Bitcoin Layer 2 Botanix to wind down network, urges users to withdraw assets
Hex37's read
- Bitcoin Layer 2 solution Botanix is shutting down.
- The network will close after four years of operation.
- Users must withdraw assets by July 9th.
- Weak fee revenue cited as the reason for closure.
What it means for traders
- Potential short-term selling pressure on BTC as users withdraw from Botanix.
- Investors may re-evaluate the sustainability of smaller Layer 2 solutions.
Affected markets
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