ETHER.FI IS MIGRATING TO OPTIMISM

Summary from the TLDR Crypto newsletter

ether.fi is migrating from Scroll to OP Mainnet, bringing 300,000+ accounts and $160M+ TVL at a critical moment as Base's potential exit from the Superchain threatens to eliminate 94% of Optimism's ecosystem revenue. The crypto neobank, which represents 83% of Scroll's total TVL and processes $1-2M in daily spending volume across ~23,000 transactions, would increase OP Mainnet's DeFi TVL by 75% and become its largest dApp at 3x Aave's current $56.3M. The migration underscores an emerging thesis that crypto neobanks have become essential infrastructure for L2s, as single applications in this category can simultaneously drive TVL growth, transaction volume, real-world utility, and user acquisition.