Ether.fi's CASH Product Surpasses $800M in Spend Volume

Ether.fi's CASH product has seen unprecedented growth in spend volume, surpassing $800 million as of early September 2026. This milestone is impressive considering that over $600 million of this total was accumulated just this year.

The Q1 2026 spend volume alone reached $170 million, a 35% increase from the previous quarter. By late April, cumulative spending had already exceeded $400 million, with monthly volumes consistently above $50 million even during turbulent market conditions.

One notable aspect of this growth is the average transaction size, which remains below $100. This suggests that users are not making large purchases to exploit cashback rewards but rather using their CASH cards for everyday expenses like buying coffee and paying subscriptions.

The platform currently supports around 70,000 active cards and approximately 300,000 accounts, numbers that have grown significantly since the migration of the CASH product to Optimism's OP Mainnet in February 2026.