CryptoCointelegraphabout 4 hours ago
Does Botanix's failure prove Bitcoiners don't care about DeFi?
1 min read
Botanix, a Bitcoin layer-2 scaling platform, shut down after four years due to lack of demand despite 25 million transactions and 200,000 wallets. Bitcoin DeFi holds only $4.12 billion TVL against Bitcoin's $1.2 trillion market cap, suggesting Bitcoiners prefer holding BTC over active DeFi use.
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