The executive said metrics like CPC or cost per impression (CPM) often fail to determine who are high-intent users and which ones are simply “low-quality traffic,” users who may not be interested in their products. “For the first time, crypto companies can accurately measure which campaigns drive engaged, high-value users, rather than wasting resources on bots or ‘normies’ who are unlikely to convert,” Nadler told Cointelegraph. In a press release, Addressable said the new Web3-native acquisition metric could help crypto projects track how many users become active participants in decentralized finance (DeFi) protocols, wallets or exchanges. Effect of wallet ownership on engagement, logins and conversions Source: AddressableRelated: UAE saw 41% increase in crypto app downloads in 2024 — AppsFlyerMarketing for institutional adoptionWhile CPW primarily targets retail user acquisition, the broader crypto industry is also shifting focus toward institutional adoption.On Jan.22, Etherealize, a marketing firm backed by the Ethereum Foundation, launched to educate institutions on blockchain and Ether (ETH).
A lower CPA means customer acquisition is more efficient, while a lower CPC indicates that businesses are implementing more cost-effective ad campaigns. Addressable claims that CPW would allow businesses to determine which users are “high-value” and are more likely to get converted into their marketing funnels, helping them optimize their marketing efforts and avoid “bots.” Users with wallets more likely to convert to crypto productsAddressable chief operating officer and co-founder Asaf Nadler told Cointelegraph that their analysis data showed that users with a wallet are more likely to convert to crypto products:“Our analysis reveals a striking insight: users with a crypto wallet installed are 18 times more likely to sign up and seven times more likely to convert to crypto products.”Nadler argued this makes CPW a “more effective” metric than traditional metrics.
The company claims CPW provides a more precise measure of user engagement compared to traditional Web2 marketing, where metrics such as customer acquisition cost (CAC) and cost per click (CPC) are commonly used, by tracking onchain wallet activity instead of ad clicks or website logins.
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