- The Ether.Fi project has received $23 million in investment.
- The Series A funding round was co-led by Bullish Capital and CoinFund.
- The protocol’s TVL has grown to around $1.7 billion.
EigenLayer-based restacking protocol Ether.Fi has raised $23 million in investment in a Series A funding round co-led by Bullish Capital and CoinFund with participation from OKX Ventures, Foresight Ventures, Consensys and Amber. CoinDesk reported that.
“Ether.Fi is showing impressive growth and we are pleased to welcome the support of leading crypto investors…,” said CEO and co-founder Mike Silagadze.
Note that the fundraising came amid a rapid growth in the total value of blockchain funds (TVL) in the protocol. Since the beginning of the year, this figure has grown almost 16 times and at the time of writing it is about $1.7 billion:
Recall, earlier we reported that TVL in EigenLayer-based restacking protocols crossed the $3.5 billion mark.
