EtherFi leads the day's gainers with the market flat
EtherFi's $ETHFI token surged 15.4% to lead the day's crypto gainers after the protocol relaunched its neobank app with tokenized stocks and Aave-backed borrowing. The broader crypto market cap stands at $2.17 trillion with the Fear and Greed Index at 37.
(Advertisement)
$ETHFI climbed 15.4% to $0.4316 on August 13, making it the standout performer of the day as the broader crypto market traded largely flat. The move came on the back of a major product update from @ether_fi, which relaunched its neobank application with a significantly expanded feature set.
EtherFi Summer Release Adds Tokenized Assets and DeFi Borrowing
Ether.fi, which describes itself as the first and largest non-custodial crypto neobank, announced the next generation of its product as part of the ether.fi Summer release. The new app allows users to trade tokenized stocks and metals alongside crypto assets while maintaining self-custody, and includes an integrated Aave market on Optimism that lets users borrow against their portfolios at DeFi rates currently around 4% without selling their holdings.
New fiat accounts also support deposits and withdrawals worldwide. Ether.fi is best known for its restaking platform on Ethereum, but has since expanded its focus toward building crypto-native neobanking products that combine yield, self-custody, and onchain financial services. The relaunch positions the protocol as a direct alternative to traditional retail banks rather than a niche crypto product.
Other Movers and Broader Market Conditions
Beyond $ETHFI, a handful of other tokens posted gains on an otherwise subdued day. $ATOM rose 8.3% to $1.51, $OKB added 5.1% to $102.86, and $PUMP gained 6.3% to $0.002844. Total crypto market capitalisation sits at $2.17 trillion, while the Fear and Greed Index stands at 37, indicating that sentiment remains in cautious territory.
@AskVenice also reported a milestone on the day, saying its platform passed 4 million users. That figure marks continued strong growth for the privacy-focused AI platform. Venice had reached 3 million active users by April 2026 and turned profitable in Q1 2026, with annualized revenue exceeding $70 million from subscriptions and API access.
Sources:
Decrypt: Ethereum DeFi Platform Ether.fi Adds Tokenized Stocks and Portfolio-Backed Loans
EIN Presswire: ether.fi Launches Next-Generation Crypto Neobank
TechCrunch: Venice AI Becomes a Unicorn with $65M Series A
(Advertisement)
Latest News
Read More...
Author
Crypto RichRich has been researching cryptocurrency and blockchain technology for eight years and has served as a senior analyst at BSCN since its founding in 2020. He focuses on fundamental analysis of early-stage crypto projects and tokens and has published in-depth research reports on over 200 emerging protocols. Rich also writes about broader technology and scientific trends and maintains active involvement in the crypto community through X/Twitter Spaces, and leading industry events.