EtherFi (ETHFI): The Rising Star in Restaking – Is It Worth Holding Long-Term?

Recent Performance Highlights

The native token of ether.fi, ETHFI, has shown remarkable market performance recently:

• **Peaked at $8.66 yesterday**, currently trading at $7.347
• 24-hour surge of 30%, with a 96.5% weekly growth rate
• Part of the ongoing Restaking Paradigm initiative with Manta Network

What’s Driving the Hype?

1. Dual Airdrops: Users staking ETH earn:

   • 2x ether.fi airdrop points
   • EigenLayer airdrop eligibility
   • Liquid staking token weETH
2. Tokenomics: Airdrops allocate 6% + 5% of total supply.

Why EtherFi Stands Out in Restaking

Core Advantages

• Pioneered Restaking: Introduced by EigenLayer’s Sreeram Kannan, leveraging Ethereum’s security via Active Validation Services (AVS).

• Three-Pronged Business Model:

  1. Delegated Staking
  2. Liquidity Pools
  3. Node Services
• Market Leader: TVL nearing $2.5B, surpassing Puffer and KelpDAO.

👉 Discover how ETHFI compares to Lido and other LSDs

Investment Potential

Key Narratives

• Bull Market Favorite: Restaking is a dominant 2024 trend.
• First-Mover Edge: ETHFI is the first tokenized project in its niche.

Valuation Snapshot

• Price: $5.82 (up 30.3% in 24h)
• Market Cap: $671M (11.52% circulating supply)
• Max Supply: 10B ETHFI

Compared to ALT (a restaking-adjacent project):

• ALT’s MCap grew from $2B to $6B post-launch.
• As a pureplay restaking project, ETHFI has higher upside.

Long-Term Hold Prospects

Why It Could Thrive

1. Robust Use Cases: Token utility tied to staking, liquidity, and node operations.
2. TVL Momentum: Projects with >$2B TVL historically sustain growth.
3. Market Position: Likely to remain a top restaking pick during Ethereum upgrades.

👉 Explore ETHFI’s roadmap and partnerships

FAQs

Q: Is ETHFI a good buy now?
A: With strong momentum and institutional interest, it’s a high-risk, high-reward play.

Q: What’s the price target?
A: Analysts project $10+ if restaking gains broader adoption.

Q: How does ETHFI differ from Lido?
A: ETHFI focuses on restaking yields, while Lido dominates vanilla LSDs.

Q: When’s the next airdrop?
A: Phase 2 (5% allocation) is expected mid-2024.

Final Verdict

EtherFi merges Ethereum’s security with innovative restaking rewards, making it a speculative but compelling hold. For risk-tolerant investors, accumulating on dips could pay off long-term.

Remember: Always DYOR and assess market conditions!