Chicago, Illinois, February twenty fifth, 2025, Chainwire
Highly effective momentum continues after a record-breaking testnet section, greater than $300 million in complete worth locked (TVL), and dozens of ecosystem launch companions.
Hemi, a modular blockchain community powered by Bitcoin and Ethereum, at present introduced that it’s going to launch its mainnet on March 12, 2025.
Key Info
Launching its mainnet on March 12, Hemi is a modular blockchain community designed for superior scaling, safety, and interoperability, unifying Bitcoin and Ethereum as a single supernetwork.Over fifty protocols can be deployed on Hemi, together with decentralized exchanges (e.g., Sushi, DODO, Izumi), lending protocols (e.g., LayerBank, ZeroLend), vaults (e.g., Nucleus, Concrete, VaultCraft), high LSTs and LRTs (e.g., Kelp, pumpBTC, StakeStone), oracles (e.g., RedStone, Pyth, Stork), and key dApps (e.g., LayerZero, Pell, BitFi).Hemi has already attracted greater than $300 million of Complete Worth Locked (TVL) and introduced a $15 million seed spherical in September 2024, led by Binance Labs, Breyer Capital, and Massive Mind Holdings.Hemi was based by famend early Bitcoin developer Jeff Garzik and blockchain safety pioneer Max Sanchez.
The transition from testnet to mainnet is a serious milestone for Hemi, which has already attracted greater than $300 million in complete worth locked (TVL) and quickly constructed an ecosystem of dozens of protocols. This positions Hemi as a significant infrastructure layer for decentralized finance throughout Bitcoin and Ethereum, enabling innovation and scalability throughout the blockchain house.
By the protocols supplied by Hemi’s early Day One ecosystem collaborators, customers will be capable to:
construct purposes which are each Bitcoin- and Ethereum-aware;take part in lending and DEX liquidity provision, or allocate funds into specialised vault merchandise;commerce perpetuals;stake and restake fashionable BTC and ETH tokens;borrow, and swap tokens; andcreate artificial property.
Specifically, Hemi’s DeFi ecosystem has a robust concentrate on offering liquidity and yield alternatives for most of the hottest liquid staking tokens (LSTs) and liquid restaking tokens (LRTs) from the Bitcoin and Ethereum ecosystems.
“Simply over six months after introducing our incentivized testnet, Hemi has demonstrated its resilience and functionality as a strong community for advancing blockchain purposes throughout Bitcoin and Ethereum,” mentioned Jeff Garzik, co-founder of Hemi.
“The Hemi workforce has a transparent and compelling imaginative and prescient for unlocking the programmability, portability, and potential of Web3,” mentioned Ted Breyer, associate at Breyer Capital. “With a distinguished monitor document, they’re uniquely positioned to ship.”
A Layer-2 from a Completely different Level of View
Makes an attempt to combine and scale Bitcoin and Ethereum have tended to deal with the issue inside their respective communities, leading to a fractured ecosystem. Hemi as an alternative approaches Bitcoin and Ethereum as elements of a bigger supernetwork. This surfaces the important thing capabilities of each networks and, in flip, permits a brand new class of beforehand unattainable blockchain purposes.
Hemi’s advantages embody:
Unifying Bitcoin and Ethereum — The Hemi Digital Machine (hVM) integrates a full Bitcoin node inside an Ethereum Digital Machine (EVM), enabling builders to harness the ability of each Bitcoin and Ethereum utilizing acquainted and confirmed growth instruments. Bitcoin Programmability — Constructing with the Hemi Bitcoin Equipment (hBK) gives builders direct entry to extremely granular views of Bitcoin’s state, unlocking new purposes that have been beforehand impractical or not possible to execute in a really trustless, safe, and environment friendly method.Superfinality — By its PoP consensus protocol, Hemi inherits Bitcoin’s full safety in a really decentralized and permissionless method, exceeding Bitcoin-level finality (“superfinality”) in only a few hours.Trustless Cross-Chain Portability — With Tunnels, Hemi provides a Bitcoin-secured methodology for shifting property between Bitcoin and Ethereum.Asset Programmability — Hemi’s further asset-programmability options embody on-chain routing, time-lock, and password-protect. Gasless switch permits asset motion with out requiring a web3 pockets.
“The Hemi workforce will be described in a single phrase: bold. Every part we realized throughout our testnet has been embedded into the mainnet launch and we’re excited for our customers and builders to construct and use purposes throughout Bitcoin and Ethereum,” mentioned co-founder and CTO Max Sanchez.
About Hemi Labs
Hemi Labs is the creator of the Hemi Community (“Hemi”), a modular Layer-2 community for superior scaling, safety, and interoperability, powered by Bitcoin and Ethereum. As an alternative of approaching Bitcoin and Ethereum as siloed ecosystems, Hemi views them as elements of a single supernetwork, unlocking new ranges of programmability, portability, and potential. Hemi Labs envisions a brand new, converged Web ecosystem that’s safe, interoperable, and prepared for the various challenges of a Web3 that’s imminently colliding with the Web at massive.
Customers can be taught extra at https://hemi.xyz/.
Contact
Media RelationsHemi Labs[email protected]
