MarketPR
Botanix, a Bitcoin layer-2 protocol, has failed to gain meaningful traction with Bitcoin holders, lending credibility to a persistent skeptic's thesis: that Bitcoiners, given the choice, will still route their DeFi activity through Ethereum rather than a native Bitcoin L2.
The outcome puts the broader Bitcoin L2 ecosystem on notice.
The Preference Gap Bitcoin Developers Didn't Want to See Botanix's performance suggests the gap between Bitcoin culture and DeFi participation is wider than L2 builders had hoped.
Bitcoin holders — hodlers, in the community's own vocabulary — have historically treated their coins as a store of value, not yield-generating collateral.
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