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Botanix Will Shut Down Bitcoin Layer-2 Network in July, Citing Lack of DeFi Demand

Decrypt · Jun 10, 2026, 6:11 PM · Also reported by 1 other source

Botanix asked users to withdraw funds, disclosing plans to wind down its Bitcoin-based layer-2 network in July.

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CoinDesk A 'Bitcoin DeFi' project just shut down with a brutal post-mortem: Users just didn't care

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Botanix Will Shut Down Bitcoin Layer-2 Network in July, Citing Lack of DeFi Demand

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