Crypto
Botanix to end Bitcoin layer-2 network, citing limits to revenue generation
Botanix Labs, a developer of a Bitcoin layer-2 network, will end network operations after about four years of development, The Block reported on Tuesday. Botanix cited limited demand for Bitcoin-native decentralised finance as too small to sustain the network’s economics. The project aimed to build a Bitcoin-based application layer without relying on token incentives or inflation, but transaction demand did not cover infrastructure costs.
