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a16z Frontier
@a16zfrontier
Outliers welcome Posts are not investment advice or an ad for investment services. See 👇
Joined June 2022
622 Following    1.6M Followers
In early 2024, crypto card spending was concentrated in a single chain: Gnosis, home of Gnosis Pay (the first Visa card connected directly to a self-custodial wallet). As new card programs have launched, the number of card settlement chains has expanded. As of July, Optimism carries about 29% of crypto card spend volume, Solana about 19%, and Base about 19%, according to Paymentscan. Gnosis has dropped to about 2%.
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