Botanix shuts down Bitcoin Layer 2 after four-year push into Bitcoin DeFi
Botanix Labs is shutting down its Bitcoin Layer 2 network after concluding that user activity could not support the platform’s operating costs.The project reported 25 million transactions, 200,000 wallets, and no security incidents during its year of mainnet operation.Botanix said most Bitcoin users continue to treat BTC as a long-term store of value rather than actively using Bitcoin based DeFi applications.
2026-06-10 10:04:05
