Data tracked by paymentscan.xyz suggests monthly crypto card transaction volume is losing momentum after a stretch of steady growth. September recorded about $1.231 billion in total volume, marking a recent high. In October, cumulative volume has reached roughly $1.15 billion to $1.2 billion so far, making a month-over-month increase unlikely at the current pace. The dataset also shows that leading projects including RedotPay, EtherFi and KAST all posted month-over-month declines in October. Across about 30 card projects monitored by the platform, cumulative crypto card transaction volume has reached $13.69 billion. Even so, the latest figures indicate that monthly sequential growth has weakened in recent weeks.
ChainCatcher reported, citing data from paymentscan.xyz, that monthly crypto card transaction volume is showing signs of slowing after a period of continued growth.
September volume came in at about $1.231 billion, a recent high. October has so far recorded roughly $1.15 billion to $1.2 billion, and on the current trajectory the month is unlikely to post sequential growth.
Among major projects, RedotPay, EtherFi and KAST all saw month-over-month declines in October.
Across about 30 card projects tracked by paymentscan.xyz, cumulative crypto card transaction volume has reached $13.69 billion, though monthly momentum has weakened recently.
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