Onchain payment analytics platform Paymentscan, which indexes activity across 17 blockchains, has been tracking a remarkable story in the crypto card space, one of explosive volume growth and a near-complete shift in which payment networks power it all.

From Zero to $600 Million

Crypto card spending barely registered before late 2023. For most of that year, onchain volumes were flat, then November arrived and everything changed. The ability to pay with Bitcoin and other cryptocurrencies using Oobit at any Visa or Mastercard terminal had finally found its moment. at any Visa or Mastercard terminal had finally found its moment. The growth since has been steep and consistent: $100M–$150M monthly by mid-2024, $200M–$300M by early 2025,…