Bitcoin (BTC) Daily On-Chain Volume Now Surpasses Visa and Mastercard Combined

Bitcoin is now estimated to have on-chain daily volume of $46.4 billion, which is more than credit card giants Visa and Mastercard process each day.

Bitcoin is now processing more than $46.4 billion in daily on-chain volume, which surpasses the daily transaction volume processed by credit card giants Visa and Mastercard.

According to data from a recent CME report, Visa processes around $38.9 billion in daily transactions, while Mastercard handles approximately $24.7 billion.

The surging crypto market has seen bitcoin’s price increase nearly 50% year to date, further cementing the cryptocurrency as a strong contender in the payments space.

A large part of the recent inflows into bitcoin were driven by the regulatory approval and subsequent launch of 11 spot bitcoin ETFs in January. A few months later, bitcoin hit a new all-time high, shortly following the latest bitcoin halving.

However, crypto enthusiasm has waned in recent months amid concerns over regulatory challenges from the U.S. Securities and Exchange Commission (SEC).

The SEC has announced actions against Coinbase, Robinhood, Binance, and others, arguing that many of the crypto tokens on these platforms should be classified as securities. According to the commission, this would mean that most crypto exchanges have been operating as unregistered securities brokers.

This line of thinking was also part of the reason why it seemed unlikely that the SEC would be approving nascent ether ETFs anytime soon.

Yet, in a major win for the crypto community, ether ETFs are now reportedly days away from approval. While the SEC has not provided clear reasoning for its about-face on the new ETFs, it marks another positive sign for crypto in what has already been a banner year.

Moreover, crypto has taken center stage in U.S. presidential election campaigns. The presidential candidate Donald Trump’s recent shift from crypto critic to advocate has provided a boost to digital assets.

Trump's pivot has led to endorsements from Silicon Valley investors in what billionaire Mark Cuban has described as strictly "a bitcoin play."

"You can’t align the stars any better for a BTC price acceleration," Cuban wrote on X. "How high can the price go. Way higher than you think. Remember, the market for BTC is global. And the supply has a final limit of 21 million BTC, with unlimited fractionalization."

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