DeFiBearishcrypto.news · 4h ago7/10
💎
Botanix shuts down Bitcoin Layer 2 after four-year push into Bitcoin DeFi
Botanix Labs is shutting down its Bitcoin Layer 2 network after four years of development, citing insufficient user demand to sustain operations economically despite processing 25 million transactions and serving 200,000 wallets during its year-long mainnet. The closure highlights the challenges Bitcoin DeFi projects face in achieving product-market fit and sustainable economics on the world's largest blockchain.
$BTC