Community Articles

via CoinDesk · By CoinDesk Staff

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

BTC

BTC/USDT

$63,053.26

-0.04%

$63,053.26

-0.04%

(24s)

24h Volume

$2,468,190,801.48

24h H/L

$63,175.00 / $62,920.00

Change: $255.00 (0.41%)

Long/Short

67.9%

Long: 67.9%Short: 32.1%

Funding Rate

+0.0025%

Longs pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$63,094.00

▲ 0.01%

Volume (24h): -

Resistance Levels

Resistance 3$66,089.72

Resistance 2$64,322.29

Resistance 1$63,626.50

Price$63,094.00

Support 1$62,999.35

Support 2$61,363.17

Support 3$57,800.19

Pivot (PP):$63,064.66

Trend:Downtrend

RSI (14):43.3

CoinDesk Staff

(12:00 PM UTC)

1 min read

Reviewed byJames Mitchell

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…

Add COINOTAG as a Preferred Source

Add COINOTAG to your preferred sources in Google News and Search to see our coverage first.

Add on Google

Source

CoinDesk Staff · CoinDesk

Read original →

Live BTC price →More BTC news →

Comments