Hemi Unifies Bitcoin and Ethereum: Mainnet Launch Unlocks Supernetwork Potential

Hemi, a modular blockchain network powered by Bitcoin and Ethereum, has announced the launch of its mainnet on March 12. The network, founded by renowned early Bitcoin developer Jeff Garzik and blockchain security pioneer Max Sanchez, aims to unify Bitcoin and Ethereum as a single supernetwork, facilitating superior scaling, security, and interoperability.

The Hemi ecosystem has gained significant interest since its inception, with a Total Value Locked (TVL) of over $300 million. The network secured about $15 million during a seed round in September 2024, led by industry leaders such as Binance Labs, Breyer Capital, and Big Brain Holdings.

Jeff Garzik, co-founder of Hemi, commented on the upcoming mainnet launch, stating, "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."

Upon launch, Hemi will rapidly build an ecosystem of dozens of protocols, with over 50 protocols expected to be deployed. These protocols include decentralized exchanges, lending protocols, vaults, top LSTs and LRTs, oracles, and key dApps. The network promises to unify Bitcoin and Ethereum via the Hemi Virtual Machine (hVM), allowing developers to harness the power of both blockchains using familiar and proven development tools.

Other key benefits of the Hemi network include Bitcoin programmability, superfinality, trustless cross-chain portability, and asset programmability. With its reputable foothold in the industry, Hemi positions itself as a vital infrastructure layer for decentralized finance across Bitcoin and Ethereum, enabling innovation and scalability across the blockchain space.