Chicago, Illinois, February 25, 2025, ChainWire
After a record-breaking testnet phase, strong momentum continues, with over $300 million in total value locks (TVL), and dozens of ecosystem launch partners.
Hemi, a modular blockchain network powered by Bitcoin and Ethereum, announced today that it will launch its mainnet on March 12th, 2025.
Important facts
When launching the mainnet on March 12th, HEMI is a modular blockchain network designed for superior scaling, security and interoperability, consolidating Bitcoin and Ethereum as a single supernet. Masu. Distributed exchanges (sushi, dodomi, etc.), lending protocols (such as layer banks, zero-rends, etc.), vaults (such as nuclei, concrete, vault craft), top LST and LRTs (such as LRTS (ex.) The protocol is deployed on HEMI: kelp, pumpbtc, stakestone), oracles (e.g., redstone, pis, stork), and keydups (e.g., layerzero, pearl, bitfi). Hemi has already attracted more than $300 million total value lock (TVL) and in September 2024 announced a $15 million seed round led by Binance Labs, Breyer Capital and Big Brain Holdings. Hemi was founded by famous early Bitcoin developer Jeff Gargic and blockchain security pioneer Max Sanchez.
The transition from testnet to mainnet is a major milestone for Hemi, already attracting over $300 million total value locks (TVLs), rapidly building an ecosystem of dozens of protocols. This positions Hemi as a key infrastructure layer for decentralized finance across Bitcoin and Ethereum, enabling innovation and scalability across the blockchain space.
Through protocols provided by Hemi’s early day ecosystem collaborators, users can:
Build both Bitcoin and Ethereum-enabled applications. Participate in lending and DEX liquidity provisions or allocate funds to specialized vault products. Trade Permanent; Batch popular BTC and ETKENS for a break. Borrow and exchange tokens. Create a synthetic asset.
In particular, Hemi’s Defi Ecosystem focuses on providing liquidity and yield opportunities for the most popular liquid staking tokens (LST) and liquid redevelopment tokens (LRTs) from the Bitcoin and Ethereum ecosystems. I’ve put it there.
“Just six months after introducing our incentived testnet, Hemi has demonstrated resilience and capabilities as a powerful network to advance blockchain applications across Bitcoin and Ethereum.”
“The HEMI team has a clear and compelling vision to unlock the programmability, portability and possibilities of Web3,” said Ted Breyer, partner at Breyer Capital. “With a renowned track record, they are uniquely positioned to offer.”
Layer 2 from another perspective
Attempts to integrate and expand Bitcoin and Ethereum tend to address issues within each community, destroying ecosystems. Instead, Hemi approaches Bitcoin and Ethereum as components of the larger supernetwork. This emerging key features of both networks enables new classes of new classes that cannot be achieved previously.
The advantages of Hemi are:
Unified Bitcoin and Ethereum – HEMI Virtual Machine (HVM) integrates full Bitcoin nodes within Ethereum Virtual Machine (EVM) and uses familiar and proven development tools to make both Bitcoin and Ethereum. Let it utilize your power. Bitcoin Programmerity – When built using the HEMI BITCOIN Kit (HBK), developers provide direct access to a sophisticated, fine-grained view of the state of Bitcoin, and new applications that were previously impractical or impossible has been unlocked. Superfinality – Through the Pop Consensus Protocol, Hemi inherits the full security of Bitcoin in just a few hours, in a truly decentralized and permitted way I will. Using Tunnels, using unreliable cross-chain portability, Hemi provides a way in which Bitcoin is placed to move assets between Bitcoin and Ethereum. Asset Programmerity – HEMI’s additional asset programmability features include on-chain routing, time locking, and password protection. Gasless transfer allows assets to move without the need for a Web3 wallet.
“The HEMI team can be explained in a word: ambitious. Everything we learned during the testnet is built into the mainnet release, allowing users and developers to build applications across Bitcoin and Ethereum. and I’m excited to use it.”
About Hemilab
HEMI LABS is the creator of HEMI Network (“HEMI”), a modular layer 2 network for excellent scaling, security and interoperability with Bitcoin and Ethereum. Instead of approaching Bitcoin and Ethereum as siloed ecosystems, Hemi considers them as components of a single supernetwork, unlocking new levels of programmatic, portability, and potential. Hemi Labs envisions a new converged internet ecosystem that is secure, interoperable and ready to meet the many challenges of Web3 that are soon colliding with the entire Internet.
Users can find more details at https://hemi.xyz/.
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