▶️ JUST IN: #BITCOIN L2 BOTANIX IS SHUTTING DOWN


Botanix is winding down its #Bitcoin Layer 2 #network and urging users to withdraw assets before July 9. The project said users mostly stored assets long term, limiting transactions and fee revenue. It also cited weak token launches, demand moving to wrapped #Bitcoin on #Ethereum networks, and users choosing CEXs for convenience over decentralization. #CryptoAlert
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