For most of its short life, cryptocurrency has been a story told through price charts. Investors watching Bitcoin’s swings, Ethereum’s upgrades and the rise and fall of FTSE-linked crypto stocks have grown used to thinking of digital assets as something to buy, hold and trade. Yet a quieter shift has been catching the eye of analysts who follow consumer technology. The real test of any currency, after all, is whether people actually spend it. And increasingly they do — with Solana and stablecoins powering a new wave of consumer-facing services where the token is the engine rather than the speculation.

One corner of that consumer economy has moved faster than most: online entertainment, and in particular the non gamstop casinos that…