Shifting Fortunes: Ether.fi’s Grand Move to Optimism Unleashes a Crypto Revolution

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  • Ether.fi, like a wandering troubadour, packs up 70,000 crypto cards and $160 million in treasure to gallivant over to Optimism, seeking swifter payments.
  • The users, bless their hearts, will bask in the glory of seamless transactions, cashback in $USDC, $ETH, $BTC, and a cornucopia of new DeFi delights.
  • Rumor has it this migration might siphon off a hefty chunk of crypto card traffic from Scroll, giving Optimism’s Superchain a much-needed boost. Who doesn’t love a good underdog story?

In a bold proclamation reminiscent of grand voyages, Ether.fi has declared its intention to uproot its Cash product to the lush fields of Optimism’s OP Mainnet. This audacious leap affects not just a handful but a hearty 70,000 active cards and a staggering 300,000 accounts.

The total value locked in Ether.fi Cash is no mere pocket change-it exceeds $160 million, a fortune amassed like grains of sand on a vast shore. The company touts this as a long-term partnership, aiming to expand the horizons of global onchain payments. A noble ambition, indeed!

The great migration promises a smoother sailing experience for users, with better liquidity and a wider array of DeFi treasures awaiting them. It’s like moving from a cramped cabin to a regal ship on the high seas of finance.

1/ Today, we announce our plan to move to Optimism’s OP Mainnet.

70,000+ active cards, 300,000+ accounts, and over $160 million in TVL will sail towards the Superchain in the coming months, marking a long-term partnership to accelerate global onchain payments. Hold onto your hats!

Learn more below ↓

– ether.fi (@ether_fi)

Migration Brings New Benefits to Cash Users

Since its inception in September 2024, Ether.fi Cash has emerged as the heavyweight champion of non-custodial crypto credit cards. The platform has clocked over $265 million in total spending-a feat that would make even the most seasoned spendthrifts blush.

With this transition to Optimism, users can look forward to a veritable buffet of seamless payments. Cashback rewards are set to improve, now serving up $USDC, $ETH, and $BTC. Additionally, features previously locked away in a treasure chest will now be at users’ fingertips. It’s like finding the secret level in a video game!

Fear not, dear users! Ether.fi reassures all accounts remain as safe as a cat in a sunbeam during this migration. The diligent team will partner closely with Optimism to ensure a smooth journey across the digital waters. Until the migration sails into port, users may continue their business as usual.

Impact on the Layer 2 Ecosystem

Optimism’s CEO, known affectionately on X as @jinglejamOP, welcomes Ether.fi’s grand entrance with open arms. He highlights that Ether.fi Cash stands as one of crypto’s fastest-growing payment products-like the sprightly hare in a race with tortoises.

The CEO emphasizes that holders yearn to spend their crypto without parting with it, a conundrum solved beautifully by Ether.fi Cash, allowing for direct spending without the pesky need to sell. What a clever trick!

Very excited to announce that Cash is migrating to OP Mainnet.

70,000 active cards. 300,000 accounts. $200M TVL.

One of crypto’s fastest-growing payments products is making Optimism its home.

The problem: crypto holders want to spend without selling.…

– Optimist Prime (@jinglejamOP)

Industry watchers, those astute observers of the crypto scene, note that Ether.fi has captured nearly half of all crypto-native payment card transactions on Scroll. Its exodus could redirect a significant flow of volume to Optimism’s Superchain, much to the delight of its inhabitants.

Meanwhile, Base has announced a pivot from the OP Stack to its own self-operated technology stack-because why not stir the pot a little? These shifts reflect the ever-changing landscape of Ethereum Layer 2 networks, like leaves blown by the wind.

For developers crafting payments or consumer-facing crypto applications, this migration serves as a beacon of production-scale adoption. Ether.fi’s leap solidifies Optimism’s status as a vital Layer 2 hub, bringing users access to stablecoins, lower gas fees, and enhanced DeFi liquidity. A win-win, as they say!

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2026-02-19 15:41