Ether.fi, a decentralized staking protocol, is filled with excitement. In fact, its total value locked (TVL) has surged by over 43% over the past 30 days – surpassing $130 billion. The platform’s weekly fees have reached a high point since February at $3.1 million. At the same time, monthly revenue has dramatically increased, up over $2.4 million. This unprecedented growth is alongside a voluntary token buyback program, which has the community buzzing with excitement and interest in the platform.

That increased activity is resulting in a corresponding uptick in Ether.fi’s trading volume. The platform’s 24-hour volume surged by 291% to $493 million, an impressive sign of market participation. We commit a percentage of our net monthly revenue to a monthly token buyback program. This entire initiative would increase the utility and value of the ETHFI token.

ETHFI’s price has seen some wild swings, both ways. Just last week, it jumped above $2 after reaching a low of $1. From there, the token proceeded to retest the $1.50 level. This price point in the past served as a short-term low in August, September, and November of last year. For ETHFI, $2 is still the next major level to keep an eye out on.

Ether.fi’s market cap is now over $273 million with a fully diluted $1.17 billion valuation. Arthur Hayes, the controversial co-founder of BitMEX Exchange, is an ardent backer of the new platform. His support greatly increases its credibility and visibility.