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.
Hemi, a modular blockchain network powered
by Bitcoin and Ethereum, today announced that it will launch its
mainnet on March 12, 2025.
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.
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.
Through the protocols offered by Hemi’s early Day One ecosystem
collaborators, users will be able to:
- build applications that are both
Bitcoin- and Ethereum-aware;
- participate in lending and DEX liquidity provision, or allocate
funds into specialized vault products;
- trade perpetuals;
- stake and restake popular BTC and ETH tokens;
- borrow, and swap tokens; and
- create synthetic assets.
In particular, Hemi’s DeFi ecosystem has a strong focus on
providing liquidity and yield opportunities for many of the most
popular liquid staking tokens (LSTs) and liquid restaking tokens
(LRTs) from the Bitcoin and Ethereum ecosystems.
“Just over six months after introducing our
incentivized testnet, Hemi has demonstrated its resilience and
capability as a powerful network for advancing blockchain
applications across Bitcoin and Ethereum,” said Jeff Garzik,
co-founder of Hemi.
“The Hemi team has a clear and compelling vision for
unlocking the programmability, portability, and potential of Web3,”
said Ted Breyer, partner at Breyer Capital. “With a distinguished
track record, they are uniquely positioned to
deliver.”
A Layer-2 from a Different Point of View
Attempts to integrate and scale Bitcoin and Ethereum have tended
to address the problem within their respective communities,
resulting in a fractured ecosystem. Hemi instead approaches Bitcoin
and Ethereum as components of a larger supernetwork. This surfaces
the key capabilities of both networks and, in turn, enables a new
class of previously unattainable blockchain applications.
Hemi’s benefits include:
-
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.
“The Hemi team can be described in one word: ambitious.
Everything we learned during our testnet has been embedded into the
mainnet release and we are excited for our users and developers to
build and use applications across Bitcoin and Ethereum,” said
co-founder and CTO Max Sanchez.
About Hemi Labs
Hemi Labs is the creator of the Hemi
Network (“Hemi”), a modular Layer-2 network for superior scaling,
security, and interoperability, powered by Bitcoin and Ethereum.
Instead of approaching Bitcoin and Ethereum as siloed ecosystems,
Hemi views them as components of a single supernetwork, unlocking
new levels of programmability, portability, and potential. Hemi
Labs envisions a new, converged Internet ecosystem that is secure,
interoperable, and ready for the many challenges of a Web3 that is
imminently colliding with the Internet at large.
Users can learn more at https://hemi.xyz/.
Contact
Media Relations
Hemi
Labs
media@hemi.xyz
