Spending via Visa’s crypto cards clocked a growth of 525.3 percent in 2025, data by Dune Analytics shows. Commenting on the rather credible feat for the crypto sector, Polygon researcher Alex Obchakevich said the data testifies to the utility element of crypto assets.
Visa-issued crypto cards from DeFi projects EtherFi, Avici Money, Exa App, and Moonwell and cards from crypto payments platforms GnosisPay and Cypher were included by Dune in its analysis.
The graph showed spending via these crypto cards having risen from 14.6 million in January 2025 to $91.3 million in December 2025 – clocking the significant spike.
Source: Dune Analytics
Polygon’s Obchakevich, who goes by the handle @obchakevich_ and is followed by over 66,000 accounts on X, to share a detailed opinion on the data.
“The increase in spend volume confirms that crypto is no longer just an experimental technology but a fully-fledged tool for everyday financial transactions,” the data scientist serving in Polygon’s payment data division said.
He highlighted that Visa-backed payment card issuers like Rain Cards, Redot Pay, and Payy also clocked a significant surge in deposit volumes.
Visa is yet to comment on the Dune’s data.
The traditional payment company, however, has shown continuous efforts to expand its partnership with crypto players — a practice that is being heavily advertised to banks and TradFi companies in the U.S.
Last month for instance, the Washington DC-based cards major rolled out the USDC settlements feature for U.S.-based banks. The company has also put in place a stablecoin advisory practice to guide clients interested in understanding stablecoin uses and management.
While Visa does not have its own crypto cards, it does issue cards for reportedly over 70 crypto players like Coinbase, Binance, and Crypto.com among others. For these cards, Visa serves as the payments facilitator between senders and receivers.