ETHFI (ether.fi) fell 10.70% in the last 24 hours.

Gate News Bot message, November 4, according to CoinMarketCap, as of the time of writing, ETHFI (ether.fi) is currently priced at $0.82, falling 10.70% in the last 24 hours, with a high of $1.04 and a low of $0.82. The current market capitalization is approximately $465 million, a decrease of $55.6406 million compared to yesterday. It is currently ranked 103rd in market capitalization.

ether.fi is a platform focused on cryptocurrency storage, appreciation, and consumption. The platform offers staking services, allowing users to earn additional income and rewards while maintaining exposure to ETH, BTC, or stablecoins. ether.fi also provides a liquidity strategy vault that can automate users' earnings. Additionally, the platform plans to launch a non-custodial credit card that supports cashback, usable at over 100 million merchants worldwide.

Important news about ETHFI recently:

1️⃣ 50 million USD buyback plan receives community support The ether.fi community is considering a significant financial decision to allocate up to $50 million from the treasury for the repurchase of ETHFI tokens. The plan sets a price threshold of $3, aiming to execute the buyback when the price of ETHFI tokens falls below this level. Currently, this proposal has received 100% support within the community, with voting ending on November 4, 2025. This initiative reflects the project's confidence in the value of the token and may also have a positive impact on the market supply and demand relationship.

2️⃣ Total locked value and income significantly increased ether.fi demonstrated strong growth momentum in the third quarter. The total value locked (TVL) in the protocol reached $11.51 billion, an increase of 78% compared to the previous quarter. Quarterly fee revenue climbed to $77 million, up 85% quarter-on-quarter. Protocol revenue also performed impressively, reaching $16.9 million, with a quarter-on-quarter increase of 78%. The monthly active user count approached 30,000, and these figures reflect significant progress in user adoption and business expansion for the platform.

3️⃣ Annual revenue approaching the $100 million milestone The financial performance of ether.fi continues to be strong, with annualized revenue approaching the $100 million mark. The revenue for October alone has exceeded $8 million, representing a growth of 180% compared to the beginning of the year. This trajectory of revenue growth demonstrates the scalability and profitability of the platform's business model, laying a solid foundation for long-term development.

Despite the 10.70% fall of ETHFI in the past 24 hours, the fundamentals of the ether.fi platform show a strong growth trend. The significant increase in total locked value, notable growth in revenue, and the upcoming buyback plan may provide long-term support for the ETHFI token. However, short-term market sentiment and the overall cryptocurrency market trend may still impact the price.

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