In a landmark decision, Etherfi, one of the leading names in crypto payment cards globally, has successfully transferred 70,000 active cards, 300,000 user accounts, and $200 million in assets to the OP Mainnet network. This major transition denotes the largest growth of total value locked (TVL) in OP Mainnet’s history, as confirmed by Etherfi officials. The significant asset migration is anticipated to boost transaction volumes within the OP Mainnet ecosystem.
How Was the Migration Executed?
Etherfi managed to complete this substantial transition in an impressive timeframe of three days, ensuring a smooth migration without interruptions. The transition was supported by the Optimism Foundation, which offered technical assistance in key areas, including bridge engineering and oracle services. Previously, Etherfi commenced its operations on the Scroll network, contributing considerably to its TVL and transactions. Announcements to move to OP Mainnet began as early as February.
What Influenced Etherfi’s Choice of OP Mainnet?
The decision to switch to OP Mainnet was influenced by its advantageous platform features, like minimal transaction fees and rapid transaction speed. Etherfi’s officials highlighted the platform’s efficiency, citing average transaction costs of just $0.00001 and confirmation times under 250 milliseconds.
OP Mainnet has seen a significant increase in daily cryptocurrency card transactions. Etherfi processes nearly a third of the sector’s transaction volume, although there’s a drop from its earlier 50% market share. Competing platforms such as Gnosis, Metamask, and Solayer continue to maintain their influence in the market.
“OP is raising its gas capacity per second from 20 million to 100 million. In the second half of 2025, OP Stack achieved 3.6 billion transactions, making up 13% of all crypto transactions,” an Etherfi representative stated, emphasizing the enhanced scalability.
Etherfi’s transition brings notable benefits, allowing users the advantage of lower costs and quicker processes. Additionally, the company is focused on developing new products, including a euro-based card and a venture called Gold Vault.
OP Mainnet’s “Superchain” model introduces streamlined liquidity integration and network connectivity, enhancing the attractiveness of DeFi applications and cashback possibilities for Etherfi users. The model also exemplifies how every new contribution spurs faster and more cost-effective transactions.
“Every dollar brought to OP Mainnet makes the next dollar even faster and cheaper to transfer; Etherfi’s $200 million deepens liquidity pools and sets an example for other like-minded protocols,” the company shared.
Coinbase’s Base network has thus far driven much of OP Mainnet’s operations. With Base seeking its own path, OP Mainnet is opening avenues to attract diverse user groups and broaden its network outreach. Etherfi’s transition could pave the way for a more integrated and expansive crypto transaction environment.
