"Hemi Unites Bitcoin and Ethereum in Supernetwork Launch"

Coin WorldTuesday, Feb 25, 2025 11:39 am ET

1min read

Hemi, a modular blockchain network powered by Bitcoin and Ethereum, is set to launch its mainnet on March 12, 2025. This significant milestone unites the Bitcoin and Ethereum ecosystems into a single supernetwork, offering superior scaling, security, and interoperability.

Hemi's mainnet launch follows a successful testnet phase, during which the network attracted over $300 million in total value locked (TVL) and secured partnerships with dozens of ecosystem launch partners. The mainnet launch will see the deployment of over fifty protocols, including decentralized exchanges, lending protocols, vaults, liquid staking tokens (LSTs) and liquid restaking tokens (LRTs), oracles, and key dApps.

Hemi's co-founders, renowned early Bitcoin developer Jeff Garzik and blockchain security pioneer Max Sanchez, have led the project since its inception. The team has raised $15 million in a seed round led by Binance Labs, Breyer Capital, and Big Brain Holdings, demonstrating strong investor confidence in Hemi's vision.

Hemi's mainnet launch positions it as a vital infrastructure layer for decentralized finance across Bitcoin and Ethereum. The network enables innovation and scalability across the blockchain space, allowing users to build applications that are both Bitcoin- and Ethereum-aware, participate in lending and DEX liquidity provision, trade perpetuals, stake and restake popular BTC and ETH tokens, borrow and swap tokens, and create synthetic assets.

Hemi's DeFi ecosystem has a strong focus on providing liquidity and yield opportunities for popular LSTs and LRTs from the Bitcoin and Ethereum ecosystems. The network's unique approach to integrating Bitcoin and Ethereum as components of a larger supernetwork enables a new class of previously unattainable blockchain applications.

Key benefits of Hemi include unifying Bitcoin and Ethereum through the Hemi Virtual Machine (hVM), Bitcoin programmability via the Hemi Bitcoin Kit (hBK), superfinality through its PoP consensus protocol, trustless cross-chain portability with Tunnels, and additional asset-programmability features such as on-chain routing, time-lock, password-protect, and gasless transfer.

Hemi Labs, the creator of the Hemi Network, envisions a new, converged Internet ecosystem that is secure, interoperable, and ready for the

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