Botanix
Bitcoin L2 with EVM compatibility and a novel Spiderchain architecture for federation rotation.
Spiderchain architecture
- Federation multisig periodically rotates.
- Each "spider" is a federation slice with its own multisig.
- BTC distributed across multiple spiders for redundancy.
- Trust assumption: at least one spider's quorum honest.
EVM
Standard EVM execution. Solidity contracts deployable.
Native token
- stBTC: staked BTC, earns Botanix-native yield.
- BTC bridged 1:1.
Position
Mid-tier Bitcoin L2 in 2025-2026. Smaller TVL than Merlin but distinguishes via Spiderchain design.
Use cases
- EVM DeFi on Bitcoin.
- stBTC yield for staked BTC.
- Cross-bridge ecosystem.
Limitations
- Spiderchain rotation still implies federation trust per rotation cycle.
- Newer ecosystem vs Stacks / RSK.