Shift to Optimism
Ether.fi, a popular non-custodial crypto card management service, has announced the migration of its products from the Scroll blockchain to Optimism — a scalable Ethereum Layer 2 network. The transition will affect around 70,000 active cards, 300,000 accounts, and millions in total value locked (TVL) of user funds.
This decision aims to enhance the security and usability of the Ether.fi platform. Optimism is one of the most promising and fast-growing Ethereum scaling solutions, offering lower fees and higher transaction speeds compared to the main Ethereum network. This will enable Ether.fi to provide more accessible and improved services for its crypto card holders.
The migration to Optimism is expected to take several months and will be carried out gradually to ensure a safe transition for all Ether.fi crypto card users.