Ether.fi (ethfi)-token-dumps according to trade debut

• ETHFI, the governance token of the liquid-restaking protocol ther.fi, fell by almost 30 %.
• The token of ether.fi is listed on large exchanges such as bony and okx.

The price of ETHFI, the governance token of the liquid-restaping protocol ther.fi, fell by 30 % only a few hours after its market debut.

ETHFI is on important stock exchanges, including Binance and OKX, noted and was traded with maximum levels of $ 5.32. However, since the profit -taking was in full swing, the price of the token fell by about 30 % and reached low -levels of $ 3.30.

According to Coingecko, Ether.Fi has a market capitalization of $ 394 million at the time of writing and a fully diluted evaluation (FDV) of $ 3.4 billion. The circulation of the token is 115.2 million ETHFI, while the total supply is 1 billion ETHFI.

ether.fi recorded a trading volume of $ 250 million. defillama The data show that the Total Value lock (TVL) is 2.97 billion US dollars. This is a slight decline compared to the highest level of $ 3.13 billion on March 15, 2024.

ethfi-tokenomics

ether.fi is a huge protocol in the liquid response area and the interest and the hype was therefore huge.

The start in the Binance launch pool was one of the largest in the last listings. After the airdrop of the first season of 6 % of the total offer, 5 % are introduced in the second season. The window for airdrop applications from the first season remains open for 90 days, according to the platform.

While analysts are optimistic about the future of ether.fi as a project, the only troubling factor for the owners is the tokenomics of the project.

The allocation of ETHFI token aims to promote long-term and intensive commitment to important governance decisions for the continuing success of the company https://t.co/gbhcksxzp2 Protokoll.

The ETHFI-AIRDROP will consist of two seasons. Season 1 is 6 % of the total token supply. Season 2 receives 5 % of the… pic.twitter.com/sboijqafor

- ether.fi (@ether_fi) 16. March 2024

With 1 billion tokens, almost 56 %-more precisely 55.76 %-go to private investors and main contribution payers. Private investors have 32.5 % of the ETHFI offer, while core team members will have 23.26 % of the total offer, as can be seen from the tokenomics details of the project.