What is the current price of Puffer?
The current price of Puffer is $0.04166 with a 6.67% change in the last 24 hours.
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Prices and notionals are USD-equivalent venue units, with USDC collateral. No currency conversion is applied. Notional = venue price × base-asset size. Contract specifications
Derivatives and mapped ecosystem data, with source timings and coverage.
Puffer is an Ethereum staking and restaking protocol built around two ideas: let people run a validator with far less than 32 ETH of their own capital, and pay stakers up front rather than waiting for rewards to accrue. PUFFER is the governance token for that protocol and for the rollup and preconfirmation products built alongside it.
The staker-facing asset is pufETH, a liquid token representing deposited ETH that is staked on Ethereum and natively restaked on EigenLayer. PUFFER itself is not the yield-bearing asset; it governs the system that produces the yield. Confusing the two is the most common mistake made about this project.
Official sources:
Puffer emerged from research on anti-slashing hardware for Ethereum validators, published as Secure-Signer, work supported by the Ethereum Foundation. That research is the origin of the protocol's stated priority: reduce the chance that a node operator gets slashed, rather than simply insure against it after the fact.
The protocol launched pufETH first, then expanded into restaking infrastructure on EigenLayer, then into UniFi, a based rollup that uses Ethereum validators for sequencing, and Puffer Preconf, a preconfirmation service. The PUFFER token generation followed the protocol, with airdrop seasons distributing an initial share, and a BNB Chain deployment and updated roadmap announced in May 2025. The public code repositories remain actively maintained, with commits into late 2026.
Stakers deposit and receive pufETH Deposited ETH is pooled in a vault and represented by pufETH. A live contract read confirms the vault's underlying asset is wrapped ETH, so pufETH behaves as a vault share whose exchange rate against ETH is intended to rise over time rather than as a rebasing balance.
Node operators post a small bond Instead of supplying 32 ETH, an operator posts collateral of 2 ETH worth of pufETH and is allocated a full 32 ETH validator funded by the protocol's pooled deposits.
Validator Tickets pay the pool up front To run that validator, the operator must buy Validator Tickets, ERC-20 tokens that each represent the right to run a staker-funded validator for one day. A minimum of 28 tickets is required at registration. Ticket pricing follows expected daily validator revenue reduced by a discount, with prices posted by an oracle and refreshed on a schedule or on deviation.
The incentive inverts Because the operator has already paid for the days, they keep 100 percent of the consensus and execution rewards those days produce. A lazy or offline operator cannot recover what they paid, which removes the free-riding problem that unbonded models suffer from, and the ticket revenue compensates stakers immediately rather than at exit.
Native restaking on EigenLayer Validators sit inside PufferModules whose ETH is natively restaked on EigenLayer, so the same stake can also secure actively validated services.
PUFFER is used for:
Lock durations documented range from 30 days at a one times multiplier to 24 months at a twenty-four times multiplier, with a minimum lock of 10 PUFFER. The governance contract at 0x1e168460ea0cf3f126ddd3183dc2e376515a5e91 returns the name vlPUFFER on a live read.
Three design choices genuinely separate Puffer from the rest of the liquid staking field.
The first is the Validator Ticket. Most protocols pay operators out of the rewards stream and try to police behavior afterward. Puffer makes operators pay in advance for the right to earn, which converts a monitoring problem into a pricing problem.
The second is capital efficiency without full permissionlessness collapse. A 2 ETH bond is an order of magnitude below a solo validator's requirement, which widens the operator set without moving to a purely permissioned model.
The third is the self-imposed Burst Threshold. Puffer has committed to capping its share of Ethereum's validator set at 22 percent, below the 33 percent level at which a single entity begins to threaten consensus liveness. Rather than halting registrations abruptly, the protocol reduces mintable Validator Tickets so existing validators can be sustained but new ones cannot. Committing to a growth cap before reaching profitability is rare, and it is a real constraint rather than a slogan.
Supply is also fixed in code. A live read of the Ethereum token contract returns exactly 1,000,000,000 PUFFER with eighteen decimals, and the deployed bytecode exposes no mint function. It does include vote delegation, pause and ownership functions.
Against the large liquid staking tokens, the differences are the prepaid ticket model and the small operator bond. Against other liquid restaking tokens, Puffer runs its own validators natively instead of only accepting other liquid staking tokens as deposits, and extends upward into rollup and preconfirmation infrastructure rather than staying a deposit wrapper.
Puffer inherits Ethereum's consensus security for the underlying stake, and adds several layers of its own.
Secure-Signer, the hardware-backed remote signing work the protocol grew out of, is designed to make it difficult for a validator client to produce a slashable message in the first place. Guardians hold encrypted validator keyshares in enclaves whose only purpose is signing exit messages; they vet and provision validator registrations, and can eject a validator whose balance falls too low, whose tickets are exhausted, or where protocol liquidity requires it. Significant actions require a majority vote of the Guardian set.
The documentation is explicit that Guardians are a temporary measure, and names the Ethereum improvement proposals that would retire them: EIP-7002 for contract-triggered exits, EIP-4788 for proof-based guardian operations, and EIP-2537 for BLS precompiles enabling on-chain validator message verification. That is a clearer decommissioning path than most protocols publish for their privileged roles, but until those land, a permissioned group holds meaningful power.
Puffer is one of the clearest attempts to make Ethereum staking cheaper to enter without making it more centralized. The prepaid validator ticket is a novel incentive mechanism, the 22 percent Burst Threshold is a rare voluntary limit on a protocol's own growth, and the based rollup work pushes value back toward Ethereum layer one rather than away from it.
PUFFER trades on centralized exchanges and on Ethereum decentralized exchanges, with deployments on more than one network. Availability and pairs vary by jurisdiction. Note that buying PUFFER is not the same as holding pufETH; the first is governance exposure, the second is the staking position itself.
PUFFER has been available on venues including:
Always confirm which network you are on before transferring, since PUFFER exists on more than one chain.
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Read the complete paper trading guideThe current price of Puffer is $0.04166 with a 6.67% change in the last 24 hours.
The daily trading volume is $1,212,511 representing a 73.84% change in the past 24 hours.
The market capitalization of Puffer is $23,953,029, ranking #491 globally.
The fully diluted valuation (FDV) of Puffer is $41,664,653, calculated assuming the maximum supply of 1,000,000,000 PUFFER is in circulation.
Circulating: 574,900,479. Total: 1,000,000,000. Max: 1,000,000,000.
In the last 24 hours, Puffer traded between a low of $0.03899 and a high of $0.04315.
PUFFER/USDTTether USDT0.04166 USDT
The data identified top trending crypto assets on the wider market, pointing out that tokens that are currently being accumulated by savvy investors.
The integration allows institutions to stake Ether held in Anchorage custody and receive Puffer’s liquid restaking token while earning staking and restaking rewards.
