Decentralized neobank and crypto card issuer etherfi is leaving Scroll for Optimism, taking with it millions of dollars in total value locked and monthly fees generated on Scroll, data shows.
In an X post on Wednesday, Feb. 18, etherfi said it plans to move its Cash accounts and card program from Scroll to Optimism’s OP Mainnet, migrating more than 70,000 active cards, roughly 300,000 user accounts, and nearly $160 million in TVL in the coming months.
With etherfi, Scroll’s own TVL is only around $188 million as of today, Feb. 19, per data from DefiLlama.
To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io
