Cryptocards have become a daily payment utility: the number of transactions has soared by 2.7 times
The crypto card market is undergoing a fundamental transformation. My analysis of data from 16 different cards, including RedotPay, Cypher, EtherFi Cash, and GnosisPay, over a 76-week period (from January 2025 to June 2026) has revealed three key trends that are reshaping perceptions of this tool.
Activity is growing independently of the market
The most telling change is that the number of transactions via crypto cards has increased by 2.7 times. At the same time, the correlation with the price of Bitcoin turned out to be zero. This means users are spending cryptocurrency daily, regardless of the market phase — whether it's a bull or bear trend. Crypto cards are no longer a tool for hedging or speculation.
Top-ups are becoming regular and small
Cardholder behavior is changing dramatically. The median deposit has stabilized in the range of $90–135, returning to around $100 after a winter peak of ~$165. Users no longer keep large sums on their cards. They top up frequently and exactly the amount needed to cover current expenses. This indicates that the card is perceived as a "wallet for the day," not a savings account.
The decline in the median deposit is also linked to caution: holders fear account freezes or loss of company licenses, so they deposit small amounts for specific payments. This is a weak point in the industry — licensing and reliability issues remain a barrier to full trust.
User structure is becoming homogeneous
The ratio of the average deposit to the median has decreased from approximately 6 to 4. This means the influence of individual large players is weakening, and the user base is becoming broader and more uniform. The product is transitioning from the early adopter stage to the mass segment. This is a classic sign of market maturation.
Conclusion: from speculative asset to payment utility
The key signal is the zero correlation with the Bitcoin exchange rate. People use crypto cards not to profit from price increases, but for the convenience of payments. This is exactly how conventional payment products behave, not investment instruments.
My expert assessment: Crypto cards have passed the point of no return. They have become infrastructure for everyday spending. However, user caution points to a systemic problem: until licensing and company reliability issues are resolved, full trust in this tool will remain in question. The market is moving in the right direction, but the path to maturity is not yet complete.