Does Botanix’s failure prove Bitcoiners don’t care about DeFi?

60-second summary

Botanix's failure indicates that Bitcoiners still prioritize Ethereum DeFi over Bitcoin L2s, with 90% of Bitcoiners using Ethereum-based DeFi platforms. To change this, Bitcoin L2s must improve scalability, user experience, and security, offering competitive yields and lower fees, and fostering a more robust developer ecosystem to attract and retain users, ultimately increasing adoption and market share.