# Botanix Shuts Down After 4 Years

Page: https://stenobird.com/podcast/bitcoin-crypto-news-today-2-min-news-the-daily-news-now-7492376/botanix-shuts-down-after-4-years
Text version: https://stenobird.com/podcast/bitcoin-crypto-news-today-2-min-news-the-daily-news-now-7492376/botanix-shuts-down-after-4-years.md
Podcast: [Crypto News Today | 2 Min News | The Daily News Now!](https://stenobird.com/podcast/bitcoin-crypto-news-today-2-min-news-the-daily-news-now-7492376)
Published: 2026-06-10T11:52:14+00:00
Episode link: https://api.fastcast.ai/audio/32ec8e66-6499-480d-b3e3-c804bd2720df.mp3
Audio file: https://api.fastcast.ai/audio/32ec8e66-6499-480d-b3e3-c804bd2720df.mp3
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Duration seconds: 92

## Resource

Botanix, the Bitcoin DeFi project backed by Chainlink, is shutting down after four years, urging users to withdraw assets by July ninth — not because the tech failed, but because demand for native Bitcoin DeFi simply wasn’t strong enough to sustain it. Despite launching a Bitcoin neobank app and partnerships with big names, the team found most users still treat Bitcoin as a store of value, not an active on-chain tool. Much of the DeFi activity happens via wrapped Bitcoin on other chains, making Botanix’s model less competitive. The shutdown reflects a broader challenge: infrastructure-heavy Bitcoin projects struggle to monetize in a market dominated by exchanges and traditional finance. Still, projects like Stacks and Rootstock are pushing forward, focusing on applications that truly leverage Bitcoin’s unique architecture — proving the experiment isn’t over, just evolving. Support the show: Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN: advertise@thednn.ai This is an automated, high-level news summary based on public reporting. Report issues to feedback@thednn.ai. View sources & latest updates: https://sources.thednn.ai/dba105d3833afc53

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