Base left a hole in Optimism, but we got good news.
Base is moving away from the OP Stack to its own infrastructure. Without those sequencer fees, the OP treasury is looking at a potential 94% drop in income.
But while the "engine" leaves, the "users" are arriving.
@ether_fi is migrating its entire Cash business from Scroll to Optimism. We are talking about 300,000 accounts, 70,000 active cards, and over $160M in TVL.
For Scroll, this is a disaster. EtherFi represented about 80% of their activity. For Optimism, it’s a total game changer.
Optimism has always been a hub of great architecture, but it lacked the "retail" bridge that Base or Mantle have with Coinbase and Bybit. EtherFi fixes this.
The stats are crazy:
> EtherFi users spend around $1-2M daily.
> They generate 23k transactions a day (Scroll’s total is 50k).
> People are using crypto to buy coffee, which means there are everyday users.
This move will increase Optimism's active TVL by 70%. Yes, the revenue from Base is gone, but the chain is finally getting real-world utility.
Optimism is subsidizing this with incentives and technical support to make it the go-to home for "on-chain" daily life.
I think it’s a survival pivot that actually makes sense.
