Cryptocards are becoming a mass payment tool: 2.7x growth in transactions and three key trends
Crypto cards have finally ceased to be a niche "toy" for speculators. My in-depth analysis of data from 16 different cards—from RedotPay to GnosisPay—over 76 weeks (from January 2025 to June 2026) has revealed three fundamental shifts that are radically changing the perception of this segment.
Activity Growth Independent of Bitcoin
The first and perhaps most important finding: the total number of transactions via crypto cards has surged by 2.7 times. At the same time, the correlation with the price of Bitcoin (BTC) turned out to be zero. This means people are using crypto cards for everyday expenses regardless of whether the market is rising or falling. We are observing not a speculative tool, but a full-fledged payment utility.
A New Top-Up Model: Frequent but Small Amounts
The second key trend is the evolution of user behavior. The median deposit has stabilized in the range of $90–135, and after a winter peak of around $165, it has returned to approximately $100. Users no longer keep large sums on their cards. They top up their accounts frequently and just enough to cover current expenses. This behavior is characteristic of mature payment products, not investment accounts.
The decline in the median deposit also indicates lingering caution. Holders fear account freezes or the loss of licenses by issuers, so they deposit small amounts for specific payments. This is a weak point for the entire industry—the issue of trust in the infrastructure remains critical.
Normalization of the Customer Base
The third signal is the normalization of the user structure. The ratio of the average deposit to the median deposit has decreased from approximately 6 to 4. This suggests that the influence of individual large players ("whales") is weakening, and the base is becoming broader and more homogeneous. The product is transitioning from the stage of early enthusiasts to the mass segment.
My conclusion as an analyst: crypto cards have passed the point of no return. They have become not just a bridge between fiat and cryptocurrencies, but an independent payment tool with its own logic of use. The zero correlation with BTC is a "litmus test" showing that the market has matured. The only barrier to full trust is regulatory uncertainty and risks associated with the licensing of issuers. Once these issues are resolved, we will see explosive growth not by 2.7 times, but by tens of times.