Private market intelligence

The card market, decoded.

Name: OpenRate stablecoin market dataset — P2P rates, crypto card spend, on-chain flows
Creator: OpenRate
License: https://creativecommons.org/licenses/by/4.0/
Keywords: p2p rate, usdt p2p rate, stablecoin card spending, crypto card volume, binance p2p, p2p arbitrage, on-chain card data

Every crypto-card program, ranked by real on-chain settlement. Who's winning, who's bleeding, and what their business is actually worth — before anyone else knows.

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What's inside

Six ways to
read the market.

Not a chart library — a working intelligence desk. Every figure built on our own on-chain settlement index, reconciled to source.

01 · The league

Every program, ranked by
settlement truth.

23 programs
$908.0M / month
+4.8% MoM

#	Program	Monthly volume	Market share	MoM
1	RedotPay	$475.9M	52.4%	▲ 6.8%
2	KAST	$199.0M	21.9%	▲ 13.9%
3	EtherFi	$108.8M	12.0%	▼ 3.9%
4	Karta	$39.1M	4.3%	▲ 13.8%
5	Tria	$15.6M	1.7%	▼ 31.7%
6	Kolo	$10.3M	1.1%	▼ 1.9%
7	Cypher	$9.2M	1.0%	▼ 3.6%
8	Plasma One	$9.0M	1.0%	▲ 162.9%
9	Bitget Wallet	$7.5M	0.8%	▲ 7.9%
10	Gnosis	$6.6M	0.7%	▼ 34.9%
11	Holyheld	$3.7M	0.4%	▼ 12.4%
12	MetaMask	$3.7M	0.4%	▼ 16.5%
13	Avici	$3.3M	0.4%	▼ 20.9%
14	Ready	$3.2M	0.4%	▼ 42.2%
15	SafePal	$2.7M	0.3%	▼ 3.5%
16	BFinance	$1.9M	0.2%	▼ 61.1%
17	Tuyo	$1.9M	0.2%	▼ 5.8%
18	Exa	$1.5M	0.2%	▲ 15.2%
19	Avalanche Card	$1.4M	0.2%	▼ 11.9%
20	Solayer	$1.2M	0.1%	▼ 21.9%
21	Phantom Cash	$1.1M	0.1%	▼ 6.6%
22	Solflare	$917K	0.1%	▼ 1.5%
23	Hyperbeat	$433K	0.0%	▲ 11.0%

Full league, free. The deeper workspace — momentum, dossiers, personas & whale flows — is Pro.Get access →

The momentum

See share shift the month it happens.

Month-over-month share swings across the entire market — who took share-points, who ceded them, and the fastest movers at scale. Visible long before it reaches a press release.

The dossiers

A private file on every competitor.

Every program opens into its own page — settlement history, share trajectory, unit economics, valuation benchmarks, retention cohorts and the whales that move it. Auto-generated. Always current.

Economics & valuation

Live spend × verified fee and cashback models — revenue, take rate, net margin and valuation per program.

Cardholder intelligence

154K+ indexed holders in personas — ticket sizes, chains, monthly actives, new-to-card growth, retention.

Whales & concentration

The largest spenders and settlements on-chain, and exactly how much of each program the top 1% drives.

$908M monthly volume · 23 programs· 226.9K wallets indexed · 40 months of history

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Know the market before
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