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Bitcoin Layer 2 Botanix to wind down network, urges users to withdraw assets
Botanix to wind down Bitcoin Layer 2 after four years, citing weak fee revenue and urging users to withdraw assets by July 9.
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theblock.co
Bitcoin Layer 2 Botanix to wind down network, urges users to withdraw assets
Botanix to wind down Bitcoin Layer 2 after four years, citing weak fee revenue and urging users to withdraw assets by July 9.
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cryptobriefing.com
Botanix to wind down Bitcoin Layer 2 network, urges asset withdrawal 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.
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cointelegraph.com
Botanix Shuts Down as Bitcoin Defi Demand Falls Short
Bitcoin scaling protocol Botanix is shutting down and has set a July 9 deadline for users to withdraw BTC and other assets before remaining funds are swept.
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coindesk.com
Botanix bet big on 'Bitcoin DeFi.' Its shutdown suggests users never cared
The project cited market conditions and a broader indifference among the cryptocurrency industry to establishing greater utility on the Bitcoin network.
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thedefiant.io
Botanix Shuts Down Bitcoin L2 Spiderchain After Four Years - "The Defiant"
Botanix Labs is shutting down its Spiderchain Bitcoin L2, giving users until July 9 to withdraw. The Polychain-backed network processed 25M transactions and 200K wallets but could…
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decrypt.co
Botanix Will Shut Down Bitcoin Layer-2 Network in July, Citing Lack of DeFi Demand - Decrypt
Botanix asked users to withdraw funds, disclosing plans to wind down its Bitcoin-based layer-2 network in July.
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news.bitcoin.com
Botanix Pulls Plug on Bitcoin L2 After 4 Years as Fee Income Falls Short
Bitcoin layer-two (L2) network Botanix is winding down its operations after four years and has set a hard deadline of July 9, 2026.