Bitcoin Decentralized Finance (Defi), also known as BTCFI, has been touted as the next wave of innovation for the world’s largest cryptocurrency. However, research suggests bitcoin Holders themselves are hardly engaging.
About 77% of Bitcoin holders have never tried a BTCFI platform, according to a survey of more than 700 respondents over North America and Europe at BTC Mining Ecosystem Gomining. Just over 10% reported having experimented once or twice, while only 8% said they are actively using BTCFI services for dividends or lending.
The study highlights a sharp interruption between the sector’s promise and its actual reach.
“There is a huge appetite for these options, but the industry has built products for crypto -natives, not for everyday Bitcoin holders,” said GoMining -Managing Director Mark Zalan in a statement.
This appetite emerges in the data: 73% of respondents expressed interest in earning dividends on their BTC through lending or efforts, while 42% want access to liquidity without selling. Still, hesitation dominates. More than 40% said they would allocate less than 20% of their stocks to BTCFI products, emphasizing the sector’s confidence and complexity problem.
Consciousness gap
Perhaps the most striking thing is how invisible the industry is still. Gomining found that 65% of Bitcoin holders could not name a single BTCFI project.
Despite millions in Venture -Financing, BTCFI platforms appear to speak mainly to themselves rather than the market they are built to earn.
The report claims that BTCFI’s adoption problem may come from its dependence on Ethereum’s defi model. Bitcoin users suggest that Gomining is suggesting is more conservative: they favors custody, regulated ETFs and simplicity of self-defense experiments and complex protocols.
“Bitcoin holders are not ether Users, ”said Zalan.” Coinbase and Bitcoin ETFs succeeded because they prioritized accessibility. BTCFI platforms that focus on education and user experience, rather than complex features, will capture this market. “
For the industry, the study is both a warning and an option. Millions of Bitcoin holders want yield and liquidity BTCFI lifters, but they must be greeted with products they can trust and understand.
However, it should be remembered that the respondents were a “random selection” of only 700 gomining users.
Gomining is a digital BTC mining platform that connects users to the real world mining through digital miners that are not fungal symbols (NFTs) and a gamified ecosystem, so that the study’s findings are subject to the extent to which its users represent typical Bitcoin users.
“Our user base represents the Bitcoin holder universe quite nicely,” a spokesman for GoMining told Coindesk via E -Mail. “More than 80% of our users open their first crypto -tektog with us and enter the Bitcoin ecosystem through our digital mining product.”
