Press Release
Chicago, Illinois, February 25th, 2025, Chainwire
Powerful momentum continues after a record-breaking testnet phase, more than $300 million in total value locked (TVL), and dozens of ecosystem launch partners.
Key Facts
- Launching its mainnet on March 12, Hemi is a modular blockchain network designed for superior scaling, security, and interoperability, unifying Bitcoin and Ethereum as a single supernetwork.
- Over fifty protocols will be deployed on Hemi, including decentralized exchanges (e.g., Sushi, DODO, Izumi), lending protocols (e.g., LayerBank, ZeroLend), vaults (e.g., Nucleus, Concrete, VaultCraft), top 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 more than $300 million of Total Value Locked (TVL) and announced a $15 million seed round in September 2024, led by Binance Labs, Breyer Capital, and Big Brain Holdings.
- Hemi was founded by renowned early Bitcoin developer Jeff Garzik and blockchain security pioneer Max Sanchez.
Hemi’s Mainnet Launch
The transition from testnet to mainnet is a major milestone for Hemi, which has already attracted more than $300 million in total value locked (TVL) and rapidly built an ecosystem of dozens of protocols. This positions Hemi as a vital infrastructure layer for decentralized finance across Bitcoin and Ethereum, enabling innovation and scalability across the blockchain space.
Benefits of Hemi’s Mainnet
- Unifying Bitcoin and Ethereum – The Hemi Virtual Machine (hVM) integrates a full Bitcoin node within an Ethereum Virtual Machine (EVM), enabling developers to harness the power of both Bitcoin and Ethereum using familiar and proven development tools.
- Bitcoin Programmability – Building with the Hemi Bitcoin Kit (hBK) provides developers direct access to highly granular views of Bitcoin’s state, unlocking new applications that were previously impractical or impossible to execute in a truly trustless, secure, and efficient way.
- Superfinality – Through its PoP consensus protocol, Hemi inherits Bitcoin’s full security in a truly decentralized and permissionless manner, exceeding Bitcoin-level finality (“superfinality”) in just a few hours.
- Trustless Cross-Chain Portability – With Tunnels, Hemi offers a Bitcoin-secured method for moving assets between Bitcoin and Ethereum.
- Asset Programmability – Hemi’s additional asset-programmability features include on-chain routing, time-lock, and password-protect. Gasless transfer enables asset movement without requiring a web3 wallet.
Conclusion
Hemi’s mainnet launch marks a significant milestone in the development of a unified blockchain network. With its modular architecture, Hemi is poised to revolutionize the way we use blockchain technology, enabling the creation of new applications, services, and use cases that were previously unimaginable.
Frequently Asked Questions
Q: What is Hemi?
A: Hemi is a modular blockchain network designed for superior scaling, security, and interoperability, unifying Bitcoin and Ethereum as a single supernetwork.
Q: What are the key features of Hemi?
A: Hemi’s key features include its ability to integrate a full Bitcoin node within an Ethereum Virtual Machine (EVM), enabling developers to harness the power of both Bitcoin and Ethereum using familiar and proven development tools.
Q: What is the current status of Hemi’s mainnet launch?
A: Hemi’s mainnet launch is scheduled for March 12, 2025.
