#botanix labs

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Mentions — Jun 4, 2026 – Jun 10, 2026

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The Defiantbitcoin defi layer 2 mainnet

Botanix Shuts Down Bitcoin L2 Spiderchain After Four Years

Polychain-backed Botanix Labs is winding down its Spiderchain Bitcoin Layer 2 after a year of mainnet operation, citing insufficient demand for Bitcoin-native DeFi. Users have until July 9 to withdraw assets.

Jun 10, 1:21 PM

Crypto Newsmainnet bitcoin defi bitcoin layer 2

Botanix shuts down Bitcoin Layer 2 after four-year push into Bitcoin DeFi

Botanix Labs has announced the shutdown of its Bitcoin Layer 2 network after reporting 25 million transactions and 200,000 wallets during its year-long mainnet operation. The team said user demand was not sufficient to sustain the network economically. In a…

Jun 10, 10:04 AM