Ether.fi Migrates 300,000+ Accounts and $160M TVL to Optimism OP Mainnet
Ether.fi Migrates 300,000+ Accounts and $160M TVL to Optimism OP Mainnet
🏦 Major neobank goes Optimism
Ether.fi, a major crypto neobank, is migrating to Optimism's OP Mainnet, bringing significant scale to the ecosystem.
Key Details:
- 300,000+ user accounts moving to OP Mainnet
- $160M+ in Total Value Locked (TVL) transferring
- 70,000+ active cards included in migration
- Migration to occur over coming months
The move represents a long-term partnership focused on scaling global onchain payments. The announcement was made at the Scaling Summit, marking one of the larger institutional migrations to the Optimism Superchain ecosystem.
One of the largest crypto neobanks is joining the Optimism ecosystem — bringing 300,000+ accounts and $160M+ in TVL with them. @ether_fi is migrating to OP Mainnet 🔴 Catch the full announcement from the Scaling Summit👇
Global onchain payments at scale – on Optimism’s OP Mainnet. Welcome, @ether_fi.
Very excited to announce that ether.fi 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.
Scaling Summit Replay Available on YouTube
The Scaling Summit recordings are now available for viewing. **What's Available:** - Full YouTube playlist with all talks - Individual chapters for easy navigation to specific presentations The complete playlist can be accessed through the provided link, allowing those who missed the live event to catch up on all sessions at their convenience. [Watch the full playlist](https://youtube.com/playlist?list=PLX_rXoLYCf5GoqOuWda6CbgCxJiNSJHJN&si=XXqZaS9CL9i-J1Cq)
Celo Doubles Development Speed After Migrating to OP Stack L2
Celo has accelerated its development pace significantly since transitioning from a Layer 1 blockchain to a Layer 2 on the OP Stack. **Key metrics:** - Previously: 2 hardforks per year as an L1 - Now: 4 hardforks in 12 months as an L2 Marek from Celo attributes this faster shipping to the Superchain ecosystem's infrastructure and tooling. The migration also enabled Celo to implement ZK fault proofs through Succinct Labs, allowing the network to fully inherit Ethereum's security guarantees. This case study demonstrates how L1 chains can benefit from joining Ethereum's L2 ecosystem, gaining both development velocity and enhanced security properties.
World Chain Prioritizes Human Users in Block Space Allocation
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