$ETHFI Weekly Update: Holding Steady Amidst Market Challenges 🌊🌩️

ETHFI is showing mixed results this week. While the TVL has seen a slight 2% increase to $4.96 billion📈, the market cap took a hit, dropping 7% to $158.52 million. 😅

Unfortunately, 97% of token holders are currently in the red. 🤮Despite this, the 7-day average trading volume remains relatively strong at $55 million.

A positive development is #ETHFI 's partnership with Symbiotic, 🤝expanding its restaking options beyond EigenLayer. This move has already seen $375 million in TVL flowing into the Symbiotic platform. 🌞🤷

However, the correlation of ETHFI's price with $BTC remains a significant factor, with both assets experiencing a decline over the past week. 🌩️😖

Large holders 🐳💦 continue to dominate the market, controlling 96% of the tokens. This concentration of ownership could influence price volatility. 🪤

While the overall picture isn't rosy, 🥀the expansion into new platforms like Symbiotic is a promising sign for ETHFI's future. DYOR! 😤#Altcoins