According to CoinDesk, Scroll, an Ethereum Layer-2 network, experienced a significant outflow of funds following the migration of the top decentralized application Ether.fi to Optimism, resulting in a $160 million decrease in total value locked (TVL) and an annualized fee loss of approximately $13 million. Scroll announced it will propose dissolving its decentralized security committee and reducing DAO membership to lower operational costs, transferring network control to an internal team. Additionally, shortly after the protocol migration, Scroll temporarily increased network gas fees by 1,280 times, causing users to pay over $50,000 in additional transaction fees—a situation that has since been resolved. Following these adjustments, Scroll’s TVL has dropped to approximately $23 million. The official statement confirmed that all contract changes will remain transparent and verifiable on-chain.
Scroll Cuts Costs After Major TVL Loss, Plans to Dissolve Security Committee
TechFlowShare
Summary
Scroll’s TVL drops to $23 million after Ether.fi migrates to Optimism, resulting in a $160 million loss. Network activity declined as fees surged 1,280-fold, costing users over $50,000. Scroll plans to disband its security committee and reduce DAO membership to cut costs, transferring control to internal teams. On-chain transparency remains unaffected. Altcoins to watch may include Scroll amid these adjustments.
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