Cryptocurrency on-chain banking infrastructure is maturing rapidly, with multiple data points reaching record highs.

According to ME News, a recent research report from Castle Labs, released on April 15th (UTC+8), indicates that on-chain crypto banking infrastructure is maturing rapidly. Data shows that as of November 2025, monthly transaction volume for crypto cards has reached a record high of $406 million, with Visa stablecoin-linked cards accounting for $3.5 billion annualized. The stablecoin payment platform RedotPay has exceeded $10 billion annualized in payments. Furthermore, EtherFi's non-custodial crypto card product, Cash, contributes approximately 50% of the protocol's revenue, boasting around 300,000 accounts and nearly 70,000 active cards. The report concludes that on-chain banking is gradually moving from payment, savings, and lending scenarios towards a more traditional, new-type banking model. (Source: ME)