{"id":612208,"date":"2026-06-10T12:53:03","date_gmt":"2026-06-10T12:53:03","guid":{"rendered":"https:\/\/e-bitco.in\/index.php\/2026\/06\/10\/botanix-to-shut-down-after-4-years-cites-weak-demand-for-bitcoin-defi\/"},"modified":"2026-06-10T12:53:03","modified_gmt":"2026-06-10T12:53:03","slug":"botanix-to-shut-down-after-4-years-cites-weak-demand-for-bitcoin-defi","status":"publish","type":"post","link":"https:\/\/e-bitco.in\/index.php\/2026\/06\/10\/botanix-to-shut-down-after-4-years-cites-weak-demand-for-bitcoin-defi\/","title":{"rendered":"Botanix to shut down after 4 years, cites weak demand for Bitcoin DeFi"},"content":{"rendered":"

\"Botanix<\/p>\n

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.<\/p>\n

Botanix, a Bitcoin scaling network that set out to bring \u201creal utility\u201d to BTC without token incentives, is winding down after four years in operation.<\/p>\n

In a Tuesday post<\/a> on X, Botanix told users to withdraw all Bitcoin and other assets by July 9, after which remaining assets will be swept and \u201cbe unrecoverable.\u201d<\/p>\n

The decision comes despite integrations with major crypto infrastructure providers, including Chainlink, Fireblocks and Galaxy, and the launch of a consumer-facing Bitcoin neobank app.<\/p>\n

Read more<\/a><\/p>","protected":false},"excerpt":{"rendered":"

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. Botanix, a Bitcoin scaling network that set out to bring \u201creal utility\u201d to BTC without token incentives, is winding down after four years in operation. In a Tuesday post on X, […]<\/p>\n","protected":false},"author":1,"featured_media":612209,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[],"class_list":{"0":"post-612208","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-blockchain"},"_links":{"self":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/posts\/612208","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/comments?post=612208"}],"version-history":[{"count":0,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/posts\/612208\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/media\/612209"}],"wp:attachment":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/media?parent=612208"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/categories?post=612208"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/tags?post=612208"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}