On July 10, the Bitcoin Raiden Network station initiated by Nubit completed the T pre-reservation phase, with total deposit reservation amount exceeding 900 million USD, approximately 1.5 times the Pump fundraising target.

The Bitcoin Raiden Network power station is used to maintain the security of the mainnet and provide mainnet yield distribution to holding institutions and qualified users. As of today, the reservation phase of the power station has completely ended. Multiple institutions, family offices, and investment firms have participated in deposit reservations by paying with BTC, USD1, and BRC-20, Runes, and other Taproot inscription assets. This is the first time that Bitcoin's native assets have been widely used in scenarios involving mainnet infrastructure participation.
The second phase of the power station will open within this week. Qualified institutions and users can deposit BTC or USD1 to activate the power station using tsUSD limits and maximize the mainnet returns.
The Bitcoin Raiden Network is led by early Bitcoin core developers and the Nubit team. As the only protocol currently supporting native acceleration and stablecoin settlement on the Bitcoin mainnet, it has processed over 4 million on-chain transactions and surpassed 267,000 independent users in just two months since its launch. Previously, the Trump family crypto project WLFI integrated its stablecoin USD1 into the Raiden Network, becoming one of the first native settlement assets.
According to previous news on April 15, HSBC disclosed that the Bitcoin Raiden Network has introduced UTXO Bundling and OP_CAT instructions through a soft fork on the mainnet, supporting native asset issuance and high-frequency trading verification, with on-chain processing efficiency improved by 1000–2000 times compared to the Bitcoin main chain.