How E-Money Network Opened 1,043 Wallets and Generated $189,243 in Deposits with Blockchain-Ads
Wallet opens and first-time deposits
E-Money Network is a premium DeFi wallet provider built to bring the security and usability of traditional banking to decentralised finance. The platform targets financially sophisticated users who want institutional-grade security with full DeFi functionality, including access to real-world asset opportunities through its RWA integration. E-Money Network entered paid acquisition looking to grow its active wallet base beyond organic channels and drive first-time deposits from qualified DeFi users globally.
A note on attribution: E-Money Network's paid acquisition on Blockchain-Ads is managed through affiliate partners, each running independently with their own market focus and creative approach. This case study covers one such campaign and reflects what Blockchain-Ads can deliver for E-Money Network-aligned partners targeting financially sophisticated DeFi users globally.
E-Money Network needed to reach financially sophisticated DeFi users who would not only download and open a wallet but fund it with meaningful deposits. This is a high-intent two-step conversion that standard advertising platforms cannot reliably drive.
Four obstacles defined what that required:
Standard display networks could reach finance and crypto audiences but not verified on-chain users with DeFi protocol history and meaningful wallet balances. E-Money Network needed users already active in DeFi who would understand the platform's banking-grade security proposition and act on it. Interest-based platforms had no reliable signal for DeFi protocol engagement or portfolio size.
Blockchain-Ads provided that through four capabilities:
The campaign launched globally across DeFi-active and high-net-worth wallet segments using display and push formats.
Three creative angles ran simultaneously:
The objective was to identify which angle drove the lowest cost per wallet open among DeFi protocol user and high-net-worth individual segments.
Data from Phase 1 identified DeFi protocol users and high-net-worth wallet segments as the strongest converters. The points incentive angle outperformed the plain testnet entry angle on wallet open rate. The earned points reward providing sufficient motivation for high-intent users to complete the download and onboarding steps. Push formats drove stronger direct response rates than display across mobile placements. Budget shifted toward push formats and the points incentive creative. A quest urgency angle was introduced, directing users to complete all quests immediately, to re-engage users who had opened the wallet but not yet completed onboarding steps.
The campaign concentrated spend on the quest urgency and points incentive angles across verified DeFi wallet segments globally. Retargeting layers re-engaged users who had opened wallets but not yet made a deposit. The quest urgency creative, "HURRY Complete all QUESTS now!", drove the strongest deposit conversion rate among retargeted users already inside the onboarding funnel. The retargeting layer delivered the majority of the campaign's 473 depositing users in the final week.