
Botanix Plans Closure of Bitcoin Layer-2 Network Due to Insufficient Demand in DeFi Sector
Botanix Labs has announced the closure of its Bitcoin-based layer-2 network due to insufficient demand in the DeFi sector, underscoring a critical reality: not all crypto innovations guarantee success. Despite initial support from major Bitcoin influencers and an $8.5 million seed funding, the project failed to attract enough users or generate sustainable fees, revealing a preference for more established, albeit centralized, blockchain practices.











