MarketPR
Botanix, a Bitcoin Layer 2 project built to bring DeFi functionality to the $BTC network, will cease operations on July 9 after four years of development.
The team announced the closure via X, citing an unsustainable business model and insufficient demand for a Bitcoin-native blockchain solution.
Users with funds on the platform must withdraw before the shutdown date or risk losing access entirely.
Why the Project Couldn't Find Its Footing Botanix operated as a sidechain designed to add smart contract capability to Bitcoin while anchoring security to $BTC's consensus.
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