Bitcoin L2 network Botanix announced network closure, users must withdraw all assets before July 9

Odaily Planet Daily News: Bitcoin L2 network Botanix has decided to shut down. Botanix urges community users to withdraw Bitcoin and other assets before July 9, 2026. After July 9, the alliance will sweep the remaining Bitcoin, and any other assets or tokens on the network will be irretrievable.

Botanix revealed that it originally planned to eventually launch a token, but over the past year, the overall performance of token issuance failed to meet the expected results of the model. At the same time, structural and economic factors—including the demand for Bitcoin in DeFi, the consolidation of on-chain economies toward venues with user relationships, and the inability of network fee revenue to cover infrastructure costs—collectively led to the cessation of this experiment.