Kolo Reaches $91.7M in Tracked Card Spend on Paymentscan

Paymentscan posted a Kolo update after the card’s best month so far. Its Kolo page, checked for this article, shows $91.73M in total tracked card volume, 57,023 transactions, and monthly volume of $15.41M in July 2026 and $15.67M in August 2026.

The important part is the measurement basis. Paymentscan marks the Kolo chart as spends only and says the data is onchain only. That makes it more useful than a top-up chart for judging whether card balances are actually reaching merchants, but it is still a third-party indexed view rather than Kolo’s own financial report.

Kolo’s own product page describes the card as a way to spend crypto through Apple Pay or Google Pay, with BTC cashback and card funding from crypto balances. For readers comparing the Kolo Card, the Paymentscan update is a usage signal, not a full card review. It does not settle whether the card is right for a specific user, because fees, KYC, regional access, cashback caps, and support quality still have to be checked separately.

The caveat is also visible on the Paymentscan page. Kolo metrics are based on settlements with Rain and Wirex, and Paymentscan notes that batched settlements mean transaction and address counts may not map cleanly to end users. The stronger takeaway is simpler: Kolo is now showing sustained double-digit million monthly card settlement activity across Arbitrum, Avalanche, Base, Ethereum, Optimism, and Polygon.

Sources: Paymentscan Kolo data, Paymentscan methodology, Kolo official product page, X trigger.