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CONSUMER&
BRANDBrandKPIs
for
cryptocurrencies:Polkadot
in
the
United
KingdomConsumer
Insights
reportNovember2024Discover
your
Brand
KPI
scores.
Benchmark
against
competitors
and
measureyour
brand’s
marketimpactIntroduction:
studydetailsThe
reportMethodologyThisreport
hasbeen
created
usingthe
datafromStatista’sConsumer
InsightsBrand
KPIs.Thereportprovides
you
with
key
consumer
insightsandbenchmarks
forabrand’sperformance
againsttheindustryoverall
and
theircompetitors.Design:OnlineSurveyDuration:
approx.
15
minutesLanguage:official
language(s)
ofeach
country
withAmerican
Englishoffered
asanalternativeRegions:Brazil,Germany,
India,
Mexico,
U.S.
and
UKNumberofrespondents:approx.
2500Ourdataallows
you
tomeasure
each
brand’spositioninthe
market
bycreating
aprofile
usingStatista’s5key
performance
indicators.
Which
are:
awareness,popularity,ownership,
loyalty,and
media
buzz.Sample:
Internet
users,
aged18
-64,
quotasset
ongender
and
ageThisreport
is
basedon
Polkadot’s
performance
inthecryptocurrency
market.Fieldwork:September
2024Ifyou
would
liketofind
out
more
abouttheConsumerInsightsatStatista
or
theBrandProfiler,
please
clickthe
linkbelow.2Notes:Forthis
report
“Usage”indicates
the
specific
“Ownership”Sources:
Statista
Consumer
Insights
Global,
asofNovember202466%
of
Polkadot
owners
display
loyalty
towards
the
brandIntroduction:
key
insightsWhodoesthebrandappeal
to?How
doesthebrandperform
inthemarket?•Polkadot’sbrandingresonates
with
Gen
Xsimilarly
to
•Polkadot
ranksoutside
the
Top
10
inawarenessother
brandsinthe
industrywithin
the
cryptocurrency
market•Polkadot
generally
appealsto
men
more
thanwomen•Thepopularity
ratingof
Polkadot
is20%•Polkadot
ranksoutside
the
Top
10
inownership•Among
Polkadot
enthusiasts,57%
fallunderthehigh-income
category•Interms
of
loyalty,Polkadot
isoutside
the
Top
10
inthe
United
Kingdom•Consumers
want
theircryptocurrency
brandstohavehighvalue,honesty
/trustworthiness,
andauthenticity•Polkadot
hasascore
of
15%
formedia
buzz3Sources:
Statista
Consumer
Insights
Global,
asofNovember2024CHAPTER
01Brand
profileInthissection,
we
show
the
demographics
and
attitudesof
consumers
who
saytheylikethisbrandversus
the
share
ofindustryusers.
Thechapteraimsto
bringclarity
tocompanies
who
want
to
know
whotheirbrandingiscurrently
appealingtoand
what
theythinkaboutthe
industry.4Loyalty
is
the
highest
scoring
KPI
for
Polkadot
at
66%Brand
profile:
snapshotBrand
performance
of
Polkadot
intheUnited
Kingdom66%20%17%15%15%AwarenessPopularityUsageLoyaltyBuzz5Notes:Cryptocurrencies
‘awareness’,‘popularity’,
‘ownership’,
‘loyalty’
and
‘buzz’
by
brand;
Multi
pick;
Base:n=1,247,
all
respondents
(awareness),n=213,
respondents
who
know
the
individual
brand
(popularity),
n=213,
respondentswho
know
the
individual
brand
(ownership),
n=32,
respondents
who
have
owned
the
individual
brand
(loyalty),
n=213,
respondents
who
know
the
individual
brand
(buzz)Sources:
Statista
Consumer
Insights
Global,
asofNovember2024Polkadot’s
branding
resonates
with
Gen
X
similarly
to
other
brands
in
theindustryBrand
profile:
consumer
demographics
(1/3)Measuring
attitudesand
opinions
among
generationshelpsidentifyyourtarget
audience
foryournextcampaigns.Share
ofgenerations42%
42%39%37%Withthatinmind,when
looking
atthe
shareofconsumers
who
likePolkadot
bygeneration
versustheshareof
industryusers
ingeneral,
we
cansee
thatPolkadot
islikedby2%
of
Babyboomers
and19%
ofGen
Xers,
whereas
thetotalshare
ofindustryusers
is3%
and
17%,
respectively.19%17%ForMillennials
andGen
Z,
42%
and
37%
feel
positivelytowards
Polkadot,versus
42%
and39%.
Socurrently,forPolkadot,Gen
Xconnects
most
with
theirbrandcompared
to
theoverall
industryuser.3%2%Gen
ZMillennialsGen
XBaby
BoomerBrand
enthusiastIndustryuser6Notes:“How
oldareyou?”;Single
Pick;“When
it
comestocryptocurrencies,
which
ofthe
following
brands
do
youlike?”;Multi
Pick;
Base:n=43,
Polkadot
enthusiast,
n=469,
cryptocurrency
ownersSources:
Statista
Consumer
Insights
Global,
asofNovember2024Polkadot
generally
appeals
to
men
more
than
womenBrand
profile:
consumer
demographics
(2/3)GenderTheGender
splitbetween
brandenthusiastsof
Polkadot
shows
thatwomen
are
lesslikely
to
haveanaffinitywith
the
brandcompared
to
men.LGBTQIA+statusUnderstanding
and
respecting
thediverse
needsandidentitiesof7%8%consumers
is
becoming
more
and
moreimportant,notjustfrom
asensitivitypointof
view,
but
also
fromrecognizingpotential
businessopportunities
thatcome
withinclusivity
and
diversity.
Andcurrently,
Polkadot
hasasimilarproportion
of
LGBTQIA+
consumerswhen
compared
tothe
industryusers
ingeneral.28%72%36%64%72%
ofmen
likePolkadot
compared
to28%
ofwomen,
whereas
fortheoverallindustry,64%
of
men
owncryptocurrencies
compared
to36%
ofwomen.86%88%7%
of
Polkadot
enthusiastsconsiderthemselves
to
bepartof
the
LGBTQIA+community
compared
to8%
amongindustryusers
overall.Brand
enthusiastFemaleIndustryuserMaleBrand
enthusiastIndustryuserNot
givenYesNo7Notes:“What
is
yourgender?”;Single
Pick;“Doyouconsider
yourself
partofthe
LGBTQ+community?”;
Single
Pick;
“When
it
comes
to
cryptocurrencies,
which
ofthe
following
brands
do
youlike?”;Multi
Pick;Base:n=43,
Polkadotenthusiast,
n=469,
cryptocurrencyownersSources:
Statista
Consumer
Insights
Global,
asofNovember2024Among
Polkadot
enthusiasts,
57%
fall
under
the
high-income
categoryBrand
profile:
consumer
demographics
(3/3)HouseholdincomeThegraphillustratestheannualhousehold
income
distribution
amongenthusiastsof
thebrand
andownerswithin
the
industry.HouseholdtypeThechartshows
thehousehold
type,takinginto
account
factorssuchashousehold
size,
familystructure,
andthe
number
ofchildren.14%16%Single7%CoupleSingleparentNuclear57%
ofPolkadot
enthusiastsarefromhigh-income
households.Polkadot’s
brandis
generally
enjoyedmore
byconsumers
who
arepartof
anextended
household,
21%
ofPolkadotenthusiastshavethiscurrent
livingsituation.50%19%58%7%7%42%38%27%23%Multi-generational9%3%29%21%14%ExtendedOther13%0%3%Brand
enthusiastIndustryuserLowHighMediumBrand
enthusiastIndustryuser8Notes:Recode
based
on’’Monthly/annual
household
income
(local
currency)’’;Single
Pick;Typology
basedon
’’household
size’’,
’’household
constellation’’
and
’’children
under
the
ageof14
in
household’’;
Single
Pick;“When
it
comesto
cryptocurrencies,which
ofthe
following
brands
do
youlike?”;
Multi
Pick;
Base:
n=43,
Polkadot
enthusiast,
n=469,
cryptocurrency
ownersSources:
Statista
Consumer
Insights
Global,
asofNovember2024Consumers
want
their
cryptocurrency
brands
to
have
high
value,
honesty
/trustworthiness,
and
authenticityBrand
profile:
qualitiesQualitiesownerswant
from
cryptocurrency
brandsForcryptocurrencies,
the
top
threequalitiesowners
want
fromabrandarehighvalue,honesty
/trustworthiness,andauthenticity.Authenticity80%Thrill/ExcitementSustainabilityBoldnessCleverness60%40%20%0%Polkadot
owners
also
appreciatethesekey
attributes,indicating
Polkadotexudes
thesequalities.SocialresponsibilityCoolnessThequalitiesthatPolkadot
enthusiastsareleast
focused
on
arethrill/excitement
andinclusiveness.ReliabilityExclusivityPolkadot
shouldwork
on
promoting
highvaluetoconvert
enthusiastsintoowners.InnovationInclusivenessFriendlinessHighvalueHonesty/trustworthinessIndustryuserBrandenthusiastBrandowner9Notes:“When
it
comesto
cryptocurrencies,which
ofthese
aspects
are
mostimportant
toyou?”;Multi
Pick;“When
it
comes
tocryptocurrencies,which
ofthe
following
brands
do
youlike?”;Multi
Pick;“When
it
comestocryptocurrencies,which
ofthe
following
brands
have
youpurchased
in
the
past12
months?”;
Multi
Pick;
Base:
n=32,
Polkadot
owners’,n=43,
Polkadotenthusiast,
n=469,
cryptocurrencyownersSources:
Statista
Consumer
Insights
Global,
asofNovember2024Among
Polkadot
fans,
49%
state
that
they
get
excited
about
cryptocurrenciesBrand
profile:
attitudesWhat
doconsumersthink
ofcryptocurrenciesingeneral?58%58%58%56%49%38%35%35%33%31%21%16%Sustainability
is
Ivaluealow
priceimportant
to
me
over
highqualityIamwellinformedIrely
onbrands
Iget
excited
about
IliketotalkaboutIknow
and
trust
cryptocurrencies
topicsrelating
tocryptocurrenciesBrand
enthusiastIndustryuser10
Notes:“Which
ofthese
statements
about
cryptocurrencies
do
youagree
with?”;
Multi
Pick;“When
it
comestocryptocurrencies,
whichofthe
following
brands
do
youlike?”;Multi
Pick;Base:n=43,
Polkadot
enthusiast,
n=469,cryptocurrencyownersSources:
Statista
Consumer
Insights
Global,
asofNovember2024CHAPTER
02Brand
KPIs
&
benchmarkingInthischapter,youcansee
howabrandperforms
againsttheirmaincompetitors
inthe
marketplace.Thissection
allows
benchmarking
ofthekey
performance
indicatorsfrom
the
brandprofile
againsttheindustryasawhole
andotherindustryleaders.1166%
of
Polkadot
owners
display
loyalty
towards
the
brandBrand
KPIs
&benchmarking:
IndustrycomparisonBrand
performanceWhen
itcomes
to
cryptocurrencies,
the
averageawareness
ofabrandinthe
United
Kingdomis27%.Awareness
ofPolkadot,however,
isat17%.Awareness20%
ofUK
cryptocurrency
owners
say
theylikePolkadot,compared
to
anindustryaverage
brandpopularity
of31%.15%
ofindustryowners
inthe
United
Kingdomsaythey
own
Polkadot,with
theaverage
ownership
of
abrandat21%.BuzzPopularity66%
ofbrandowners
saythey
would
purchasethebrandagain,compared
toanaverage
loyalty
score
of69%.Polkadot
hasbeen
noticed
lessinthemedia
comparedtootherbrands,with
a“Buzz”
score
of
15%
comparedto22%.LoyaltyBrandUsageIndustryaverageSooverall,
the
results
showtheir
performance
tobebelow
average
compared
to
theindustry.12
Notes:Cryptocurrencies
‘awareness’,‘popularity’,
‘ownership’,
‘loyalty’
and
‘buzz’
by
brand;
Multi
pick;
Base:n=1,247,
all
respondents
(awareness),n=213,
respondents
who
know
the
individual
brand
(popularity),
n=213,
respondentswho
know
the
individual
brand
(ownership),
n=32,
respondents
who
have
owned
the
individual
brand
(loyalty),
n=213,
respondents
who
know
the
individual
brand
(buzz)Sources:
Statista
Consumer
Insights
Global,
asofNovember2024Polkadot
ranks
outside
the
Top
10
in
awareness
within
the
cryptocurrencymarketBrand
KPIs
&benchmarking:
awarenessSummaryAwarenessofPolkadotRank#
BrandAwareness
%Driving
recognition
will
lead
to
growing
yourcustomerbaseand
measuring
brandawareness
isakeycomponent
toachieve
this.Withthisscore,
you
cangaugethe
current
market
presence
ofabrand,understandthebrand’svisibility,competitiveness,
andrecognition
among
theirtarget
audience.
Further
tothis,itisaperfect
way
toassess
yourcurrentmarketing
strategies.1Bitcoin79%35%35%33%31%28%25%23%23%22%17%2Binance
Coin(BNB)EthereumDogecoinUSDCoinLitecoin345Usingtheconcept
of
aided
brand
recognition,
showingrespondents
both
the
brand’slogo
andthe
writtenbrandname,we
asked:
“Doyou
know
thisbrand,
evenifonly
byname?”.67Tether8TRONOutofallrespondents,
17%
were
aware
of
Polkadot.Thisranksthemoutsidethe
Top
10
compared
tootherbrandssurveyed
inthismarket.83%9Shiba
InuSolanaAwarenessN/A1013
Notes:“Doyouknow
this
brand,
evenif
only
by
name?”;Multi
Pick;
Base:
n=1,247,
all
respondents
(awareness)Sources:
Statista
Consumer
Insights
Global,
asofNovember2024The
popularity
rating
of
Polkadot
is
20%Brand
KPIs
&benchmarking:
popularitySummaryPopularity
ofPolkadotRank#
BrandPopularity%ThepopularityKPIisagreat
indicatorof
brandperception
among
current
andpotentialfuturecustomers.
Thesocial
proof
provided
byahigh
scorecansignifyhow
trustworthy
abrandisandinfluenceconsumer
engagement.
Brandswith
alarge
engagedfollowing
canoften
enjoy
higherlevels
of
advocacyandloyalty.1EthereumBitcoin55%50%38%38%36%36%34%32%29%28%20%23Binance
Coin(BNB)DogecoinLitecoin4Outofconsumers
who
knew
thebrand,
20%
saidtheyliked
Polkadot.
ThisranksthemoutsidetheTop10compared
to
other
brandssurveyed
inthismarket.56Solana7TRON8Tether80%9USDCoinRipple(XRP)PopularityN/A1014
Notes:“When
it
comesto
cryptocurrencies,which
ofthe
following
brands
do
youlike?”;
Multi
Pick;
Base:
n=213,
respondents
who
know
the
individual
brand
(popularity)Sources:
Statista
Consumer
Insights
Global,
asofNovember2024Polkadot
ranks
outside
the
Top
10
in
ownershipBrand
KPIs
&benchmarking:
ownershipSummaryOwnershipofPolkadotRank#
BrandUsage
%35%Afterpopularity,we
want
tocover
thevalueactiongapsotounderstandifthe
brandwas
alsobeing
owned,we
asked
each
respondent:
“When
itcomes
tocryptocurrencies,
which
ofthefollowing
brandsdoyou
own
currently?”.1EthereumBitcoin15%232%3Binance
Coin(BNB)Solana28%Outofconsumers
who
knew
thebrand,
15%
saidtheyowned
Polkadot.
Thisranksthemoutside
the
Top
10compared
to
other
brandssurveyed
inthismarket.426%5Litecoin26%6DogecoinTRON23%722%8Tether21%85%9USDCoinCardano
(ADA)20%UsageN/A1018%15
Notes:“When
it
comesto
cryptocurrencies,which
ofthe
following
brands
do
youown
currently?”;Multi
Pick;Base:
n=213,
respondents
who
know
the
individual
brandSources:
Statista
Consumer
Insights
Global,
asofNovember2024In
terms
of
loyalty,
Polkadot
is
outside
the
Top
10
in
the
United
KingdomBrand
KPIs
&benchmarking:
loyaltySummaryLoyalty
ofPolkadot’s
consumersRank#
BrandLoyalty
%85%Afterascertaining
the
ownership
of
abrandinthe
last12
months,the
next
most
important
indicatorisbrandloyalty.
Thisscore
allows
ustoestablish
whether
abrandisperforming
well
inregard
to
customerretention.
Measuring
brandloyalty
establishes
aclearfeedback
loop
with
customers,
providing
valuableinsightsinto
customer
satisfaction
and
preferences.
Itisalso
apowerful
predictor
to
help
guide
marketingstrategies
andforecast
futuresalesandrevenue
moreaccurately.1Bitcoin2USDCoinEthereumBinance
Coin(BNB)Tether82%34%381%478%577%6Solana71%Tomeasure
the
loyalty
of
theseconsumers
we
askeach
respondent:
“When
itcomes
to
cryptocurrencies,which
of
the
following
brandsareyou
likely
topurchaseagaininthe
future?”.66%TRON70%78Shiba
InuChiliz68%967%Outofrespondents
whohaveowned
Polkadot,66%saidthey
would
purchasethebrandagain.LoyaltyN/A10Dogecoin66%16
Notes:“When
it
comesto
cryptocurrencies,which
ofthe
following
brands
areyoulikely
topurchase
againin
the
future?”;Multi
Pick;Base:n=32,
respondents
who
have
owned
the
individual
brand
(loyalty)Sources:
Statista
Consumer
Insights
Global,
asofNovember2024Polkadot
has
a
score
of
15%
for
media
buzzBrand
KPIs
&benchmarking:
buzzSummaryBuzzofPolkadotRank#
BrandBuzz%42%Isthebrand
hot
or
not?Isitcausingastirinthemediaandonline,tofind
thisoutwe
asked
each
respondent:“Whichof
the
following
brandshaveyounoticed
inthemedia,on
social
media,or
inadvertising
inthepast3months?”.1Bitcoin15%2EthereumBinance
Coin(BNB)Solana33%331%Outofconsumers
who
knew
thebrand,
15%
saidtheyhadheardaboutPolkadot
inthemedia.
ThisranksthemoutsidetheTop10
compared
to
other
brandssurveyed
inthismarket.427%5DogecoinCardano
(ADA)TRON25%622%720%8Chiliz20%85%9Litecoin19%BuzzN/A10Tether19%17
Notes:“Which
ofthe
following
brands
have
younoticed
in
the
media,
onsocial
media,
orin
advertising
in
the
past3months?”;
Multi
Pick;
Base:
n=213,
respondents
who
know
the
individual
brand
(Buzz)Sources:
Statista
Consumer
Insights
Global,
asofNovember2024STATISTACONSUMER
INSIGHTSUnderstand
what
drivesconsumersGainabetterunderstandingofconsumers,brands,andmarkets.Withthe
Statista
Consumer
Insights,
youget
access
tostreamlinedmarketresearchtoolsandallresultsofthe
exclusiveStatista
surveys.
Leverage
consumerinsightstomakedata-drivendecisions
andunlocknewgrowthopportuni
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