Etherfi migrates $200M and 300K users to Optimism, marking the largest TVL surge in OP Mainnet history.
Tech & Launches ·
Etherfi, a crypto card provider, has migrated to OP Mainnet, bringing $200M in total value locked and approximately 300K users to the Optimism network. The migration also includes 70K cards on the platform. According to reports, this represents the largest TVL surge in OP Mainnet's history.
The move positions Etherfi to scale real-world cryptocurrency payments infrastructure on Optimism's layer-two network. By deploying on OP Mainnet, the platform gains access to lower transaction costs and faster settlement times compared to Ethereum's base layer, enabling broader adoption of its card product among the existing user base.
The timing and scale of this capital inflow underscore growing momentum in payments-focused crypto applications on Optimism. However, details remain unclear on the mechanics of the migration timeline, whether the full user base will migrate simultaneously, and what specific features Etherfi will prioritize on the network.