Gate News, April 14 — Ethereum Layer-2 network Scroll has lost approximately $160 million in total value locked (TVL) following the migration of top decentralized application Ether.fi to Optimism, according to CoinDesk. The outflow resulted in an estimated $13 million in annualized fee losses.
Scroll announced plans to propose disbanding its decentralized security committee and reducing DAO members to cut operational costs. Network control will be transferred to the internal team.
The network briefly raised gas fees by 1,280 times after the protocol migration, causing users to overpay more than $50,000 in transaction fees before returning to normal levels. Scroll’s TVL now stands at approximately $23 million. The team stated all contract changes will remain transparent and verifiable on-chain.
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