Botanix Labs Secures $11.5 Million Funding to Develop Bitcoin-Native DeFi EcosystemBotanix Labs secures $11.5 million in funding to develop Spiderchain, a Bitcoin-native Layer 2 primitive for global financial systems.
Botanix Labs Launches First EVM-Equivalent Layer 2 Testnet on BitcoinBotanix Labs has launched the first fully decentralized Ethereum Virtual Machine (EVM) equivalent Layer 2 on Bitcoin.The Spiderchain network allows developers to replicate and deploy any EVM smart contract onto the Botanix testnet using Bitcoin.Botanix Labs is now focusing on incubating Bitcoin-enabled DeFi and NFT ecosystem.