Monthly crypto card volume has surged to a new high of $607 million in March, with newer issuers starting to take market share.
Crypto payment cards hit a record $607 million in on-chain volume in March 2026, more than tripling from a year earlier and marking the highest monthly figure tracked so far, according to data from Paymentscan, which tracks crypto payment card transactions based on on-chain data.
Total usage has now reached about $6.5 billion across 21.4 million transactions, Four Pillars data analyst under alias @0xheun noted in an X post today.
- Crypto cards are traditional debit cards that let people spend crypto or stablecoins at checkout, usually by converting the balance into regular money in the background so merchants get paid in fiat.
TRON Becomes Top Hub For Crypto Card Liquidity
The jump caps a steady climb from roughly $100 million monthly volume in September 2024, implying a sixfold increase in just about 18 months. The data tracks 17 chains and multiple currencies, pointing to broader adoption beyond just Ethereum-based stablecoin spending.
For instance, TRON accounted for the biggest share in March, with more than 35% of crypto card payments, likely helped by its low gas fees. BNB▼$572.98 Chain followed with about 15%, while Solana accounted for roughly 9%, the data shows.
The Biggest Players In Crypto Card Space
The market is also no longer dominated by a single issuer. RedotPay, a Hong Kong-based crypto firm, controlled about 88% of volume at the start of 2025.
But newer players including ether.fi, KAST, Karta, and Tria have since taken a combined 26%, with ether.fi and KAST now running neck and neck at just above $60 million each, the data shows.
Still, most of the activity runs through traditional payment rails. Visa, for example, has pulled far ahead in crypto card settlement, handling about $581.8 million of March volume, or roughly 97%, after moving aggressively into the segment once led by Mastercard.
