Botanix has officially launched its mainnet on July 1, 2025, positioning itself as the first fully decentralized, Ethereum Virtual Machine (EVM)-equivalent Layer 2 solution built on Bitcoin.

With Bitcoin currently representing 62% of the crypto market's value, Botanix aims to enhance decentralized finance (DeFi) applications and increase Bitcoin's utility beyond simple transactions.

The Botanix platform integrates key aspects of Ethereum's design while utilizing Bitcoin as the primary asset for trading, lending, borrowing, and staking.

The network focuses on enhancing DeFi access with applications like GMX and Dolomite, alongside the introduction of the sBTC yield-bearing token.

A founding federation of 16 independent node operators, including notable companies like Galaxy Digital and Fireblocks, governs the network, ensuring decentralization and security.

This governance model prevents any single entity from controlling the network, which is crucial for maintaining its decentralized nature.

Transaction times on Botanix have dramatically improved, now averaging just five seconds with fees around $0.02, significantly enhancing user experience.

Since its testnet launch in December 2024, Botanix has successfully processed over 26 million transactions, indicating strong user engagement and system reliability.

To promote user engagement, the launch campaign 'Bitcoin 2100' offers prizes up to 0.5 BTC, valued at approximately $54,000.

The campaign also features a browser-based game called 'Bitcoin 2100,' which educates players on Bitcoin's programmability while allowing them to earn small amounts of Bitcoin.

Botanix employs a unique Spiderchain peg system, allowing users to withdraw directly back to Bitcoin, addressing risks associated with wrapped Bitcoin models.

CEO Willem Schroé has emphasized the importance of self-custody and decentralized finance, highlighting the risks associated with centralized platforms.