Cryptocurrencies
Botanix Spiderchain Shutdown: An Indicator of Bitcoin DeFi Demand
Botanix, a Bitcoin Layer-2 network aiming to enable DeFi functionalities, will cease operations in July 2026. The decision stems from insufficient demand for native Bitcoin DeFi solutions, rendering the Spiderchain project economically unviable after four years of development. Users must withdraw their funds by July 9, 2026.
Carlos "Emérito" López Lovera
