Merlin Chain has launched a Bitcoin staking feature with an initial offering of 50 BTC Vaults, which reached full subscription within 27 minutes of release.
The exceptionally rapid uptake demonstrates significant market demand for Bitcoin-based staking solutions within the cryptocurrency ecosystem. This response highlights growing institutional and retail interest in yield-generating mechanisms for Bitcoin assets.
Following the immediate oversubscription, Merlin Chain confirmed plans to introduce additional vaults to accommodate unmet demand. The development marks a notable advancement in Bitcoin utility beyond traditional holding strategies.