CEX Wallet releases annual summary: Swap and contract trading volumes have significantly increased, with the focus of crypto wallet usage shifting from trading to "spending + saving"

On December 31, 2025, CEX Wallet released a data review showing that the application scenarios for cryptocurrency wallets are expanding from primarily trading in the past to include payments, stablecoin usage, and on-chain revenue management. Although market sentiment declined slightly at the end of the year, stablecoin payments and on-chain revenue activities continued to grow, indicating that some crypto usage behaviors are gradually becoming independent of short-term market fluctuations. In terms of trading, the monthly Swap trading volume of CEX Wallet in 2025 once exceeded $900 million, a year-over-year increase of 232%; the monthly perpetual contract trading volume approached $5 billion, a 291% increase year-over-year. During the same period, the share of decentralized perpetual contracts in perpetual trading reached 18.7%, about three times higher than at the beginning of the year, reflecting a trend of users migrating to the on-chain derivatives market. Payment scenarios have become a new growth driver for wallet usage. Since the launch of the CEX Wallet crypto card in July, monthly spending has increased more than sixfold. Currently, the wallet supports multiple payment methods including card payments, national QR code payments, local bank transfers, and in-app purchases, aligning with the overall trend of a global stablecoin annual transaction volume of approximately $46 trillion. In revenue management, the quarterly subscription scale of the CEX Wallet Earn product approached $200 million, more than ten times higher than at the beginning of the year, mainly driven by stablecoin wealth management and products in cooperation with leading DeFi protocols. Against the backdrop of a cautious overall market, user demand for on-chain revenue with predictable returns continues to rise.