Botanix to wind down Bitcoin Layer 2 after four years, citing weak fee revenue and urging users to withdraw assets by July 9.

Botanix to wind down Bitcoin Layer 2 after four years, citing weak fee revenue and urging users to withdraw assets by July 9.

Botanix Labs is shutting down its Bitcoin Layer 2 network after weak fee revenue and limited DeFi adoption, giving users until July 9 to withdraw assets.