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Botanix Labs has launched the final testnet for its Bitcoin Layer 2 solution, Spiderchain, which is designed to enhance decentralized finance (DeFi) capabilities on the Bitcoin network. The testnet is now live as the company prepares for a mainnet launch scheduled for 2025. The project is supported by the Chainlink standard, which will facilitate verifiable data and cross-chain interoperability within the Spiderchain ecosystem. This development marks a significant step for Botanix Labs in advancing DeFi on Bitcoin, as they transition towards the mainnet phase.
.@BotanixLabs, developer of Spiderchain, which aims to advance the possibilities of DeFi on Bitcoin, has moved to its final testnet phase ahead of a 2025 mainnet debut. By @JamieCrawleyCD https://t.co/zH9fnW4uzi
📰 UPDATE: @BOTANIXLABS LAUNCHES FINAL TESTNET FOR BITCOIN LAYER 2 BEFORE SPIDERCHAIN GOES LIVE IN 2025
We’re excited to see #ChainlinkScale member @BotanixLabs successfully launch its Aragog testnet. The #Chainlink standard for verifiable data and cross-chain interoperability will underpin the Spiderchain Bitcoin L2 ecosystem. https://t.co/Xb2AwQOzJo