Ether.Fi's $ETHFI Jumps 50% to Record, May Boost Valuations for Liquid Restaking Token Airdrops: Analyst

Restaking has become one of the hottest sectors in DeFi, with new protocols leveraging Ethereum's proof-of-stake blockchain to secure other networks.

$ETHFI hit a record high $7.2 Wednesday, withstanding the declines in ether and the broad-market CoinDesk 20 Index.

The performance could bolster valuations for other liquid restaking tokens ahead of their airdrops, one analyst noted.

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