Report: Bitcoin-backed lending holds a trillion-dollar potential market; nearly 90% of Bitcoin holders are willing to borrow but have not yet entered the market.

CoinFeed reported on May 24th that, according to a CoinDesk report, a new report from crypto lending platform Ledn shows that the global Bitcoin collateralized lending market could surge from its current size of approximately $3 billion to $1 trillion over the next decade, representing a huge untapped potential market for the crypto industry. The report cites a Protocol Theory survey of 1,244 crypto asset holders in the US and Australia, stating that approximately 88% of respondents expressed a willingness to use crypto asset-backed loans or credit products, but currently only 14% are actually using them. Ledn summarizes this phenomenon as a "6:1 interest-to-adoption gap." Analysts believe this means that while many cryptocurrency holders want to "hold their coins without selling" to obtain liquidity, the industry's trust infrastructure is still far from mature.