walllet.com Logo
walllet.com Logo with the subtitle 'Next-Generation Crypto Wallet'.
Thesis logo
The Challenge

Scaling Beyond Vanity Installs

The crypto wallet market is intensely competitive. With users spread across dozens of countries and varying levels of crypto sophistication, traditional advertising often struggles to efficiently acquire genuine wallet users who will actually create accounts and become active.

For walllet.com, a next-generation crypto wallet focused on security, the challenge was clear: How do you scale app installs from real crypto users across global markets while maintaining exceptional cost-per-install efficiency? They needed to move beyond traditional targeting and find a partner who could reach verified wallet holders at scale, without the wasted spend on low-intent users.

Previously, walllet.com worked with an external agency and bought ads through crypto publishers like Coinzilla. But they lacked the ability to target verified on-chain users with precision, leading to inefficient acquisition costs and uncertainty about user quality.

The Solution

A Two-Sided Strategy for Quality Growth

A Global App Install Engine on the Addressable Platform

Addressable's Contribution: Addressable helped walllet.com focus on high-intent non-professional crypto users rather than vanity installs, providing the verified on-chain audience segments. walllet.com then paired this with their expert funnel and creative iteration to drive quality growth.

Methodology Snapshot:

  • Timeframe: Q4 2025 - Q1 2026
  • Platforms: Android & iOS
  • Attribution: App-based install and in-app event tracking
  • Conversion Event: Successful in-app account creation post-install
Overview of Web3 Growth Engine steps: 01 Prospect - target high-conviction wallets; 02 Generate wallet app installs focusing on qualified wallets; 03 Optimize performance data to refine targeting and double down on winners; 04 Convert and measure full funnel from install to account creation.

Their approach was built on three core pillars:

1. Precision Audience Targeting with On-Chain Data

Walllet.com targeted a highly specific audience of verified wallet holders using Addressable's on-chain data:

Audience Segment
Size
Matched Wallets
2.2M
Matched Social Accounts
368K
Target Segments
Wallet Services, Security-Aware Projects

The audience included gamers, NFT users, competitor wallet users, memecoin holders, and DEX/CEX users - a broad but verified crypto-native audience.

2. Global Reach with Strategic Geo Optimization

Walllet.com launched campaigns across 30+ countries, then optimized based on performance data:

Region
Key Markets
Best CPI
South Asia
Pakistan, India, Vietnam, Thailand, Philippines
$0.89 (Pakistan)
Africa
Nigeria, South Africa
$0.95 (Nigeria)
Middle East
UAE, Saudi Arabia, Egypt, Kuwait, Morocco
Included
Latin America
Argentina, Colombia, Mexico, Peru, Venezuela
Included
Europe
Germany, Portugal, Poland, Netherlands, Romania
Included

Key Optimization: Underperforming geos (Japan, Turkey, Australia, France, Brazil, Italy, Chile) were excluded to maximize efficiency.

3. Continuous Optimization for CPI Efficiency

The walllet.com team used Addressable's clear performance data to relentlessly optimize campaigns:

Optimization
Action Taken
Demographics
Excluded women, set 18-55 age targeting
Languages
Added Hindi, Vietnamese, Malay, Thai, Indonesian, Bengali, Finnish, Urdu
OS Targeting
Android Pie & above, iOS specific settings
Creative Testing
Retired Arabic/Farsi/Turkish/Russian creatives due to limited scale
Geo Exclusions
Removed 7 underperforming countries

The Result: CPI dropped from $50 at launch to $1.05 through systematic optimization.

The Results
Scoreboard showing 5K+ app installs, $1.05 Android CPI, 91.6% conversion rate, and 30+ countries reached.

Industry-Leading App Install Efficiency with Verified Crypto Users

The Final Scoreboard

Wallet-first targeting delivers quality installs that convert

Metric
Result
Total App Installs
5,333
Android CPI
$1.05
iOS CPI
$10.54
Blended CPI
$1.52
Android Conversion Rate
91.6% (install to account creation)
Best Geo CPI
$0.89 (Pakistan)
Campaign Duration
3 months

Key Achievements:

  • $1.05 Android CPI - Industry-leading efficiency for verified wallet holder acquisition
  • 5,333 App Installs - All from verified on-chain crypto users
  • 91.6% Conversion Rate - From app install to account creation (Android)
  • $0.89 Best CPI - Pakistan delivered exceptional efficiency
  • 30+ Countries Reached - Truly global acquisition with precision targeting
  • Agency Replaced - Client dropped previous agency after seeing Addressable results

The Most Important Insight

Walllet's $1.05 CPI and 91.6% conversion rate for low-quality installs, surrounded by purple circles with various cryptocurrency logos.

Optimization Beats Scale: From $50 CPI to $1.05 CPI

walllet.com's success was not about launching with perfect targeting - it was about systematic optimization based on real performance data.

The campaign started with a $50 CPI. Through relentless optimization - refining demographics, languages, geos, and creatives - the team drove CPI down to $1.05. That is a 98% reduction in cost-per-install.

The key insight: Android campaigns often outperform iOS for app installs because Google passes back more data, allowing the algorithm to optimize more efficiently. Creatives for smaller language audiences were refined to improve algorithmic efficiency.

"The real unlock came when we started systematically optimizing geos, creatives, and audiences. The Addressable data gave us the signal, but the performance came from iteration."


By the end of the campaign, walllet.com had:

  • 5,333 app installs from verified crypto users
  • 91.6% conversion rate from install to account creation
  • The campaign ultimately outperformed the results previously achieved through the external agency

This is the new standard for app install campaigns in Web3.

This case study was created based on actual campaign performance data from the Addressable platform (Q4 2025 - Q1 2026).

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