Botanix Pulls Plug on Bitcoin L2 After 4 Years as Fee Income Falls Short
Key Takeaways Bitcoin L2 network Botanix is winding down all operations after a 4-year effort to build on the blockchain. The team notes the crypto market favors centralized venues like Hyperliquid over decentralized L2 structures. Users must withdraw bitcoin and other digital assets from the Spiderchain network before July 9, 2026. The Playbook Botanix Refused…
