Data from Dune Analytics shows a sharp rise in spending through Visa-linked crypto cards in 2025, with total net usage climbing from $14.6 million to $91.3 million over the year.
Crypto cards issued in partnership with Visa recorded a 525% increase in total net spend in 2025, highlighting accelerating adoption of blockchain-based payment solutions.
According to Dune Analytics, six crypto cards backed by Visa and developed by blockchain and decentralized finance projects saw combined spending rise steadily from January through December. Total net spend expanded from $14.6 million at the start of the year to $91.3 million by year-end.
The cards tracked include offerings from crypto payment platforms GnosisPay and Cypher, alongside DeFi-focused projects EtherFi, Avici Money, Exa App, and Moonwell.
Among them, the Visa-linked card issued by EtherFi dominated usage. EtherFi’s card recorded $55.4 million in total spending, significantly outpacing Cypher, which ranked second with $20.5 million.
A Polygon ecosystem researcher noted that the surge in transaction volume reflects both growing consumer demand for crypto cards and the increasing role of stablecoins within Visa’s global payments infrastructure. The data suggests that crypto-based payment tools are moving beyond experimentation and becoming part of everyday financial activity.
Visa is expected to continue expanding its crypto and stablecoin initiatives into 2026. The payments giant currently supports stablecoins across four blockchain networks and has been actively forming partnerships and upgrading infrastructure to improve access for both retail users and institutions.
In December, Visa further strengthened its commitment by launching a dedicated stablecoin advisory unit. The team is focused on helping banks, merchants, and fintech companies deploy and manage stablecoin-powered payment products.
