ETHFI (ether.fi) has risen 13.71% in the last 24 hours.

Gate News Bot news, on September 18, according to CoinMarketCap data, ETHFI (ether.fi) is currently priced at $1.67, rising 13.71% in the last 24 hours, with a high of $1.68 and a low of $1.40. The 24-hour volume reached $206 million. The current market capitalization is approximately $855 million, an increase of $103 million compared to yesterday.

ether.fi is a platform focused on cryptocurrency storage, appreciation, and payments. Its main features include staking, liquidity mining, and crypto credit cards, among others. The platform allows users to stake assets such as ETH, BTC, and stablecoins to earn yields and provides automated yield strategies. ether.fi also launched a non-custodial crypto credit card that can be used at over 100 million merchants worldwide and offers up to 3% cash back.

Important news about ETHFI recently:

1️⃣ Large-scale Token Buyback and Burn The ether.fi Foundation has recently been actively repurchasing ETHFI tokens, using 73 ETH (approximately $314,000) of protocol revenue to acquire 264,000 ETHFI. At the same time, about 155,000 ETHFI have been destroyed, and 108,000 ETHFI have been distributed to sETHFI holders. These operations have effectively reduced the circulating supply in the market, providing strong support for the ETHFI price and are one of the key factors driving the recent price rise.

2️⃣ User registration significantly rises The ether.fi platform has recently experienced an explosive growth in user registrations of nearly 600%. Despite the pressure this surge placed on the system, the platform quickly completed system upgrades and returned to normal operation. The rapid expansion of the user base reflects a strong market demand for ether.fi services, which is expected to drive the long-term value rise of the ETHFI token.

3️⃣ Technical breakout new high The price of ETHFI has risen by 13.71% in the past 24 hours, breaking the previous high of $1.44 and reaching a new high of $1.68. The volume has concurrently expanded to $206 million, significantly up from the previous $170 million, indicating sustained buying strength. In the short term, ETHFI may continue to maintain its upward momentum, but investors should remain vigilant about the risk of a pullback.

This message does not constitute investment advice; investors should be aware of market volatility risks.