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<a href="https://bitcoinworld.co.in/ethfi-token-started-strong-but-faced-a-20-drop-in-value-post-debut/" title="ETHFI Token Started Strong But Faced A 20% Drop In Value Post-Debut" rel="noopener noreferrer nofollow"></a>
<ul>
 <li style="font-weight: 400">ETHFI, Ether.Fi’s governance token, launched at $4.13 but faced a 20% drop in value.</li>
 <li style="font-weight: 400">The token achieved a trading volume of over $118 million in the first 45 minutes on Binance.</li>
 <li style="font-weight: 400">Ether.Fi’s total value locked (TVL) surged by 117% in the last 30 days, nearing $3 billion.</li>
</ul>
Ether.Fi, known for its liquid restaking protocol, has officially launched its governance token, ETHFI, starting at an opening price of $4.13.&nbsp;
This follows the token’s distribution through an airdrop and a Binance Launchpad round.&nbsp;
Despite the initial interest, ETHFI saw a decline of over 20%, with its current trading <a href="https://www.binance.com/en/price/ether-fi-ethfi" rel="noopener noreferrer nofollow">price</a> at $3.41 on Binance at the time of writing. In the early trading phase, the token achieved a volume of more than $118 million within just 45 minutes.
ETHFI’s fully diluted value (FDV) has reached $3.6 billion, suggesting the market’s valuation with the total supply in circulation.&nbsp;
See Also: <a class="row-title" href="https://bitcoinworld.co.in/okx-to-end-usdt-pairs-in-eu-yet-to-list-solana-meme-coins/" aria-label="“OKX To End USDT Pairs In EU, Yet To List Solana Meme Coins” (Edit)" rel="noopener noreferrer nofollow">OKX To End USDT Pairs In EU, Yet To List Solana Meme Coins</a>
The token’s launch involved significant participation, with over $2 billion in FDUSD stablecoin and 17.3 million BNB, equivalent to $10 billion, staked on the Binance Launchpad.&nbsp;
Participants in this Launchpad received ETHFI allocations proportional to their staking contributions.
The token’s maximum supply is limited to one billion, with 20 million designated for the Binance Launchpad and 60 million reserved for the initial airdrop phase, which concluded on March 15.&nbsp;
A subsequent distribution of 50 million tokens is planned for the upcoming “season two.”&nbsp;
The distribution plan outlines that investors will get 32.5% of the total supply over two years, and core contributors are allocated 23.26% over three years, setting the initial circulating supply at 115.2 million tokens.
See Also: <a class="row-title" href="https://bitcoinworld.co.in/solana-surpasses-ethereum-in-user-activity-amidst-surge-in-meme-coins-like-book-of-meme/" aria-label="“Solana Surpasses Ethereum in User Activity Amidst Surge in Meme Coins like ‘Book of Meme’” (Edit)" rel="noopener noreferrer nofollow">Solana Surpasses Ethereum in User Activity Amidst Surge in Meme Coins like ‘Book of Meme’</a>
Parallel to the token’s release, Ether.Fi’s Total Value Locked (TVL) has seen a substantial increase of 117% over the past month, with deposits nearing $3 billion, as reported by <a href="https://defillama.com/protocols/Liquid%20Restaking" rel="noopener noreferrer nofollow">DefiLlama</a>.&nbsp;
The protocol offers a restaking mechanism for ether (ETH) stakeholders to earn additional yield through a liquid restaking token (LRT), which can be utilized in various protocols, alongside earning loyalty points for token airdrops.
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The post <a href="https://bitcoinworld.co.in/ethfi-token-started-strong-but-faced-a-20-drop-in-value-post-debut/" rel="noopener noreferrer nofollow">ETHFI Token Started Strong But Faced A 20% Drop In Value Post-Debut</a> appeared first on <a href="https://bitcoinworld.co.in" rel="noopener noreferrer nofollow">BitcoinWorld</a>.

ETHFI Token Started Strong But Faced A 20% Drop In Value Post-Debut

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