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Botanix Labs Launches Bitcoin L2 Mainnet with EVM Compatibility for DeFi Expansion

Botanix Labs has officially launched its Bitcoin layer-2 mainnet, enabling Ethereum Virtual Machine (EVM) compatibility and decentralized finance (DeFi) operations on Bitcoin. This breakthrough aims to extend Bitcoin’s utility beyond basic transactions by introducing complex financial functionalities in a native Bitcoin environment.

The new layer-2 blockchain supports trading, lending, borrowing, and staking while operating through a decentralized federation of node operators including Galaxy Digital and Fireblocks. This structure ensures no single entity can control user Bitcoin assets, enhancing security and decentralization.

Botanix’s ‘EVM-equivalent’ architecture permits Ethereum developers to seamlessly port existing decentralized applications (dApps) to Bitcoin without modifications, potentially accelerating Bitcoin-based DeFi adoption. The solution builds upon recent Bitcoin ecosystem innovations such as Ordinals, BRC-20, and Runes protocols, which could unlock significant dormant BTC liquidity.

Complementing the launch, Botanix introduced ‘Bitcoin 2100’ – an educational browser game that demonstrates Bitcoin’s programmability and allows users to earn small amounts of Bitcoin through interactive engagement.

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