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Bitcoin layer-2s confront harsh reality as Botanix shuts down Spiderchain after just one year

Botanix Labs is shutting down its Spiderchain Bitcoin L2 after one year, citing low demand for Bitcoin DeFi, raising concerns about L2 sustainability in a

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Bitcoin layer-2s confront harsh reality as Botanix shuts down Spiderchain after just one year

Botanix Labs is shutting down its Spiderchain Bitcoin L2 after one year, citing low demand for Bitcoin DeFi, raising concerns about L2 sustainability in a

originale

coindesk.com1 mese fa

Bitcoin (BTC) layer-2s face a bear-market reality check

Botanix's shutdown has raised an uncomfortable question for Bitcoin builders: Does the market actually want programmable BTC, or just a better way to borrow, lend and earn yield on it?

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mercoledì 17 giugno 2026·coindesk.com
Bitcoin (BTC) layer-2s face a bear-market reality check
Botanix's shutdown has raised an uncomfortable question for Bitcoin builders: Does the market actually want programmable BTC, or just a better way to borrow, lend and earn yield…
mercoledì 17 giugno 2026·cryptobriefing.com
Bitcoin layer-2s confront harsh reality as Botanix shuts down Spiderchain after just one year
Botanix Labs is shutting down its Spiderchain Bitcoin L2 after one year, citing low demand for Bitcoin DeFi, raising concerns about L2 sustainability in a