Speaking about benchmarks in crypto marketing


In 2025, avg crypto CPI (cost per install) = $2.90.
But that's the top of the funnel.
Let's assume:
Install → registration: 30%
Registration → KYC/onboard: 30%
Approved → deposit: 50%
Deposit → first transaction: 70%
This way, cost per first transacting user = ~$92
And I don't even take retention, trust issues, poor-quality traffic, paid channel overlap, etc into consideration.
Let's start being realistic, guys.
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