Crypto Card Transaction Volume Surges 323% to $9.9B Amid Shifting Market Dynamics
Crypto card usage has skyrocketed over the past year, with cumulative transaction volume hitting $9.898 billion as of June 17—a 323% increase from $2.34 billion a year ago. The sector is poised to breach the $10 billion milestone, fueled by a record $866.1 million in monthly volume.
RedotPay remains the dominant player, accounting for 61% of transactions, though its market share has eroded from 93% last year. New entrants like KAST (15%) and EtherFi (11%) have disrupted the landscape, signaling heightened competition.
The growth comes despite weak crypto market conditions, suggesting robust adoption of card-based crypto payments. Industry watchers now focus on what lies beyond the $10 billion threshold as infrastructure matures and consumer behavior shifts.
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