Bitcoin Decentralized Finance (DEFI), also known as BTCFI, is that -tout as the next wave of change for the world’s largest cryptocurrency. However, research suggests bitcoin The holders themselves are partially engaged.
Some 77% of Bitcoin holders have never tried a BTCFI platform, according to a survey of more than 700 respondents across North America and Europe of BTC Mining Ecosystem Gomining. Only over 10% have been reported experimenting once or twice, while only 8% say they are actively using BTCFI services for yield or lending.
The survey features a strong connectivity between the promise of the sector and its actual reach.
“There is a huge appetite for these instances, but the industry has built products for crypto natives, not for the sun -held by Bitcoin,” Gomining CEO Mark Zalan said in a statement.
The appetite shows the data: 73% of the respondents expressed an interest in achieving their BTC by lending or staking, while 42% would like access to liquidity without selling. But the doubt is dominant. More than 40% said they would provide less than 20% of their holdings on BTCFI products, emphasizing the confidence and complexity of the sector.
Awareness gap
Perhaps the most noticeable -noticing is how the industry is not visible. Gomining found that 65% of Bitcoin holders could not name a single BTCFI project.
Despite the millions of venture funding, BTCFI platforms appear to speak primarily on their own rather than the market they have built to serve.
The report argued that the BTCFI adoption problem may come from relying on Ethereum’s defi model. Bitcoin users, suggest Gomining, are more conservative: they favor Custodial Services, Regulated ETF and simplicity in experiments with self-cust and complex protocols.
“Bitcoin holders are not Ether Users, “Zalan said.” Coinbase and Bitcoin ETF succeeded because they put access first. BTCFI platforms dedicated to user education and experience, rather than complex features, will gain this market. “
For the industry, the survey is both a warning and an opportunity. Millions of Bitcoin holders want BTCFI’s produce and liquidity promises, but they need to be met with trustworthy products that they can understand and understand.
However, it should be noted that survey respondents are a “random selection” of 700 only guomining users.
Gomining is a Digital BTC mining platform That connects users to real-world mining operations through digital miners who are not tokens (NFT) and a gamified ecosystem, so the findings of the survey are subject to the extent to which its users represent common bitcoin users.
“Our user base represents the universe of bitcoin holders,” a Gomining spokesman CoinDesk said in the email. “More than 80% of our users have opened their first crypto purse to us and enter the bitcoin ecosystem through our digital mining product.”
