The restaking protocol ether.fi officially announced the migration of its payment product, the ether.fi crypto card (Cash), from the Scroll network to OP Mainnet. According to the development team, this move involves transferring at least 70,000 active cards, 300,000 accounts, and millions of dollars in total value locked (TVL) to Optimism’s infrastructure to leverage its robust liquidity ecosystem.
This change aims to provide users with a smoother experience when spending stablecoin balances or using restaked assets (eETH) as collateral while generating yields. The impact is significant, as this card accounts for nearly half of all crypto-native card transactions in the market; its integration into the Optimism Superchain will facilitate higher-liquidity swaps and more efficient gas management.
In the coming months, the market will keep a close eye on the execution of this transition, which Ether.fi assures will be transparent and seamless for the end user. Furthermore, it will be key to observe how this migration affects the competitiveness of Layer 2 networks and whether OP Mainnet’s transactional volume can successfully absorb the operational flow of one of the sector’s most dominant payment products.
Source:https://goo.su/fodmgXU
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