Ether.fi’s native token ETHFI surged 17% in 24 hours following the launch of a new Visa payment card called Etherfi Cash. The card offers 3% cashback with no annual fee and works with Apple Pay and Google Pay. Observers note the move expands the liquid restaking protocol’s utility into real-world payments, a shift highlighted by on-chain data showing significant whale accumulation and spot buyer dominance.
The **Ether.fi** protocol launched **Etherfi Cash**, a Visa card offering up to 3% cashback with no annual fee. The product integrates with Apple Pay and Google Pay and is accepted globally, moving the platform *beyond staking* into real-world payments.
This development connects DeFi yield with everyday spending. Ether.fi introduced the payment product to increase ecosystem utility and potential user adoption.
On-chain data shows whales are accumulating more orders at current levels on the derivative market. This activity points to strategic positioning rather than short-term speculation.
Spot market buyers have also controlled order flow over recent days. This signals real demand, which tends to create more sustainable rallies compared to Futures-driven spikes.
The 17% price surge for ETHFI occurs alongside these aligning factors. They include the major product launch, expanding utility, and increased whale accumulation.
If adoption of Etherfi Cash grows, ETHFI’s on-chain activity and demand may increase over time. The bullish structure could extend further to test key price levels.
