ETHFI price soared up to 150% this week; but why?
Submitted by Anonymous (not verified) on Fri, 03/29/2024 - 02:30The stellar rise of ETHFI's price can be tied to investor optimism and strong fundamentals, Modular Crypto co-founder weighs in.
The stellar rise of ETHFI's price can be tied to investor optimism and strong fundamentals, Modular Crypto co-founder weighs in.
Prisma Finance was exploited for over $11 million on Mar.
The performance of EtherFi's token could lift valuations of other restaking platforms ahead of their airdrops, one analyst noted.
Liquid restaking protocol Ether.Fi has issued its governance token (ETHFI) in the form of an airdrop and an over-subscribed Binance Launchpad round
Tron founder Justin Sun deposited 120,000 ether worth $480 million into liquid restaking protocol Ether.Fi, according to blockchain data.
Swell developed the rollup alongside Ethereum scaler AltLayer and a16z-backed crypto-staking project EigenLayer.
Ether.Fi has shot to the top of the list of crypto's hottest projects as the biggest liquid-restaking protocol by total value locked, or TVL.
Liquid restaking protocol Ether.Fi will commit $600 million worth of ether {{ETH}} in a delegation deal to secure the Omni Network.
Liquid restaking protocol ether.fi has raised $23 million in a Series A round led by Bullish Capital and CoinFund.
The pioneering restaking project EigenLayer, led by Sreeram Kannan, isn't even live but investors are piling in.
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