Cost Per Wallet
Introducing Cost Per Wallet (CPW), a metric quantifying onboarding costs. It reveals public ROI and drives web2 social growth. It’s a game-changer for crypto clients.
The Challenge of web2 Metrics in web3
Traditional Web2 metrics like CAC and CPC don’t translate well to crypto due to assumptions that don’t apply.
CAC CAC assumes a clear conversion event, but in crypto, it often occurs off-site, on exchanges, DEXs, or even on-chain. Users interact across multiple wallets, making direct comparisons difficult.
CPC In Web3, the Cost Per Click (CPC) model assumes clicks indicate attention. However, Key Opinion Leaders (KOLs) and banner advertisements hold more influence. Clicks don’t guarantee adoption; they could come from automated bots, airdrop farmers, or casual visitors.