- Analisado
- 22 de out. de 2026
- Motor
- v5.2.0
- Calculado
- 2026-10-22 05:31 UTC
- Hash de entradas
- 96c5fc5ac4b9
O Lite desbloqueia Ether.fi por completo. Variação, cenário, sinal, fatores de risco, catalisadores.
Pesquisa, não constitui aconselhamento financeiro. Leia os termos.
Evidências dos pilares
Conjunto de dados 22 de out. de 2026. 5 fontes, 12 citações.Em inglês
Sustentabilidade75
Transparência85
Receita78
Inovação90
Comunidade65
Tokenomics80
Fontes
- 1defillama.com/protocol/ether.fiCitado por Sustentabilidade, Transparência, Receita, Comunidade
- 2etherfi.gitbook.io/etherfi/ether.fi-whitepaperCitado por Sustentabilidade, Inovação
- 3github.com/etherfi-protocol/smart-contractsCitado por Transparência, Inovação
- 4coingecko.com/en/coins/ether-fiCitado por Receita, Comunidade, Tokenomics
- 5etherfi.gitbook.io/etherfi/tokens-and-governance/ethfi-tokenCitado por Tokenomics
Sobre Ether.fi
Análise de 22 de out. de 2026Em inglês Tradução pendente: esta análise é apresentada em inglês.
Ether.fi (ETHFI) is a non-custodial Ethereum liquid restaking and decentralized banking protocol. As of October 22, 2026, roughly 927 million ETHFI circulate out of a 1 billion maximum supply.
Visão geral completaMostrar menos
DeFiLlama tracks $2.84 billion in protocol TVL across Ethereum and $141 million deployed on OP Mainnet. The platform generates about $11.2 million in 30-day fees and $2.8 million in 30-day protocol revenue from eETH restaking, Liquid vaults, and Cash card spending.
Users retain validator key control while earning native Ethereum staking and EigenLayer rewards. In August 2026, the team revamped its Cash neobank platform to add portfolio borrowing and tokenized asset access.
Tese de investimento
Ether.fi combines Ethereum liquid restaking with consumer DeFi banking products as of October 22, 2026. DeFiLlama records $2.84 billion in TVL alongside $11.2 million in 30-day fees and $2.8 million in 30-day protocol revenue, or roughly $34 million annualized.
Tese completaMostrar menos
While that run rate trails the $55 million trailing-year total after TVL contracted from $5.2 billion, fee generation remains among the highest in Ethereum restaking. Furthermore, circulating supply reached 927 million of the 1 billion ETHFI cap (92.7%), reducing remaining unlock overhang to 7.3%.
The August 2026 neobank revamp, $141 million in OP Mainnet TVL, and $20 million in OP Mainnet borrows diversify revenue beyond EigenLayer spreads. Protocol fee buybacks and sETHFI staking rewards channel cash flows to token holders.
Primary risks include sensitivity to Ethereum staking yields, competition from Lido, and multi-chain execution across Cash and RWA vaults.
Pontos fortes
- Maintains $2.84 billion in DeFiLlama TVL across Ethereum restaking and $141 million in OP Mainnet liquidity.
- Generates $11.2 million in 30-day fees and $2.8 million in 30-day protocol revenue, with $55 million in trailing-year protocol revenue.
- Circulating supply stands at 927 million of the 1 billion ETHFI cap (92.7%), leaving only 7.3% remaining vesting dilution.
- Diversifies beyond eETH restaking through the August 2026 Cash neobank revamp, OP Mainnet borrowing, and Plume and Superstate RWA vaults.
- Channels protocol revenue into systematic ETHFI buybacks and sETHFI staking incentives alongside European 21Shares ETP access.
Riscos
- Protocol TVL contracted to $2.84 billion from earlier $5.2 billion highs, leaving revenue exposed to Ethereum price and restaking yields.
- Annualized 30-day protocol revenue of $34 million trails the prior $51 million pace due to DeFi yield compression.
- Lido and competing liquid restaking protocols maintain deeper secondary liquidity and lower-complexity staking wrappers.
- Operating consumer payment cards, OP Mainnet credit lines, and RWA vaults increases smart-contract and regulatory compliance surface area.
Posição competitiva
Ether.fi leads the Ethereum liquid restaking category with $2.84 billion in DeFiLlama TVL as of October 2026, ahead of Renzo and Kelp DAO while trailing Lido in base liquid staking. Unlike pure restaking wrappers, Ether.fi retains non-custodial validator key architecture and operates a consumer banking layer on OP Mainnet with $141 million in TVL.
Posição completaMostrar menos
Monthly fees of $11.2 million and $2.8 million in protocol revenue fund direct ETHFI buybacks and sETHFI rewards, providing stronger value capture than governance-only DeFi tokens. While Lido benefits from deeper institutional liquidity and simpler staking mechanics, Ether.fi captures higher-margin yield management across Liquid vaults, Cash cards, and RWA integrations.
Conclusão
As of October 22, 2026, Ether.fi pairs a $2.84 billion liquid restaking footprint with $34 million in annualized protocol revenue and a 92.7% circulating token float. Although TVL and monthly revenue cooled from early 2026 peaks, the August 2026 Cash neobank revamp and $141 million OP Mainnet deployment broaden fee sources.
Conclusão completaMostrar menos
Investors can accumulate ETHFI for fee-backed DeFi exposure while monitoring TVL stability and neobank card growth.
