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via CoinDesk · By CoinDesk Staff

Botanix bet big on 'Bitcoin DeFi.' Its shutdown suggests users never cared

BTC

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$62,641.68

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(24s)

24h Volume

$19,193,368,158.21

24h H/L

$64,646.75 / $62,272.07

Change: $2,374.68 (3.81%)

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Long: 66.1%Short: 33.9%

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Shorts pay

Data provided by COINOTAG DATALive data

Bitcoin

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Volume (24h): -

Resistance Levels

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Resistance 2$64,767.31

Resistance 1$62,933.94

Price$62,827.59

Support 1$61,775.53

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Support 3$52,679.32

Pivot (PP):$62,774.93

Trend:Downtrend

RSI (14):34.6

CoinDesk Staff

(12:00 PM UTC)

1 min read

Reviewed byJames Mitchell

1300 views

0 comments

A 'Bitcoin DeFi' project just shut down with a brutal post-mortem: Users just didn't care

"It did not work," Botanix said. "At lest not in this market and not in this timeline."

Bitcoin layer-2 network Botanix is being wound down a year after its mainnet went live.

The project cited market conditions and broader indifference within the cryptocurrency industry towards establishing greater utility…

COINOTAG does not provide financial advisory services. This content is for informational purposes only and should not be considered investment advice. Cryptocurrency investments involve high risk.

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CoinDesk Staff · CoinDesk

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