Ether.Fi Token Hits Record High as Liquid Staking Protocols Gain Momentum

ETHFI, Ether.Fi's governance token, hit a record high of $7.2 on Wednesday, outperforming declines in ether, bitcoin, and the CoinDesk 20 Index
The rally recovered losses after ETHFI's airdrop on March 18 initially sent the token as high as $5 before declining below $3
Ether.Fi has become a leader in liquid restaking protocols, with total value locked surging to over $3B in 2022
The strong ETHFI price performance could boost valuations of other liquid restaking tokens set for future airdrops
Analysts predict the valuations of upcoming airdrops from Swell, Renzo, Puffer, Kelp, and EigenLayer will become "juicier" if ETHFI keeps rising