DeFiBearishDecrypt · 3h ago6/10
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Botanix Will Shut Down Bitcoin Layer-2 Network in July, Citing Lack of DeFi Demand
Botanix, a Bitcoin layer-2 network, announced plans to shut down operations in July due to insufficient DeFi demand, instructing users to withdraw their funds. The closure reflects challenges facing Bitcoin-based scaling solutions in competing for liquidity and developers in a crowded layer-2 ecosystem.
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