Botanix (BTNX)

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Overview

Botanix (ticker: BTNX) is a Bitcoin-focused blockchain that brings full Ethereum Virtual Machine (EVM) compatibility to Bitcoin. Using an architecture called Spiderchain, the Botanix blockchain offers five‑second block times, low fees, and a developer experience that mirrors Ethereum—while keeping value and gas payments Bitcoin‑denominated. In short, Botanix lets users trade, lend, borrow, save, and even pay with Lightning using Bitcoin as the native asset. Many readers track BTNX price for market context, but the real story is how Botanix makes Bitcoin programmable for everyday finance, DeFi, NFTs, and gaming. (help.weex.com)

Why Botanix matters

• Bitcoin as money: Gas fees and staking rewards are paid in BTC on Botanix, so activity stays Bitcoin‑native instead of relying on a separate gas token. (docs.botanixlabs.com)
• Ethereum‑style apps: Developers can deploy Solidity smart contracts and port familiar tools to the Botanix blockchain with minimal changes. (alchemy.com)
• Fast, low‑cost transactions: Five‑second blocks and cents‑level fees enable DeFi, payments, and micro‑use cases that are tough on base Bitcoin. (help.weex.com)

History & Team

Botanix Labs began building Spiderchain in 2022 and launched Botanix mainnet on July 1, 2025. Mainnet arrived with an initial federation of 16 independent node operators and live integrations from major crypto projects. (help.weex.com)

The project was co‑founded by CEO Willem Schroé and COO Alisia Painter. Both are Harvard Business School alumni with backgrounds spanning engineering, strategy, and crypto infrastructure. Schroé is credited as the inventor of Spiderchain, while Painter serves as an industry voice on expanding Bitcoin programmability. (help.weex.com)

Investors include Polychain Capital, Placeholder Capital, Valor Equity Partners, ABCDE, UTXO Management, and a roster of well‑known angels such as Andrew Kang, Dan Held, Dovey Wan, Eric Wall, and others. Botanix has disclosed a combined $11.5M across pre‑seed and seed rounds completed in 2023–2024. (theblock.co)

A key part of Botanix’s early decentralization is its founding federation. Notable operators include Galaxy Digital, Fireblocks, Alchemy, Antpool, XBTO, Kiln, Chorus One, and more, with plans to scale well beyond the initial set. (chainwire.org)

Technology & How It Works

Botanix is an EVM‑equivalent Bitcoin Layer 2 built on Spiderchain. Instead of a single static multisig or a custodial bridge, Spiderchain uses a rotating set of independent “Orchestrator” nodes to secure BTC deposits and produce blocks on Botanix.

Spiderchain basics

• Rotating multisig: BTC bridged to Botanix is held across a large, dynamically rotating multisig. Each transfer requires a supermajority of signatures (e.g., 12‑of‑16), then the signer set rotates again. This limits any single group’s ability to control funds over time. (docs.botanixlabs.com)
• Randomness from Bitcoin: Orchestrator selection uses randomness derived from Bitcoin block hashes, so signer rotation is unbiased and anchored to Bitcoin. (botanixlabs.com)
• Threshold signing: Botanix implements modern threshold‑signature cryptography (e.g., FROST) so no single operator holds a full private key at any time. (botanixlabs.com)

Consensus and execution

On the consensus layer, Botanix uses a Byzantine Fault Tolerant engine (CometBFT) with a fixed validator set—initially the 16 federation members—while the execution layer is fully EVM‑equivalent for Solidity apps. The result is Ethereum‑like development with Bitcoin‑native settlement. (docs.botanixlabs.com)

Gas, bridging, and yield

• Gas in BTC: Users pay gas fees in Bitcoin on Botanix, keeping the economy Bitcoin‑centric. Orchestrators receive rewards in BTC. (docs.botanixlabs.com)
• 1:1 bridging: Peg‑in mints an equivalent tokenized BTC on Botanix (pBTC); peg‑out burns pBTC and releases BTC from the multisig. (docs.botanixlabs.com)
• stBTC yield: With stBTC, 50% of network gas fees are redistributed to stBTC holders, creating a liquid, Bitcoin‑denominated yield that accrues as network usage grows. (botanixlabs.com)

Tokenomics & Utility

When people ask about “Botanix tokenomics” and the “BTNX token,” it helps to know how the Botanix blockchain actually works today.

What exists now

• BTC as the economic unit: Gas and rewards are denominated in Bitcoin; fees follow the familiar gasPrice × gasUsed model from Ethereum. (docs.botanixlabs.com)
• pBTC: A 1:1 representation of bridged BTC on Botanix used across apps. (docs.botanixlabs.com)
• stBTC: A liquid staking token that accumulates a share of network gas fees paid in BTC. As activity increases, stBTC appreciates relative to BTC, enabling “Bitcoin in → more Bitcoin out.” (botanixlabs.com)

Where BTNX fits

Across exchanges and trackers, Botanix is often referenced with the ticker “BTNX.” As of October 2025, Botanix’s core design does not require a separate gas token, and the project has not published a canonical BTNX tokenomics document. If a BTNX token is introduced or expanded for governance or incentives, details would be defined by official Botanix communications. For now, the main economic flows on Botanix revolve around BTC, pBTC, and stBTC. (docs.botanixlabs.com)

Utility highlights

• Payments and DeFi in Bitcoin
• EVM dApps without leaving the BTC standard
• Yield via stBTC tied to real on‑chain usage, not inflationary emissions (botanixlabs.com)

Ecosystem & Use Cases

Botanix launched with a growing ecosystem across DeFi, NFTs, and gaming. On day one, Chainlink’s data and interoperability stack went live, unlocking price feeds and cross‑chain messaging for apps. Major DeFi protocols like GMX and Dolomite announced deployments to bring trading and lending natively to Bitcoin users. (botanixlabs.com)

Botanix DeFi, NFTs, gaming

• DeFi: Trade perpetuals, borrow against BTC, provide liquidity, and earn yield with assets like pBTC and stBTC. GMX’s Botanix deployment centers on self‑custody BTC trading and liquidity, while Dolomite extends money‑market tools to BTC users. (outposts.io)
• NFTs: Because Botanix is EVM‑equivalent, common NFT standards (ERC‑721/1155) work out of the box, and multisig tooling like Safe is supported for team treasuries and creators. (docs.botanixlabs.com)
• Gaming: Botanix’s “Bitcoin 2100” launch experience uses a game‑like world to showcase live apps and onboard users into the Bitcoin economy. (investing.com)

Advantages & Challenges

Advantages

• Bitcoin‑native design: Gas and rewards in BTC keep value aligned with Bitcoin. (docs.botanixlabs.com)
• EVM equivalence: Developers can port apps quickly using familiar tooling and RPCs provided by partners like Alchemy. (alchemy.com)
• Security model: Rotating, large multisigs with threshold signatures plus randomized signer selection raise the bar beyond static federations. (botanixlabs.com)
• Ecosystem momentum: Day‑one Chainlink support, GMX/Dolomite deployments, and a broad federation of industry operators. (botanixlabs.com)

Challenges

• Federated start: At launch, Botanix operates with a 16‑member federation and permissioned peg‑outs while it scales toward broader decentralization and staking. This is an intentional intermediate step on the path to a larger validator set. (docs.botanixlabs.com)
• New network dynamics: Tooling, liquidity, and developer mindshare are still growing compared to mature EVM chains, even though the UX is familiar. (help.weex.com)

Where to Buy & Wallets

Many users search for where to buy BTNX and how to use Botanix assets. Here’s how to get started today, using Bitcoin as the base currency on the Botanix blockchain.

Wallets

• EVM wallets: MetaMask, Rabby, OKX Wallet, and Coinbase Wallet can connect to Botanix. For teams and treasuries, Safe (Gnosis Safe) runs on Botanix for multisig control. (docs.botanixlabs.com)
• Network settings: Chain ID 3637, currency symbol BTC, RPC at rpc.botanixlabs.com, explorer at botanixscan.io. Many dApps add the network automatically. (chainid.network)

Bridging BTC

• Use the official bridge to peg‑in BTC from Bitcoin L1 and receive pBTC on Botanix; peg‑out burns pBTC and releases BTC from the multisig. This maintains a 1:1 relationship between BTC and pBTC. (docs.botanixlabs.com)

Where to buy BTNX

• If a BTNX token is listed by exchanges, you would typically find it either on Botanix‑native DEXs or supported centralized venues. Separately, on‑chain users can acquire pBTC or stBTC directly after bridging BTC to Botanix and then access DeFi apps like GMX or lending markets such as Dolomite. Always verify the network (Botanix) and contract address inside your wallet before swapping. (chainwire.org)

Regulatory & Compliance

Botanix Labs is a U.S.‑based company building open blockchain software. The Botanix network itself is decentralized across a federation of independent operators, with the path to broader participation outlined in public docs and updates. Specific compliance obligations depend on your jurisdiction and the application you use on the Botanix blockchain. (botanixlabs.com)

Botanix halal and BTNX shariah compliant

Community assessments often consider Botanix halal because its core design treats Bitcoin as sound, trustless money and avoids interest‑bearing mechanics at the base protocol. On Botanix, gas is paid in BTC, and stBTC yield is sourced from real network fees rather than debt or inflation, which aligns with principles many scholars cite for permissibility. As such, many view BTNX shariah compliant in spirit; formal rulings can vary by scholar and jurisdiction. (docs.botanixlabs.com)

Botanix regulatory status

• Infrastructure layer: Botanix provides an EVM‑compatible environment where assets like pBTC and stBTC operate with Bitcoin as the unit of account. The federation includes well‑known institutions across multiple jurisdictions, a structure Botanix plans to expand. (docs.botanixlabs.com)
• Application‑level compliance: DeFi protocols (e.g., exchanges, money markets, stablecoins) building on Botanix integrate Chainlink’s data and cross‑chain components, which can support transparent operations that many regulators expect. Project‑specific compliance remains the responsibility of each application. (botanixlabs.com)

Future Outlook

The near‑term roadmap emphasizes expanding the operator set, moving toward permissionless staking, and refining cryptographic safeguards such as threshold signatures and slashing. Botanix has publicly indicated its goal to scale beyond 100 operators, introduce broader staking, and keep consolidating EVM tooling and liquidity around Bitcoin. With day‑one integrations from Chainlink and deployments by GMX and Dolomite, the Botanix blockchain is positioned to attract builders who want Bitcoin’s monetary premium with Ethereum’s developer stack. (help.weex.com)

For users, the most tangible signal will be activity: more apps, more on‑chain fees, and deeper markets. If usage grows, stBTC’s fee‑share model directly ties the network’s vitality to Bitcoin‑denominated yield, creating a simple flywheel: transact in BTC, earn in BTC, build with BTC. (botanixlabs.com)

Summary

Botanix (BTNX) brings Bitcoin into the world of programmable finance without abandoning Bitcoin as money. The Spiderchain design, EVM equivalence, and BTC‑based gas give developers and users a simple promise: keep value in Bitcoin while enjoying fast, low‑cost, Ethereum‑style apps. Today, Botanix tokenomics revolve around BTC, pBTC, and stBTC; if an official BTNX token is introduced for governance or incentives, details would come from Botanix itself. Whether you’re exploring Botanix DeFi, NFTs, or gaming, the network’s five‑second blocks, low fees, and growing ecosystem make it a compelling destination. If you’re watching BTNX price, remember that adoption—bridged BTC, app usage, and fee volume—drives the Botanix economy forward. (help.weex.com)