BTC L2 SHUTS DOWN, CITES LOW DEMAND FOR BITCOIN DEFI Botanix Labs @botanix is shutting down Spiderchain, its Bitcoin L2, after just a year of mainnet operation. The Polychain-backed project cited insufficient demand for Bitcoin-native DeFi. Users have until July 9 to withdraw. Read more here: https://thedefiant.io/news/blockchains/botanix-shuts-down-bitcoin-l2-spiderchain-after-four-years(The Defiant)