Data: As of November last year, the monthly trading volume of cryptocurrencies had risen to $406 million, setting a new record high.

Mars Finance News, Castle Labs’ latest research report indicates that the infrastructure of on-chain banks in crypto is accelerating toward maturity. Data shows that by November 2025, the monthly transaction volume of crypto cards has risen to a record high of $406 million, with Visa stablecoin-linked cards reaching an annualized transaction scale of $3.5 billion. The stablecoin payment platform RedotPay’s annualized payment volume has exceeded $10 billion. Additionally, etherfi’s non-custodial crypto card product Cash has contributed approximately 50% of the protocol’s revenue, with about 300k accounts and nearly 70k active cards. The report suggests that on-chain banks are gradually shifting from payment, savings, and lending scenarios toward a new traditional banking (Neobank) model.