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

60-second summary

Botanix's failure indicates a preference among Bitcoiners for Ethereum DeFi over Bitcoin L2s, with many choosing to stake their assets on Ethereum rather than utilizing Bitcoin's Layer 2 solutions. This trend suggests that Ethereum's established DeFi ecosystem and liquidity are currently more attractive to Bitcoin holders, who prioritize yield and usability.