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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 not achieve economic sustainability.
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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.
