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#ETHFI ETHFI coin, as the name suggests, is a unique Token on the Ethereum network. Ethereum, the world's second-largest Crypto Assets platform, leads the way with its smart contracts and Decentralization Applications (DApps). And now, where does the rise of the ETHFI coin push the boundaries of Ethereum? The concept of restaking, proposed by Sreeram Kannan, the founder of EigenLayer, is a core mechanism that allows your ETH (and various LST) to work again, stake it on other protocol and DApp, and participate in the verification process. EigenLayer directly connects to the security and liquidity of Ethereum through the Active Verification Service (AVS), allowing you to enjoy the security of Ethereum without the need to build an additional economic and verification system.
Expected Valuation: Currently, the price of Ether.fi (ETHFI) is trading at $5.82, 24-hour volume reached $541 million, and the price has pump 30.3% in the last 24 hours. ETHFI has a circulating supply of 115 million, a max supply and a total supply of 1 billion, a liquidity rate of 11.52%, and a circulating market capitalization of $671 million. Currently, Ether.fi TVL is close to $2.5 billion, second only to LDO. EtherFi initially entered the LSD market to compete with Lido, but then successfully transitioned to LRT and achieved new developments. Compared with other projects, EtherFi can support native stake ETH, go live earlier, and perform steadily, so it is firmly in the leading position of TVL. As a pioneer of re-stake zone, EtherFi has attracted much attention, and there is no clear reference yet. In contrast, ALT market capitalization pump from US$2 billion long to US$6 long billion due to its involvement in the concept of re-stake, a strong performance. As an orthodox re-stake project, EtherFi has greater potential and will become the focus of the market in the coming months. Considering the hype potential of the entire re stake zone as well as its strong $3 billion TVL, EtherFi is strong. For investors who are willing to take risks, long term holding is also a good choice, because the market capitalization of ALT can pump to $6 billion within a month after the coin is issued, and EtherFi, as a tuyere project, why can't it? Therefore, I personally believe that it is expected to break through $10 and continue to rise!