CryptoCoinDesk3 days ago
Botanix Bitcoin L2 shuts down after a year
1 min read
Bitcoin layer-2 network Botanix is winding down a year after mainnet launch. The project raised $14.4 million but had only $119,500 in total value locked at closure. Botanix stated, "It did not work," citing market conditions and user indifference toward Bitcoin DeFi.
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