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Ether.fi Moves to Optimism And Scroll Loses Its Largest DeFi Protocol

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by COINS NEWS 216 Views

Ether.fi Moves to Optimism And Scroll Loses Its Largest DeFi Protocol

$30M Series A

$50M with Round valuation: $1.80B

TVL at ~$185 Million and Now it will be ~ $30 Million. $160M in TVL gone overnight. Scroll went from a L2 to a ghost chain real quick. They even acquired Honeypop recently. Scroll making $370 in daily fees while ether fi processes $265M

Imagine building your entire chain around one protocol and then watching them pack up and leave. Scroll devs having a rough week for sure. Ether fi might have chose Optimism for deeper liquidity and better stablecoin support. Scroll couldn't offer that. This is what happens when L2s can't retain builders

submitted by /u/Resident_Caramel763
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