DeFi’s Struggle to Gain Traction Among Bitcoin Holders

The decentralized finance (DeFi) sector is facing a significant challenge: failing to attract a large portion of Bitcoin holders. Despite the potential for increased financial innovation and accessibility, only 8% of Bitcoin users are currently engaging with BTCFi projects, like lending or yield generation platforms. This indicates a widening gap between the potential benefits of DeFi and actual usage by Bitcoin holders, according to a recent survey by GoMining, a digital mining platform.