Report: 32% of users know nothing about DeFi, and less than 30% of users have participated in the mobile mining

Blockbeats, a recent poll by Portfolio data firm Blockfolio shows that despite the rise of decentralized finance (DeFi), people are still uncertain about what it is.

The survey was conducted for its Signal product, which asked users about their involvement with DeFi. The survey received a total of 8,897 votes, of which 32 per cent replied that they did not know what DeFi was or did not participate at all. 39% say they are curious about DeFi and want to know about it. Only 10% of respondents said they make a good profit from liquidity mining, and 19% are new to DeFi but have tried their hand at it.

Developing DeFi is considered one of the most important tasks for the future of the encryption industry. As the DeFi project continues to sprout, one issue facing the market is the need to educate users more about DeFi and how to get involved.

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