CoinWorld News reports that Wu has learned that Botanix, an equivalent EVM Layer 2 network, will officially stop network operations in stages. The Botanix team said that over the past nearly four years (including one year of mainnet operation), it attempted to build a fully decentralized L2 network that relies entirely on the on-chain ecosystem and Bitcoin’s native economic features without using token incentives, points, or airdrops. However, because the current market is more inclined to treat Bitcoin as a reserve asset, and DeFi demand is highly concentrated in more convenient Ethereum general-purpose L2 solutions and centralized liquidity distribution channels, the network’s fee revenue is far from enough to cover the infrastructure costs. The official announcement reminds all users who still hold assets on the Botanix network (including its Bitcoin-based new bank Bink) that they must withdraw their Bitcoin and other assets before July 9, 2026.