Botanix to shut down after 4 years, cites weak demand for Bitcoin DeFi
The Spiderchain developer told users to withdraw assets by July 9 after concluding demand for Bitcoin-native DeFi was not sufficient to support the network.
CoinTelegraph — 10 June 2026
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The Spiderchain developer told users to withdraw assets by July 9 after concluding demand for Bitcoin-native DeFi was not sufficient to support the network.
This report comes from CoinTelegraph. The story centres on Botanix to shut down after 4 years, cites weak demand for Bitcoin DeFi. Full coverage and background context is available at the original source. Readers seeking more detail on this developing topic are encouraged to follow updates from CoinTelegraph and related outlets covering this beat.
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