ether.fi
ETHFI
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ether.fi price
in EUR€0.94854
-- (--)
EUR
Market cap
€532.70M #71
Circulating supply
562.05M / 1B
All-time high
€7.401
24h volume
€65.47M
Rating
3.7 / 5
About ether.fi
ETHFI is the native cryptocurrency of ether.fi, a decentralized finance (DeFi) platform that simplifies staking and earning rewards on Ethereum. Unlike traditional staking, ether.fi allows users to stake their Ethereum (ETH) while maintaining control of their assets, offering a secure and flexible way to earn passive income. The ETHFI token is used within the ecosystem for governance, staking rewards, and accessing premium features. With its focus on user-friendly solutions and innovative yield opportunities, ETHFI is designed to make DeFi accessible to everyone, from beginners to experienced crypto users. As the platform grows, ETHFI continues to play a key role in shaping the future of decentralized finance.
AI insights
ether.fi’s price performance
Past year
-31.19%
€1.38
3 months
-13.04%
€1.09
30 days
-25.71%
€1.28
7 days
-27.23%
€1.30
ether.fi on socials
BURN A LOT BUT $CAKE IS STILL INFLATIONARY?
PancakeSwap is operating under the Net #CAKE Deflation mechanism, which means the total amount of CAKE minted is subtracted by the amount burned weekly/monthly, with a long-term goal of achieving a deflation rate of about 4% per year.
*In theory, the total supply of CAKE is gradually decreasing - clearly shown on the Dune Dashboard.
*However, the circulating supply continues to increase, especially strongly from the beginning of 2024 to now. The main reasons include:
- The mint per-block mechanism on the BNB Chain: when the block time is shortened (from ~1.5s to ~0.75s), the amount of CAKE issued in real-time increases if cakePerBlock has not been adjusted in time.
Unlocking veCAKE & staking pool: the amount of CAKE that was previously locked (lock/stake) is now returning to circulation.
- Farming programs, IFO, CAKE.PAD still require rewards in newly minted CAKE before being burned later.
=> In other words, CAKE has a decreasing total supply - but the circulating supply is still expanding, causing short-term inflationary pressure to persist even though the overall model is "deflationary."
=> If Pancake does not further reduce per-block emission or significantly increase real-time burns, this situation of "net deflation but circulating inflation" will continue.
Steven | Crypto Research
As of mid-October, projects have spent over $1.40 billion on buybacks in 2025, averaging ~ $145.9 million per month.
In particular, the second half of the year saw a significant acceleration: buyback spending from July onwards increased by ~ 85% month-over-month.
1- Among them, Hyperliquid absolutely dominates.
They have spent $644.64M to buy back $HYPE tokens - equivalent to 46% of the total buyback market in 2025, nearly equal to the next 9 major projects combined.
=> Approximately 21.36M #HYPE (~2.1% of total supply) has been bought back, averaging $65.5M/month, with an average price of $30.18/token.
2- LayerZero ranks second with a $150M buyback (~5% of $ZRO supply).
=> Average purchase price ~$3. However, LayerZero asserts that this is just a one-time event, not a recurring program => the potential to be surpassed by projects with "real revenue streams". The price of the ZRO token remains negative.
3- Pumpfun ranks third with $138.17M, averaging $40.47M/month, buying back ~3% of total supply at an average price of $0.0046 on $PUMP.
4- Raydium ($RAY) – the only project maintaining periodic buyback & burn since 2022, has spent $100.35M.
*I see buybacks for most projects as news primarily to retain holders; if revenue dries up, buybacks become "money-burning to maintain price" - no different from stock buybacks during the dot-com era. Conversely, for projects with real cash flow (like Hyperliquid), buybacks become a long-term value weapon.
- What are your thoughts?
As of mid-October, projects have spent over $1.40 billion on buybacks in 2025, averaging ~ $145.9 million per month.
In particular, the second half of the year saw a significant acceleration: buyback spending from July onwards increased by ~ 85% month-over-month.
1- Among them, Hyperliquid absolutely dominates.
They have spent $644.64M to buy back $HYPE tokens - equivalent to 46% of the total buyback market in 2025, nearly equal to the next 9 major projects combined.
=> Approximately 21.36M #HYPE (~2.1% of total supply) has been bought back, averaging $65.5M/month, with an average price of $30.18/token.
2- LayerZero ranks second with a $150M buyback (~5% of $ZRO supply).
=> Average purchase price ~$3. However, LayerZero asserts that this is just a one-time event, not a recurring program => the potential to be surpassed by projects with "real revenue streams". The price of the ZRO token remains negative.
3- Pumpfun ranks third with $138.17M, averaging $40.47M/month, buying back ~3% of total supply at an average price of $0.0046 on $PUMP.
4- Raydium ($RAY) – the only project maintaining periodic buyback & burn since 2022, has spent $100.35M.
*I see buybacks for most projects as news primarily to retain holders; if revenue dries up, buybacks become "money-burning to maintain price" - no different from stock buybacks during the dot-com era. Conversely, for projects with real cash flow (like Hyperliquid), buybacks become a long-term value weapon.
- What are your thoughts?
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ether.fi FAQ
Currently, one ether.fi is worth €0.94854. For answers and insight into ether.fi's price action, you're in the right place. Explore the latest ether.fi charts and trade responsibly with OKX.
Cryptocurrencies, such as ether.fi, are digital assets that operate on a public ledger called blockchains. Learn more about coins and tokens offered on OKX and their different attributes, which includes live prices and real-time charts.
Thanks to the 2008 financial crisis, interest in decentralized finance boomed. Bitcoin offered a novel solution by being a secure digital asset on a decentralized network. Since then, many other tokens such as ether.fi have been created as well.
Check out our ether.fi price prediction page to forecast future prices and determine your price targets.
Dive deeper into ether.fi
Ether.Fi is a fundamentally new staking protocol for Ethereum. Ether.Fi is the staking protcol that allows participants to retain control of their keys while degating staking. Depositors receive eETH, our liquid staking token that is widely usable across defi.
Deposits to Ether.Fi are natively re-staked with Eigenlayer. Eigenlayer repurposes staked ETH to support external systems (e.g., rollups, oracles) with an economic security layer, which increases yield for ETH stakers in the process.
Founded by mike and Rock, in 2021, Ether.Fi SEZC is a research and development company that serves as one of the contributors to Ether.Fi.
The mission of Ether.Fi is to provide liquid, decentralized access to the restaking ecosystem while enabling others to develop infrastructure on top of delegated staking. The protocol is controlled by ETHFI, the governance token of Ether.Fi.
How does it work
When a user deposits ETH into the protocol they receive eETH in exchange on a 1:1 basis. This enables the depositor to maintain control of their collateral for use across defi while it earns stake + re-staking yield.
ETHFI governance token holders can participate in protocol curation, including protocol and fee upgrades as well as treasury deployment.
ETHFI price and tokenomics
The maximum supply of ETHFI is 1 Billion and was minted at genesis. The other key details of ETHFI are:
- DAO treasury: 23.3% of token supply is allocated to the DAO and governed directly by ETHFI voting.
- Ecosystem Rewards: 16% of token supply is allocated to ecosystem development and rewards.
- Airdrop: 8% of the token supply is allocated to a multi-season airdrop campaign to encourage TVL growth.
ETHFI highlights
Since launching in March 2022, Ether.Fi has seen rapid growth in TVL and eETH adoption across the Defi ecosystem. With over 2.3B staked, it is the largest liquid restaking protocol, with over 73,000 depositors.
ETHF1 FAQs
What is ETHFI?
ETHFI is the native governance token for the Ether.Fi protocol. ETHFI holders manage key aspects of the protocol including major protocol upgrades, fee structures and re-staking activities.
What is eETH?
eETH is Ether.Fi's liquid restaking token. It represents the collateral deposited by ETH holders on a 1:1 basis and accrues protocol yield from native staking and re-staking, while enabling the other to freely use their deposit collateral across defi.
Disclaimer
The social content on this page ("Content"), including but not limited to tweets and statistics provided by LunarCrush, is sourced from third parties and provided "as is" for informational purposes only. OKX does not guarantee the quality or accuracy of the Content, and the Content does not represent the views of OKX. It is not intended to provide (i) investment advice or recommendation; (ii) an offer or solicitation to buy, sell or hold digital assets; or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, involve a high degree of risk, can fluctuate greatly. The price and performance of the digital assets are not guaranteed and may change without notice.
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OKX does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/tax/investment professional for questions about your specific circumstances. For further details, please refer to our Terms of Use and Risk Warning. By using the third-party website ("TPW"), you accept that any use of the TPW will be subject to and governed by the terms of the TPW. Unless expressly stated in writing, OKX and its affiliates (“OKX”) are not in any way associated with the owner or operator of the TPW. You agree that OKX is not responsible or liable for any loss, damage and any other consequences arising from your use of the TPW. Please be aware that using a TPW may result in a loss or diminution of your assets. Product may not be available in all jurisdictions.
Market cap
€532.70M #71
Circulating supply
562.05M / 1B
All-time high
€7.401
24h volume
€65.47M
Rating
3.7 / 5