Ether.fi, a top network on Ethereum, went on a short pinch when the total locked value jumped to a record high.
Ether.fi (Ethfi) price rose to $ 1,1397 on Sunday, with 215% of the lowest level this month. This brought its market capitalization to more than $ 273 million and its completely diluted appreciation of $ 1.17 billion. The 24-hour volume rose by 291% to $ 493 million.
The Ethfi token jumped when the total value in its ecosystem to a record high of 2.72 million ETG jumped, an increase of 2.42 million in January. It has risen from 46,000 in January last year.
The TVL has risen to $ 6.86 billion in US dollars, making it the fourth largest player in the decentralized financial platform.
This growth has led to a major increase in the weekly reimbursements. Defi Lama Data shows that the weekly costs have risen to $ 3.1 million, the highest point since February of this year. Ether.fiThe monthly income of the month has risen to $ 2.4 million, with part of it to his token -backkoop.
The network of Ether.fi has done well in recent days because of the current price peak of Ethereum (ETH). After they deposited $ 1,388 in April, the Ethereum price rose to a high point of $ 2,595, the highest level since February.
Other Ethereum Defi networks have also had inflow because the price has risen the price. As a result, the total value in its network has risen by 43% in the last 30 days to more than $ 130 billion.
Ethfi Price Technical Analysis
The daily graph shows that the Ethfi price has returned in recent weeks and moved from a low of $ 0.3937 to more than $ 1 in April. It has risen above the exponential advancing averages of 50 days and 100 days, a sign of gaining momentum.
Ethfi, which supports Arthur Hayes, has also tested the important resistance point at $ 1.50, the lowest point in August, September and November last year. That is why the price of the coin will probably continue to rise, with the next point to look at $ 2.
