Funnel

Operational wallet funnel, anchored on referral registration (tracked_users.first_seen).

Operational definition: all wallets the stats worker tracks with a referral registration, all time. A registration is not account creation, and these are wallets, not people. Person-based onboarding (consented people from first observed entry to a confirmed live fill) is on Onboarding; the populations differ and are not combined.

Counts

Referral registrations

158

wallets

Funded

Traded

136

Conversion

from referral registration

Registration → funded

39.2%

Funded → first fill

219.4%

Funded, never traded

0.0%

Time to stage

from referral registration


Registration → first deposit	15.1h	2.2d	3.8d
Registration → first fill	30.4s	2.1m	20.0m

computed 2026-11-04T14:24:51.609Z