Bitcoin L2 Botanix Shuts Down Amid Weak DeFi Adoption
Timothy Morano Jun 10, 2026 11:09 Botanix, a Bitcoin scaling network, is closing operations by July 9, citing poor demand for Bitcoin-native DeFi. Withdraw assets now. Bitcoin Layer-2 protocol Botanix is shutting down, citing a failure to achieve sustainable product-market fit despite its technological advancements. The team has set a July 9 deadline for users...
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