launched with Binance’s Launchpool, hit an all-time high despite the general market correction.
The liquidity re-staking protocol’s native token, ETFI, reached $8.53, its all-time high level, driven by high demand in the recent period.
According to CoinGecko data, ETFI, the governance token of the protocol, surged from $5.91 to $8.53, a 44% increase in the last 24 hours. Meanwhile, Bitcoin, Ethereum, and major altcoins experienced a general decline.
ETFI erased the drop following the airdrop on March 18 with this rise.
According to DeFiLlama, Ether.fi’s total locked value (TVL) reached $3.18 billion recently, experiencing a significant increase.
Others Might Rise, Too
According to CoinDesk, Ignas, a DeFi expert analyst, suggested that the rise in ETFI could lead to an increase in other re-staking tokens as well. The analyst also stated that Swell, Renzo, Puffer, Kelp, and EigenLayer airdrops would become more efficient as ETHFI rises. among the re-staking tokens are AltLayer (ALT), Pendle (PENDLE), and TENET, according to CoinGecko.
