coin-img-ETHETH-0.23%coin-img-BTCBTC+0.61%coin-img-SOLSOL+0.60%coin-img-USDCUSDC+0.03%coin-img-XRPXRP-1.17%coin-img-TRXTRX-0.40%coin-img-HYPEHYPE-1.17%coin-img-OPNOPN-9.41%coin-img-ETHETH-0.23%coin-img-BTCBTC+0.61%coin-img-SOLSOL+0.60%coin-img-USDCUSDC+0.03%coin-img-XRPXRP-1.17%coin-img-TRXTRX-0.40%coin-img-HYPEHYPE-1.17%coin-img-OPNOPN-9.41%coin-img-ETHETH-0.23%coin-img-BTCBTC+0.61%coin-img-SOLSOL+0.60%coin-img-USDCUSDC+0.03%coin-img-XRPXRP-1.17%coin-img-TRXTRX-0.40%coin-img-HYPEHYPE-1.17%coin-img-OPNOPN-9.41%coin-img-ETHETH-0.23%coin-img-BTCBTC+0.61%coin-img-SOLSOL+0.60%coin-img-USDCUSDC+0.03%coin-img-XRPXRP-1.17%coin-img-TRXTRX-0.40%coin-img-HYPEHYPE-1.17%coin-img-OPNOPN-9.41%
user-avatar
Adewale Olarinde

Botanix to Shut Down Bitcoin L2, Urges Withdrawals Before July 9, 2026

Botanix said it will close its Bitcoin layer-2 network, arguing that current market demand for Bitcoin-native DeFi is not large enough to support a standalone ecosystem. Users are asked to withdraw Bitcoin and other assets before July 9, 2026, when the federation plans to sweep remaining funds. The team said the tech performed as designed, but user preference leaned toward wrapped Bitcoin and larger, cheaper ecosystems.
BTC
BTC+0.76%
ETH
ETH-0.18%
Disclaimer: The content above is only the author's opinion and does not represent BingX’s stance. It shall not be construed as investment advice from BingX. For details, refer to the Terms and Conditions.