2025 Guide to Crypto Acquisition Funnel Tracking and Analytics
2025 Guide to Crypto Acquisition Funnel Tracking and Analytics
2025 Guide to Crypto Acquisition Funnel Tracking and Analytics

Step-by-Step Guide to Tracking Crypto Acquisition Funnels

Step-by-Step Guide to Tracking Crypto Acquisition Funnels

Step-by-Step Guide to Tracking Crypto Acquisition Funnels

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By

Yos Riady

Last Updated

Last Updated

9 Dec 2025

9 Dec 2025

Step-by-Step Guide to Tracking Crypto Acquisition Funnels

Tracking crypto acquisition funnels is essential for optimizing user engagement and measuring marketing effectiveness. By implementing robust analytics, teams can achieve 70–90% attribution accuracy, significantly enhancing resource allocation and ROI. Key steps include setting up a Web3 analytics infrastructure, defining funnel stages, and monitoring critical onchain actions. Addressing drop-off points and automating reporting further supports data-driven decision-making, ultimately driving growth and improving user retention in the competitive crypto landscape.

Many crypto projects struggle to effectively track user acquisition funnels, leading to missed opportunities for growth and optimisation. This guide will provide a comprehensive, step-by-step approach to tracking crypto acquisition funnels, ensuring that critical touchpoints are monitored effectively. Research shows that organisations employing robust analytics strategies can increase conversion rates by up to 30%. By mastering these techniques, crypto builders can transform their data into actionable insights for sustainable growth.

Introduction: Why Tracking Crypto Acquisition Funnels Matters

Tracking crypto acquisition funnels is essential for Web3 marketing teams to measure effectiveness and optimize user engagement. As users interact through pseudonymous wallet addresses across fragmented ecosystems, proving return on investment (ROI) becomes a significant challenge. A well-implemented attribution system can achieve 70–90% attribution accuracy, outperforming traditional ad-tracking methods that struggle with ad blockers and cookie deprecation. This level of precision is crucial for understanding user behavior and identifying the most effective acquisition channels.

Effective tracking allows teams to connect marketing spend directly to onchain actions and revenue. For instance, identifying which channels drive high-value users enables teams to allocate resources more efficiently. By analyzing user drop-off rates, teams can implement targeted changes to enhance user experience. In one case, a team discovered a 40% drop-off after the wallet connect step. By adding contextual tooltips, they achieved a 27% increase in wallet connections and a 19% boost in users completing their first transaction.

These insights not only aid in refining marketing strategies but also enhance user retention and monetization efforts.

"Web3 marketing teams face a fundamental challenge: proving ROI in a world where users operate through pseudonymous wallet addresses across fragmented ecosystems." - Web3 Attribution Guide (Dev.to)

What You'll Need Before You Start

Before launching a crypto acquisition funnel, it's essential to establish a strong foundation. Understanding the necessary components not only aids in effective tracking but also enhances overall marketing strategy. A well-structured approach will encompass a variety of tools, platforms, and technical requirements that facilitate accurate data collection and analysis.

By ensuring that all prerequisites are in place, teams can maximize the efficiency of their acquisition funnels. This preparation allows for a clearer view of user interactions and helps in making data-driven decisions. Such groundwork is vital for achieving higher attribution accuracy, ultimately leading to improved ROI on marketing efforts.

Essential Tools and Platforms

Establishing a strong foundation for tracking crypto acquisition funnels involves selecting the right tools and platforms. Teams should consider options like Dune Analytics for SQL-based custom dashboards, Nansen for wallet tracking, and Formo for unified product analytics. Each tool offers unique features that enhance data collection and optimize user insights, ensuring effective marketing strategies.

Technical Requirements and Access

Establishing the technical requirements for tracking crypto acquisition funnels involves integrating various tools and platforms that facilitate data collection. Key components include an onchain analytics platform, wallet tracking software, and a robust data infrastructure. For instance, utilizing APIs from blockchain explorers can provide real-time transaction data, while implementing SDKs can enhance user identification across different platforms. This setup ensures accurate attribution by capturing user interactions seamlessly, ultimately leading to more effective marketing strategies and improved ROI.

Understanding the Crypto Acquisition Funnel

Tracking crypto acquisition funnels is vital for understanding user behavior in the Web3 landscape. Unlike traditional marketing channels, crypto funnels involve unique challenges due to pseudonymous wallet addresses and fragmented ecosystems. This complexity necessitates precise attribution methods to measure the effectiveness of marketing strategies.

A well-implemented tracking system can achieve 70–90% attribution accuracy, significantly higher than conventional ad-tracking techniques. This level of accuracy is essential for determining which channels drive high-value users and for optimizing resource allocation. Furthermore, analysis of user drop-off rates reveals critical friction points. For example, a DeFi app analysis indicated that 40% of users dropped off after the wallet connect step, highlighting areas for improvement in the acquisition process (Dev.to). Understanding these dynamics enables teams to enhance user experiences and maximize return on investment.

How Web3 Funnels Differ from Traditional Funnels

Tracking crypto acquisition funnels diverges significantly from traditional funnels due to unique characteristics inherent to Web3.

  • Identity Management: Instead of utilizing email addresses or login credentials, Web3 relies on wallet addresses, necessitating advanced identity resolution techniques to track user behavior without compromising privacy.

  • Data Sources: Acquisition data integrates offchain browser events, such as clicks and page views, with public onchain transaction data, including smart contract interactions and DeFi activities.

  • Conversion Goals: Success metrics focus on onchain actions—like token swaps and NFT purchases—rather than conventional metrics like form submissions.

  • Privacy Expectations: Web3 users prioritize privacy, demanding transparent and ethical tracking approaches, often preferring opt-in methods to ensure data security.

Key Stages in a Crypto App User Journey

The user journey in a crypto app typically consists of several key stages that can significantly impact acquisition and retention strategies.

  • Discovery: Users first encounter the protocol through offchain channels, such as Twitter ads, Reddit posts, or Discord communities.

  • Website Visit: Upon visiting the landing page, UTM tracking captures the campaign source, providing insights into user acquisition channels.

  • Wallet Connection: This critical step bridges offchain and onchain activity, where many users may drop off.

  • Approval/Permission: Users grant smart contract permissions, allowing the protocol to interact with their wallets.

  • First Transaction: The initial onchain action, such as a swap, mint, or stake, converts a visitor into an active user.

  • Retention Actions: Subsequent transactions and interactions indicate sustained engagement with the protocol.

Step 1: Set Up Your Web3 Analytics Infrastructure

Setting up a robust Web3 analytics infrastructure is fundamental for tracking crypto acquisition funnels effectively. As the landscape evolves, understanding user interactions across various platforms becomes increasingly complex. This complexity underscores the necessity of implementing a systematic approach to analytics that captures user behavior accurately.

A well-structured analytics framework can significantly enhance the ability to measure performance and optimize marketing strategies. By leveraging advanced attribution techniques, teams can discern which marketing channels yield the highest return on investment. Such insights enable better resource allocation and targeted interventions to improve user experience. Furthermore, the integration of onchain data with offchain metrics provides a comprehensive view of user journeys, allowing marketers to connect the dots between initial engagement and eventual conversion.

To achieve meaningful insights, it is essential to select the right tools and methodologies. This preparation sets the stage for deeper dives into specific strategies, such as choosing the appropriate attribution platform and integrating wallet-based tracking. Ultimately, a solid analytics foundation empowers teams to navigate the intricacies of user acquisition in the Web3 space, driving sustained growth and engagement. Organizations that adopt these practices can expect to see attribution accuracy levels rise significantly, enhancing their overall marketing efficacy.

Choosing the Right Attribution Platform

Choosing the right attribution platform involves several critical considerations that can significantly impact marketing effectiveness.

  • Define your goals: Determine whether the focus is on product analytics, marketing attribution, or social media growth. Teams prioritizing user behavior analysis might prefer unified platforms, while those focused on advertising ROI may choose specialized attribution tools.

  • Review ease of use: Evaluate the importance of no-code dashboards, simple SDK integration, and robust APIs. Technical teams comfortable with SQL might prefer more flexible options, whereas growth-focused teams may benefit from user-friendly interfaces.

  • Choose privacy-friendly solutions: Ensure alignment with user privacy and regulatory compliance by selecting tools that avoid invasive tracking methods.

  • Evaluate cost and support: Compare pricing models and customer support quality, considering both short-term costs and long-term viability as the protocol grows.

Integrating Wallet-Based Tracking

Integrating wallet-based tracking enhances the ability to follow users across various platforms and sessions. Wallet addresses provide persistent, cross-platform identification that remains stable, enabling clearer insights into user behavior and acquisition channels. This integration allows for more precise measurement of marketing effectiveness and improved resource allocation. By leveraging this data, teams can better understand user interactions and optimize their strategies for increased engagement.

Connecting Offchain and Onchain Data Sources

Connecting offchain and onchain data sources is vital for creating a comprehensive view of user interactions.

  • Offchain Data Collection: Capture website visits, button clicks, form submissions, and UTM parameters via SDK or API integration to track discovery and engagement.

  • Onchain Event Indexing: Monitor smart contract interactions, token transfers, and transaction volumes directly from public blockchain data using indexing tools.

  • Identity Stitching: Link wallet addresses to offchain sessions through wallet connection events that bridge Web2 and Web3 activity.

  • Unified Attribution: Correlate offchain marketing touchpoints with subsequent onchain activity to create end-to-end user journey visibility.

Step 2: Define Your Funnel Stages and Events

Defining funnel stages and events is crucial for optimizing crypto acquisition strategies. A well-structured funnel allows teams to track user interactions, from initial engagement to conversion, providing insights into user behavior across various touchpoints. By establishing clear stages, such as awareness, consideration, and decision, teams can identify where users drop off and where to focus their efforts.

Moreover, defining specific events—such as wallet connections, token swaps, and purchases—enables direct measurement of user engagement and value creation. This clarity not only aids in refining marketing strategies but also enhances alignment between product development and growth initiatives, ultimately driving better results in user acquisition and retention.

Mapping Offchain Touchpoints

Tracking offchain touchpoints is essential for understanding user interactions before they engage onchain. Key metrics to capture include:

  • Website interactions: Monitor landing page visits, navigation paths, session durations, and button clicks through traditional analytics SDKs.

  • Marketing attribution codes: Use UTM parameters to link paid ads, influencer content, and organic marketing to downstream wallet connections.

  • Social media engagement: Track Discord joins, Telegram activity, and Twitter interactions via platform APIs.

  • Community participation: Analyze forum posts, governance discussions, and educational content consumption.

  • Mobile application events: Capture app opens, in-app interactions, and screen flows for apps with a mobile presence.

These elements together create a comprehensive view of the user's journey, enabling more effective marketing strategies and user engagement.

Identifying Critical Onchain Actions

Identifying critical onchain actions is essential for tracking crypto acquisition funnels effectively. The following actions serve as key indicators of user engagement and intent:

  • Wallet Connection: This is the initial bridge between offchain discovery and onchain identity, marking a critical conversion point where attribution begins.

  • Contract Approvals: These permissions signal user intent to interact with protocol smart contracts.

  • First Transaction: This includes the initial swap, mint, stake, or any protocol-specific action that converts a visitor into an active user.

  • Token Transfers: Movement of assets indicates genuine economic activity and engagement.

  • Protocol Interactions: Actions such as providing liquidity, yield farming, or governance voting are pivotal in DeFi ecosystems.

  • NFT Activities: Engaging in minting, buying, selling, or transferring non-fungible tokens also highlights user involvement.

  • Cross-Chain Bridges: Asset movements between different blockchain networks indicate a user's multi-chain behavior.

Understanding these actions allows marketing teams to refine their strategies and enhance user experiences.

Creating Custom Event Taxonomies

Creating custom event taxonomies is essential for effectively tracking user interactions in crypto acquisition funnels. By categorizing specific actions—such as wallet connections, token swaps, and purchases—teams can gain a granular understanding of user engagement. This structured approach allows for precise measurement and analysis, enabling teams to identify drop-off points and optimize marketing strategies accordingly. Consequently, a well-defined taxonomy enhances alignment between marketing efforts and product development, driving improved user acquisition and retention outcomes.

Step 3: Implement Tracking Across All Channels

Implementing tracking across all channels is crucial for understanding user interactions and optimizing acquisition funnels in the crypto space. This process enables marketing teams to gather insights on user behavior, facilitating better decision-making regarding resource allocation and campaign effectiveness. By capturing data from multiple sources, teams can create a comprehensive picture of how users engage with various marketing initiatives.

Effective tracking not only highlights successful channels but also identifies areas needing improvement. This dual insight can drive strategic adjustments that enhance overall user experience and retention. Ultimately, a robust tracking system supports informed decision-making, leading to improved marketing outcomes.

Setting Up UTM Parameters for Campaign Attribution

Setting up UTM parameters effectively links marketing campaigns to user actions on the blockchain. This process enables clear tracking of campaign performance by associating specific sources with wallet interactions.

UTM-to-wallet mapping links campaign sources to onchain activity, enabling teams to compare influencer ROI by measuring wallets and transactions attributed to each partner. (Dev.to - October 2025)

Tracking Social and Community Engagement

Measuring social and community engagement is vital for tracking crypto acquisition funnels. By utilizing tools that analyze interactions across platforms, teams can assess which community channels drive meaningful traffic. Tracking metrics such as engagement rates and referral sources helps identify valuable community segments. This data enables targeted strategies that enhance user acquisition and retention, ultimately improving marketing outcomes.

Monitoring Wallet Connections and Transactions

Monitoring wallet connections and transactions involves implementing tools that track user interactions in real time. By utilizing onchain analytics, teams can capture detailed data on wallet activity, including transaction volumes and connection patterns. This allows for the identification of user acquisition sources and the effectiveness of marketing efforts. For example, tracking wallet connections can reveal which campaigns lead to higher transaction rates, enabling teams to refine their strategies and enhance user engagement effectively.

Step 4: Configure Key Metrics and KPIs

Configuring key metrics and key performance indicators (KPIs) is crucial for effective tracking of crypto acquisition funnels. These metrics provide insights into user engagement, helping teams assess the performance of their marketing strategies. By defining specific KPIs, teams can align their tracking efforts with broader business objectives, ensuring that every acquisition channel is evaluated against quantifiable goals.

A well-structured approach to KPIs includes metrics that reflect growth, retention, and revenue. For instance, tracking Daily Active Wallets (DAW) can reveal user engagement trends, while Customer Acquisition Cost (CAC) helps measure the efficiency of marketing spend. Additionally, understanding the User Activation Rate—the percentage of wallets that complete their first onchain action—can pinpoint how effectively users are being onboarded.

Establishing a comprehensive framework for these metrics enables teams to visualize the user journey from initial contact through to conversion. This visibility is essential for identifying friction points and optimizing the overall acquisition process. With precise tracking, teams can make data-driven decisions that enhance user experience and maximize return on investment (ROI).

Acquisition Metrics to Monitor

Tracking key acquisition metrics is vital for understanding the effectiveness of marketing efforts in the crypto space. The following metrics should be monitored closely:

  • Daily Active Wallets (DAW): This measures the number of unique wallet addresses interacting with the protocol each day, providing insight into daily user engagement.

  • Weekly Active Wallets (WAW): Unique wallets active over a seven-day period indicate sustained user engagement and retention.

  • New Wallet Connections: Tracking first-time wallet connections helps attribute user acquisition to specific campaigns or channels.

  • Customer Acquisition Cost (CAC): This metric is calculated by dividing total marketing and sales expenses by the number of new active wallets, revealing the efficiency of marketing spend.

  • Attribution by Channel: Identifying which marketing channels—such as Twitter, Discord, and influencer partnerships—drive the most wallet connections is critical for optimizing strategies.

  • Time-to-Activation: This measures the time between a user's first visit to the website and their first onchain transaction, helping to assess onboarding efficiency.

Conversion and Retention Indicators

Understanding conversion and retention indicators is vital for optimizing crypto acquisition funnels. These metrics reveal how effectively users transition from initial engagement to becoming active participants. For example, the User Activation Rate gauges the percentage of wallets completing their first onchain action, highlighting onboarding success. Additionally, analyzing Customer Acquisition Cost (CAC) helps determine the efficiency of marketing expenditures. Most sales funnels convert between 3% and 10%, with a median rate of 6.6% across industries, emphasizing the need for targeted strategies to improve these figures (VWO - October 2025).

Onchain Performance Metrics

Tracking onchain performance metrics is essential for understanding user engagement within crypto acquisition funnels. Key metrics include:

  • Total Value Locked (TVL): Indicates user trust and engagement through the overall value of assets locked in a DeFi protocol.

  • Transaction Volume: Reflects platform usage through the number and value of onchain transactions.

  • Average Transaction Size: Helps differentiate between high-value and low-value user segments.

  • Gas Fee Tolerance: Shows how much users are willing to spend on transaction fees, indicating their commitment level.

  • Protocol Interaction Depth: Measures product adoption by counting the number of different protocol features each wallet uses.

  • Cross-Chain Activity: Reveals multi-chain user behavior through interactions across multiple blockchain networks.

Step 5: Build Your Funnel Visualisation Dashboards

Building effective funnel visualization dashboards is crucial for tracking user journeys in the crypto space. These dashboards provide insights into user behavior, highlighting where users drop off during the acquisition process. By integrating various data sources, teams can visualize the steps users take from initial contact with marketing channels to completing transactions.

To create impactful dashboards, consider the following key components:

  • User Journey Mapping: Track the entire user experience from the moment they enter the platform to when they complete their first transaction. This includes identifying which marketing channels lead to successful conversions.

  • Event Tracking: Implement custom events to monitor specific actions, such as wallet connections and token purchases. This helps in understanding user interactions at each stage of the funnel.

  • Drop-off Analysis: Analyze where users abandon the process. Identifying these pain points allows for targeted improvements, potentially increasing conversion rates.

For example, a DeFi app experienced a 27% increase in wallet connects and a 19% boost in users completing their first transaction after enhancing their dashboard with contextual tooltips and quick links to wallet setup guides. This demonstrates the power of effective funnel visualization in optimizing user acquisition.

Step 6: Analyse Drop-Off Points and Optimise Performance

Identifying and addressing drop-off points in crypto acquisition funnels is essential for optimizing user performance. The first step involves identifying the drop-off stage by reviewing conversion rates at each funnel point to pinpoint where users abandon the journey most frequently. Once the critical stages are identified, the next step is to investigate root causes. For instance, if drop-offs occur at wallet connection, testing different wallet connectors, such as MetaMask and WalletConnect, can provide insights. Updating calls-to-action (CTAs) for clarity may also improve user retention.

Segmenting by user type is another effective strategy. Analyzing whether whales, newcomers, or mid-tier users experience different friction points can help tailor solutions more effectively. Following this, it is important to test solutions systematically. A/B testing onboarding screens, button copy, or in-app surveys allows teams to attribute changes directly to onchain actions. Finally, monitoring failed transactions is crucial. Tracking failed transaction events can quickly surface contract issues or UX bugs before users churn.

Implementing these strategies can significantly enhance user experience and retention in crypto acquisition funnels. By focusing on these key areas, marketing teams can drive better results and improve overall performance in their acquisition efforts.

Step 7: Set Up Automated Reporting and Alerts

Automated reporting and alerts are crucial for optimizing crypto acquisition funnels. These tools enable teams to receive real-time notifications about significant events, such as new user registrations or transaction thresholds. Implementing automated reporting helps ensure that critical insights are not overlooked, allowing teams to respond quickly to changes in user behavior or market conditions.

To set up automated reporting, teams should first identify key performance indicators (KPIs) relevant to their acquisition funnels. Common KPIs include user activation rates, transaction volumes, and conversion rates at various funnel stages. Once these metrics are established, integrating tools like Google Analytics or specialized onchain analytics platforms can facilitate data tracking and reporting.

Alerts can be configured to notify teams via email or communication platforms like Slack when specific thresholds are met. This approach allows for immediate action on critical events, such as a spike in user drop-offs or an increase in successful transactions. By creating a feedback loop, teams can continuously refine their strategies based on real-time data.

Moreover, ongoing testing and adjustments to the reporting setup are essential. Regularly reviewing which alerts are most effective can help streamline operations and focus on the most impactful metrics. Adopting a proactive stance towards automated reporting ultimately enhances the ability to optimize user acquisition strategies and improve overall performance in the competitive crypto landscape.

Tips and Troubleshooting

Tracking crypto acquisition funnels presents unique challenges and opportunities for Web3 marketing teams. As the landscape evolves, understanding how users interact with various platforms becomes crucial for optimizing marketing strategies. The decentralized nature of blockchain technology complicates traditional tracking methods, making it essential to develop robust systems that can accurately attribute onchain actions to specific marketing efforts.

A well-structured tracking system can enhance visibility into user behavior, allowing teams to identify which channels yield the highest return on investment (ROI). This insight is vital for allocating resources effectively and improving user engagement. Moreover, as privacy regulations tighten, adherence to compliance standards becomes increasingly important.

By implementing effective tracking mechanisms, teams can navigate the complexities of multi-chain environments, ensuring that they capture valuable data without infringing on user privacy. This approach not only aids in refining marketing strategies but also supports long-term growth and sustainability in a competitive market. Ultimately, mastering crypto acquisition funnels can lead to significant improvements in user acquisition and retention strategies, setting the foundation for future success in the Web3 space.

Common Tracking Challenges in Web3

Tracking in Web3 faces several unique challenges that complicate the measurement of user engagement.

  • Fragmented User Identity: A single person might operate multiple wallets across chains, making it difficult to track engagement, retention, and growth accurately.

  • Cross-Platform Journeys: Users interact across both offchain environments (social media, websites) and onchain environments (DEXs, DeFi protocols) without natural connection points.

  • Tool Fragmentation: Different analytics platforms handle different parts of the user experience—Mixpanel might track website behavior, whilst Dune Analytics monitors onchain activity, with neither providing a complete picture.

  • Attribution Gaps: Traditional analytics can't link offchain touchpoints like Twitter ads to onchain conversions such as wallet connections and blockchain transactions.

  • Multi-Chain Complexity: As ecosystems expand across multiple blockchains and layer-2 solutions, tracking user behavior becomes exponentially more complex.

Privacy and Compliance Considerations

Privacy and compliance considerations are critical when developing tracking systems for crypto acquisition funnels. As regulations evolve, it is essential to ensure that user data is collected and processed in accordance with legal standards. Implementing privacy-by-design principles can help mitigate risks while maintaining data integrity. For example, anonymizing user data and obtaining explicit consent can enhance compliance, allowing marketing teams to analyze user behavior effectively without compromising privacy.

Best Practices for Multi-Chain Tracking

Multi-chain tracking requires a strategic approach to ensure effective data collection across various blockchain environments. Implementing unified tracking protocols that aggregate data from multiple chains can streamline the process, allowing for a holistic view of user interactions. Utilizing tools that support cross-chain analytics enables teams to identify trends and user behavior patterns more accurately. Furthermore, establishing clear attribution models tailored to each chain's unique characteristics enhances the understanding of how marketing efforts translate into user engagement and revenue across different platforms.

Conclusion: Turning Data Into Growth

Effective tracking of crypto acquisition funnels transforms raw data into actionable insights, enabling marketing teams to drive growth. By implementing a robust attribution system, organizations can achieve 70–90% attribution accuracy, significantly enhancing their understanding of user behavior and the effectiveness of various acquisition channels. This precision allows teams to identify which channels attract high-value users, facilitating better resource allocation and maximizing return on investment (ROI).

Moreover, tracking user interactions across fragmented ecosystems helps pinpoint drop-off rates, offering opportunities for targeted improvements in user experience. For example, teams can analyze where users disengage and implement changes that streamline the acquisition process. This data-driven approach not only optimizes marketing strategies but also enhances overall user satisfaction, leading to increased retention and engagement. As the crypto landscape continues to evolve, leveraging data effectively will remain a critical factor in achieving sustained growth and competitive advantage in the market.

Frequently Asked Questions

What are crypto acquisition funnels?

Crypto acquisition funnels are structured pathways that illustrate the journey users take from initial awareness of a crypto product to completing onchain actions, such as wallet connections or transactions. Understanding these funnels helps in optimizing user engagement and marketing effectiveness.

How can teams analyze user drop-off rates effectively?

Teams can analyze user drop-off rates by examining conversion rates at each stage of the funnel, identifying where users abandon the process, and investigating root causes. Implementing A/B testing and monitoring failed transactions can also provide insights into user friction points.

What tools are recommended for tracking crypto acquisition funnels?

Recommended tools include Dune Analytics for custom dashboards, Nansen for wallet tracking, and Formo for unified product analytics. Each tool offers specific features that enhance data collection and user insights.

Why is wallet-based tracking important in crypto marketing?

Wallet-based tracking is important because it provides persistent identification across platforms, allowing for clearer insights into user behavior and acquisition channels. This enhances the measurement of marketing effectiveness and resource allocation.

What key performance indicators (KPIs) should be monitored in crypto acquisition funnels?

Key performance indicators to monitor include Daily Active Wallets (DAW), Customer Acquisition Cost (CAC), and User Activation Rate. These metrics help in evaluating user engagement and the efficiency of marketing efforts.

Sources & References

  1. Web3 Attribution Explained | The Onchain Growth Guide for Web3 Marketing Teams

  2. Web3 Event Analytics | The Complete Guide to Analytics & Attribution for Web3

Related Articles

Check out these related articles for more information:

  • Web3 Attribution Guide - This is the exact source cited in the article's introduction and provides comprehensive coverage of the attribution topic central to the article's theme.

  • crypto campaign attribution - Directly supports the article's focus on tracking and attribution by providing a definitive guide to campaign attribution and reporting in crypto.

  • optimize user experience - Highly relevant to the article's discussion of reducing drop-offs and improving wallet connection rates through funnel optimization.

  • crypto app user journey - Complements the article's section on understanding the crypto acquisition funnel by providing deeper insights into visualizing user journeys.

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