BUSINESSTHE BLOCK
Bitcoin Layer 2 Botanix to wind down network, urges users to withdraw assets
Botanix is shutting down its Bitcoin Layer 2 network after four years due to weak fee revenue and urging users to withdraw assets by July 9.
Related Signal
Adjacent reporting
- Binance winds down centralized NFT service, gives users one month to withdraw assets
- Ethereum Layer 2 Zero Network to wind down, joining string of protocols shuttering operations
- X is shutting down Communities because of low usage and lots of spam
- Legend is shutting down after raising $15M from a16z and Coinbase Ventures
- Syndicate Labs Shuts Down as Crypto Cuts and Closures Mount
- Spirit Airlines preparing to shut down: report