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Fun CEO Alex Fine predicts legacy on‑ramps and bridges will disappear as unified deposit flows take over, citing $3 bn monthly volume and a $72 m Series A
Fun’s payments‑infrastructure startup Fun says the traditional fiat‑to‑crypto on‑ramps and blockchain bridges that power today’s crypto purchases will be obsolete within the next 12 months, a shift it backs with $3 billion of monthly transaction volume and a fresh $72 million Series A raise [1][2].
| At a glance | |
|---|---|
| Catalyst | Fun’s claim that unified deposit flows will replace on‑ramps and bridges |
| Monthly volume | $3 bn processed across Polymarket deposits and Aave vaults |
| Funding | $72 m Series A closed May 1 2026 |
| Timeline | On‑ramps and bridges expected to disappear within a year |
Fine argues that the current crypto payments stack is fragmented, forcing developers to stitch together card processors, banking partners, multiple blockchains and separate bridging services. By embedding fiat‑to‑on‑chain conversion directly into apps, Fun aims to make the underlying infrastructure invisible to end users—mirroring Web2 experiences where consumers rarely consider the payment rails behind a purchase [1]. The company already powers 100 % of deposits and withdrawals on prediction‑market platform Polymarket and routes deposits into Aave’s largest vaults, handling more than $3 billion in monthly transaction flow [1].
If Fun’s “third‑era” deposit flows deliver the 3.4‑to‑8‑fold conversion‑rate improvements it claims over aggregators such as MoonPay and Stripe, the existing on‑ramp providers could lose a sizable share of fiat‑to‑crypto traffic [2]. Fine’s figures are self‑reported, and independent benchmarks are not yet available, so the magnitude of the advantage remains uncertain. Nonetheless, the $72 million Series A round—co‑led by Multicoin Capital and SignalFire—signals strong investor belief in the model and will fund engineering expansion and a new Singapore office [2].
The claim that on‑ramps and bridges will vanish within a year underscores a broader industry push toward seamless, “invisible” crypto payments. Whether Fun’s technology can deliver the promised efficiency gains—and how quickly incumbents adapt—will determine if the prediction becomes a reality or remains a bold vision.
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AI-assisted synthesis by the TrendWatcher Editorial Desk · sourced from 3 outlets · Aug 4, 2026 · How we report
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Bybit Payments GmbH was granted an Electronic Money Institution licence by Austria's Financial Market Authority, allowing it to offer regulated e‑money services alongside its crypto‑asset services.
Fun predicts that unified payment APIs will replace separate on‑ramps and bridges, making crypto transactions invisible to users while embedding them directly into applications.