Bitcoin layer-2s face a bear-market reality check
CoinDesk·
60-second summary
Botanix's shutdown is raising questions about the demand for programmable Bitcoin, with investors wondering if the market truly wants advanced features or just improved lending and borrowing capabilities. This uncertainty is forcing Bitcoin builders to reassess their strategies, potentially leading to a shift in focus from complex layer-2 solutions to more practical applications.
Botanix's shutdown has raised an uncomfortable question for Bitcoin builders: Does the market actually want programmable BTC, or just a better way to borrow, lend and earn yield on it?