About 29% of crypto card spend settles on OP Mainnet, and most of it is
@ether_fi Cash. In their words, migrating in April was about "providing the best possible service to our users": $0.00001 median fees, sub-250ms finality, 99.99% uptime.
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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