Crypto gaming and gambling ads ‘most expensive’ for onboarding users

Key Points

  • Crypto gaming and gambling campaigns are the most expensive for onboarding users with existing crypto wallets, with a median cost per wallet (CPW) of $8.74.
  • DeFi and CeFi campaigns are significantly more cost-effective, with a median CPW of $2.79.
  • High churn rates, speculative behavior, and intense competition contribute to the high cost of crypto gaming and gambling ads.
  • Premium markets like the US and Western Europe see a significant increase in CPW during market downturns.

Summary

Recent data from Web3 marketing firm Addressable reveals that crypto gaming and gambling campaigns are the most expensive way to acquire users with existing crypto wallets, with a median cost per wallet (CPW) of $8.74. This high cost is attributed to factors like higher churn rates, speculative behavior, and intense competition within these sectors. In contrast, decentralized finance (DeFi) and centralized finance (CeFi) campaigns are much more cost-effective, with a median CPW of $2.79. The analysis, based on 200 programmatic campaigns targeting an estimated 9.5 million users globally, also shows that during market downturns, attracting crypto users in premium markets like the US and Western Europe becomes significantly more expensive, with CPW increases noted between Q1 and Q3 of 2024. Meanwhile, emerging markets offer lower CPW but can experience extreme cost volatility. This data underscores the challenges and opportunities in different sectors of the crypto industry when it comes to user acquisition and marketing strategies.

cointelegraph
April 13, 2025
Crypto
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