Ether.fi Migrates 70,000 Crypto Cards to Optimism
Payments platform Ether.fi is migrating its crypto card services to the Optimism OP Mainnet. The move will bring 70,000 active cards and over 300,000 accounts into the Superchain ecosystem. This migration is viewed as a positive signal for real-world adoption of Layer-2 DeFi protocols.
- The migration is a move from the Scroll network to Optimism and is expected to take place over the coming months. This partnership positions Optimism as Ether.fi's long-term infrastructure partner for global crypto payments. - Ether.fi's "Cash" card is a non-custodial Visa card, allowing users to spend stablecoins or borrow against staked assets like eETH without giving up custody of their funds. The card is accepted by all merchants that support Visa. - The platform currently handles approximately $2 million in daily spending volume and 28,000 daily spending transactions. These figures have been doubling roughly every two months since the card's launch. - By moving to Optimism, Ether.fi aims to access deeper liquidity and a more developed DeFi ecosystem. As part of the "OP Enterprise partnership," Ether.fi will receive enterprise-grade support, a dedicated account manager, and priority access to new features. - For users, the transition is designed to be seamless, with Ether.fi absorbing all gas fees for card transactions during and after the migration. - User benefits post-migration include access to OP token rewards in addition to existing perks like cashback of 3% or more. Cashback rewards will be expanded to include USDC, ETH, and BTC. - This move is significant as Ether.fi cards account for nearly half of all crypto-native payment card transaction volume. The migration will bring over $160 million in Total Value Locked (TVL) to the Optimism ecosystem. - The Optimism network, powered by the OP Stack, processed 3.6 billion transactions in the second half of 2025, which accounted for 13% of all crypto transactions in that period.
