Botanix Will Shut Down Bitcoin Layer-2 Network in July, Citing Lack of DeFi Demand – Decrypt
In brief Botanix disclosed plans to wind down its Bitcoin-based layer-2 network, asking users to withdraw funds. The project said it didn’t achieve significant product market fit, while generating lackluster fees. Botanix Labs raised $8.5 million in 2024, a round that saw participation from several Bitcoin influencers. Botanix asked users to withdraw funds on Wednesday,...
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