Scroll transaction fees rose 296% as Ether.fi began moving its Cash product and user activity to Optimism, reducing demand on the L2 network.
Scroll, an Ethereum Layer-2 built to make transactions cheaper and faster, saw gas fees climb sharply as Ether.fi, a crypto payments and yield protocol best known for its Cash spending product, shifted activity to rival network Optimism.
According to data from Scrollscan, average transaction fees increased from 0.0000032 ETH▲$1,796.26 on April 6 to 0.0000127 ETH on April 8, an approximately 296% jump in just two days.
Blockchain research firm Kairos Research also noted in an X post on Thursday, April 9, that transaction costs “jumped massively” as Ether.fi began its migration. The firm added:
“Scroll’s single sequencer began reporting inflated L1 gas prices to the L2 oracle contract with values significantly higher than actual Ethereum L1 conditions at around ~09:00 UTC on March 31st.”
The firm also noted that fees tied to Ether.fi-based activity climbed from about $250 a day to roughly $16,000 a day during the migration.
Ether.fi Migration Sends Scroll Transaction Fees Higher
Ether.fi outlined its transition plans in mid-February, adding it would move 70,000 active cards, 300,000 accounts and more than $160 million in total value locked (TVL) to Optimism’s OP Mainnet, citing deeper liquidity and better DeFi infrastructure for payments.
The protocol was one of Scroll’s biggest traffic drivers, generating more than $13 million in annualized fees. DeFiLlama data also shows Scroll’s TVL fell 90% from $232 million to $23.2 million over the past few days amid Ether.fi’s transition to OP Mainnet.
