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via Cointelegraph · By Cointelegraph Staff
Botanix Shuts Down as Bitcoin Defi Demand Falls Short
BTC
BTC/USDT
$63,053.27
-0.03%
$63,053.27
-0.03%
(24s)24h Volume
$2,467,706,812.03
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
CS
Cointelegraph Staff(11:45 AM UTC)
1 min read
Botanix, a Bitcoin scaling network that set out to bring “real utility” to BTC without token incentives, is winding down after four years in operation.
In a Tuesday post on X, Botanix told users to withdraw all Bitcoin and other assets by July 9, after which remaining assets will be swept and “be unrecoverable.”
The decision comes despite integrations with major crypto infrastructure providers…
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