Launchpool project on Binance increased sharply by 50% in 1 day
Ether.fi, Binance's latest Launchpool project and liquid restaking protocol, hit an all-time high today as the restaking craze continues to attract crypto investors.
ETHFI has increased by as much as 50% to $7.20 in the last 24 hours.
According to the data, Ether.fi is the leader in the field of liquid staking. According to DefiLlama data, the project's total value locked (TVL) has increased from $100 million to more than $3 billion since the beginning of the year.
Ignas, a prominent DeFi analyst, noted that ETHFI's strong price performance could boost the valuation of other liquid restakin (LRT) tokens to be issued in the future.
Ignas said: “The higher the price of ETHFI, the higher the relative valuation of all other LRT governance tokens will be.”
