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- Open:
- $0.561
- High:
- $0.644
- Low:
- $0.5163
- Close:
- $0.6365
24H–1Y views may use Binance USDT futures candles; MAX and fallback history use CoinGecko. Futures prices can differ from spot prices.
USDT quotes are displayed using 1 USDT ≈ 1 USD. Other currencies use the current USD exchange rate for the entire history, not historical FX rates.
Candle times mark the opening time for Binance data and the closing time for CoinGecko data.
Market Stats
- Market Cap
- $636.67M
- 24h Volume (Binance futures)
- $34.14M
- All-Time High
- $8.53
- CoinGecko · Updated:
- Circulating Supply
- 998.54M ETHFI
- CoinGecko · Updated:
- Market Cap Rank
- #90
Monitor Ether.fi (ETHFI) price movements in real time. Access ETHFI charts, 24-hour trading volume, market cap and multi-currency conversion.
Ether.fi Price Performance
Price changes in each quote currency. BTC, ETH and USDT comparisons use matching USD observations. Fees and investment income are excluded.
| Price pair | 1H | 24H | 7D | 14D | 30D | 1Y |
|---|---|---|---|---|---|---|
| ETHFI / USD | +0.36% | +1.02% | +11.30% | -4.74% | -14.23% | -36.18% |
| ETHFI / BTC | +0.25% | +3.04% | +17.35% | +4.18% | -2.83% | -8.45% |
| ETHFI / ETH | +0.44% | +5.22% | +23.95% | +8.54% | +5.81% | +10.68% |
| ETHFI / USDT | +0.36% | +1.01% | +11.29% | -4.78% | -14.23% | -36.14% |
A dash means reliable, sufficiently recent data is unavailable for that comparison.
ETHFI Spot Markets
Ether.fi prices across every ETHFI spot trading pair we track, with 24-hour volume.
| Pair | Exchange | Price | Volume | Exchange |
|---|---|---|---|---|
| ETHFI/USDT | Binance |
0.6347 USDT
≈ $0.6339
|
$5.4M | |
| ETHFI/USDT | OKX |
0.6346 USDT
≈ $0.6339
|
$2.0M | |
| ETHFI/TRY | Binance |
31.9 TRY
≈ $0.6349
|
≈ $1.4M | |
| ETHFI/USDC | Binance |
0.6377 USDC
≈ $0.6376
|
$759,196 | |
| ETHFI/USDT | Bybit |
0.6343 USDT
≈ $0.6336
|
$715,660 | |
| ETHFI/USD | Kraken |
0.6377 USD
|
$120,021 | Trade on Kraken |
| ETHFI/USDT | KuCoin |
0.637 USDT
≈ $0.6364
|
$105,417 | |
| ETHFI/TRY | OKX |
31.65 TRY
≈ $0.63
|
≈ $27,000 | |
| ETHFI/EUR | Kraken |
0.5656 EUR
≈ $0.6313
|
≈ $17,030 | Trade on Kraken |
| ETHFI/USDC | OKX |
0.6358 USDC
≈ $0.6365
|
$15,330 | |
| ETHFI/EUR | OKX |
0.5669 EUR
≈ $0.6342
|
≈ $7,825 | |
| No results found. | ||||
Updated:
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What is Ether.fi?
Ether.fi is a decentralized, non-custodial liquid staking protocol built on Ethereum that lets users stake ETH while retaining full control of their validator keys — a structural difference from custodial alternatives like Lido staking service. The protocol was founded by Mike Silagadze, the former CEO of education technology company Top Hat, alongside Rok Kopp.
Ether.fi's mainnet launched in early 2023, with the protocol's native governance token ETHFI going live in March 2024 through a Binance Launchpool distribution that significantly expanded its user base and exchange accessibility. When users deposit ETH, they receive eETH, a rebasing liquid staking token that accrues staking rewards automatically and can be used across DeFi protocols such as Pendle, EigenLayer, Aave, and Morpho.
A wrapped version, weETH, is also widely integrated for applications that require a non-rebasing token standard. Ether.fi distinguishes itself by being one of the first liquid staking providers to natively integrate with EigenLayer, meaning staked ETH is automatically restaked to secure additional networks and earn supplementary yield. The protocol has expanded aggressively beyond pure staking: it launched the Liquid vault product for automated restaking strategies, a cash product (Ether.fi Cash) offering a Visa-branded crypto debit card for eligible users, and a mobile-first DeFi experience.
By total value locked, Ether.fi became the largest liquid restaking protocol in 2024, at times surpassing $6 billion in TVL according to DefiLlama. Notable backers and investors include Bullish Capital, North Island Ventures, Chapter One, with follow-on participation from various crypto-native funds. The protocol has undergone multiple audits from firms including Certik, Nethermind, Solidified, and Omniscia, and it operates a distributed node operator set rather than a closed permissioned validator list.
Governance of the protocol is conducted through ETHFI token holders, who vote on treasury allocations, fee parameters, and product direction via a Snapshot-based system. Controversies and debates around Ether.fi have largely mirrored wider liquid-restaking discussions — specifically concerns raised by Ethereum researchers (including Vitalik Buterin) about the systemic risks of restaking concentration and slashing propagation.
Ether.fi has responded by publishing risk frameworks, diversifying AVS (actively validated service) exposure within its Liquid vaults, and emphasizing its non-custodial architecture. The team is headquartered with a distributed global workforce and maintains an active presence at major Ethereum events including Devcon and EthCC. As of the ETHFI token generation event, the project completed airdrops to early depositors and loyalty-point holders in multiple seasons, a strategy that drew both praise for user rewards and criticism over tokenomics unlock schedules.
The ecosystem continues to evolve with integrations into leading money markets, yield aggregators, and cross-chain bridges including LayerZero-powered deployments on networks such as Arbitrum, Base, Linea, and Blast. On-chain analytics dashboards on Dune and DefiLlama provide protocol-level insights.
Key Features of Ether.fi
- Non-Custodial Key Control: Unlike most liquid staking providers, Ether.fi issues users their own validator keys through an encrypted, staker-controlled NFT. This architecture prevents the protocol from unilaterally exiting validators, materially reducing custodial risk compared to alternatives.
- eETH Liquid Staking Token: Depositing ETH mints eETH, a rebasing token that accrues staking yield directly in wallet balances. A wrapped, non-rebasing version (weETH) is also available for DeFi protocols like Aave, Pendle, and Morpho that require fixed-balance ERC-20s.
- Native EigenLayer Restaking: All ETH staked through Ether.fi is automatically restaked via EigenLayer, compounding base staking rewards with AVS restaking yields. Users gain this exposure without manually managing restaking positions or additional smart-contract interactions.
- Liquid Vaults Strategies: Ether.fi Liquid offers curated, automated vaults that deploy capital across restaking, DeFi yield, and BTC-based strategies. Vaults are managed by institutional risk partners such as Seven Seas and Gauntlet, abstracting complex yield optimization into a single deposit.
- Ether.fi Cash Card: Ether.fi Cash is a Visa-branded crypto debit and credit product allowing eligible users to spend against their staked and restaked holdings. It bridges on-chain yield assets with real-world payments, a rare offering among staking-focused protocols.
Ether.fi Use Cases
- Liquid ETH Staking: Ethereum holders can stake ETH to earn consensus and execution rewards while receiving eETH, which remains freely transferable and usable across DeFi. This solves the classic illiquidity problem of locked native staking positions.
- DeFi Collateral and Yield: weETH is accepted as collateral on major money markets including Aave and Morpho, enabling users to borrow stablecoins against yield-bearing positions. It is also a leading asset on Pendle for fixed-yield and points-trading strategies.
- Restaking Exposure: Users seeking EigenLayer AVS yields without operating nodes can gain passive exposure simply by holding eETH or weETH. Ether.fi handles validator duties, AVS selection, and reward distribution on behalf of depositors.
- Crypto-Native Spending: Through Ether.fi Cash, holders can use a Visa card linked to their on-chain balances for everyday purchases. This lets users avoid selling ETH or eETH while still accessing fiat-equivalent spending power.
- Governance Participation: ETHFI token holders vote on protocol upgrades, fee switches, treasury allocations, and new product launches via Snapshot governance. Active delegates and DAO contributors can influence strategic direction including restaking risk policies.
Ether.fi Tokenomics
- Total Supply
- ETHFI has a maximum supply of 1,000,000,000 tokens, as specified at the token generation event in March 2024. Allocations were split across core contributors, investors, the DAO treasury, protocol rewards, and community airdrops.
- Circulating
- Circulating supply has grown through scheduled unlocks following the initial launch distribution.
- Utility
- ETHFI is the governance token for the Ether.fi DAO, used for voting on protocol parameters, treasury decisions, and product roadmap items. It also underpins staking and loyalty programs within the Ether.fi ecosystem, including boosts on Liquid vault rewards.
- Emission
- Token emissions follow a multi-year vesting schedule with cliffs and linear unlocks for team, investor, and ecosystem allocations that began at the March 2024 TGE. Community airdrops and reward emissions continue in seasons tied to user participation metrics.
Frequently Asked Questions
Can I stake ETHFI to earn rewards?
Yes, Ether.fi has offered ETHFI staking programs that grant governance power and additional rewards, including Season-based point accruals and partner incentives. Check the official Ether.fi app for the current staking module and APR, as terms change between seasons.
What drives the value of Ether.fi (ETHFI), and what are its risks?
ETHFI is a volatile governance token tied to the performance of the liquid restaking sector, and no asset is guaranteed to appreciate. Its fundamentals include being the largest liquid restaking protocol by TVL, but risks include token unlock dilution, restaking-specific slashing risks, and broader crypto market cycles. Always do your own research and consider consulting a licensed financial advisor.
What determines the minimum spot order for ETHFI?
The minimum depends on the platform, trading pair and order type. Check both the minimum quantity of ETHFI and the minimum order value in the pair’s quote asset. The price of one coin is not the minimum purchase amount. Check current trading rules and fees, and confirm that the service is available to your account and location. Also check permitted quantity increments; minimum deposits and withdrawals are separate.
Is Ether.fi safe to use?
Ether.fi has undergone multiple third-party audits from firms including Certik, Nethermind, and Omniscia, and its non-custodial design reduces operator risk compared to most alternatives. However, smart contract risk, EigenLayer slashing risk, and operational risks still exist, so users should size positions accordingly and monitor official disclosures.
Where can I store ETHFI after buying?
ETHFI is an ERC-20 token, so it can be stored in any Ethereum-compatible wallet such as MetaMask, Rabby, Trust Wallet, or hardware wallets like Ledger and Trezor. Self-custody is generally safer than leaving tokens on an exchange for long-term holding.
Does holding ETHFI give me a share of protocol revenue?
ETHFI is primarily a governance token, and the DAO can vote to activate fee-sharing or buyback mechanisms, but any revenue distribution depends on live governance proposals. Review the latest Snapshot votes and the Ether.fi documentation to confirm the current economic role of the token.
Risk Warning
Cryptocurrency prices are highly volatile and can change rapidly. The information on this site is provided for informational purposes only and does not constitute financial, investment, or trading advice.