[PRESS RELEASE – Chicago, Illinois, February 25th, 2025]
Highly effective momentum continues after a record-breaking testnet part, 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, as we speak introduced that it’s going to launch its mainnet on March 12, 2025.
Key Details
- 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 will probably 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 Whole 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 significant 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 area.
Via 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 widespread BTC and ETH tokens;
- borrow, and swap tokens; and
- create artificial property.
Specifically, Hemi’s DeFi ecosystem has a robust give attention to offering liquidity and yield alternatives for lots 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 staff 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 observe document, they’re uniquely positioned to ship.”
A Layer-2 from a Totally different Level of View
Makes an attempt to combine and scale Bitcoin and Ethereum have tended to handle the issue inside their respective communities, leading to a fractured ecosystem. Hemi as a substitute approaches Bitcoin and Ethereum as parts 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 embrace:
- 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 improvement instruments.
- Bitcoin Programmability — Constructing with the Hemi Bitcoin Package (hBK) offers 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 very trustless, safe, and environment friendly approach.
- Superfinality — Via its PoP consensus protocol, Hemi inherits Bitcoin’s full safety in a very decentralized and permissionless method, exceeding Bitcoin-level finality (“superfinality”) in only a few hours.
- Trustless Cross-Chain Portability — With Tunnels, Hemi gives a Bitcoin-secured methodology for shifting property between Bitcoin and Ethereum.
- Asset Programmability — Hemi’s further asset-programmability options embrace on-chain routing, time-lock, and password-protect. Gasless switch permits asset motion with out requiring a web3 pockets.
“The Hemi staff could be described in a single phrase: formidable. All the things 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 a substitute of approaching Bitcoin and Ethereum as siloed ecosystems, Hemi views them as parts 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 giant.
Customers can study extra at https://hemi.xyz/.
- Weblog: https://hemi.xyz/weblog/
- GitHub: https://github.com/HemiLabs
- Docs: https://docs.hemi.xyz
- Discord: https://discord.gg/hemixyz
- YouTube: https://www.youtube.com/@HemiLabs/
- Twitter/X: https://x.com/hemi_xyz
- Telegram (Information): https://t.me/hemi_news
- Telegram (Neighborhood): https://t.me/hemi_community
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