Bitcoin layer-2s face a bear-market reality check
AI Summary
The shutdown of Botanix has sparked a critical debate among Bitcoin developers about the true demand for programmable BTC versus more traditional financial activities like lending and earning yield. As Bitcoin layer-2 solutions struggle during the bear market, it highlights a potential mismatch between technological innovation and market interest. This situation could reshape the future of Bitcoin's ecosystem, as investors and developers reconsider their strategies in light of these financial realities.
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