BREAKING: Total onchain crypto card payment volumes hit a record $833 million in May 2026, up +180% year-over-year. High performance networks such as Optimism and Solana have benefited from the growth in payment related activity. These networks have outperformed the broader market since 2025 while capturing a combined ~22% of market share. Key onchain players are accelerating adoption, such as Jupiter Spend through localized payment options such as QR integration, which has seen 60%+ month-over-month payment volume growth. As a result, cumulative onchain crypto card payment volumes have exceeded $9 billion for the first time in history. Onchain adoption is seeing rapid growth.(The Kobeissi Letter)