PANews reported on February 26 that the modular blockchain network Hemi mainnet will be officially launched on March 12, 2025, aiming to achieve deep integration of Bitcoin and Ethereum through the Hemi Virtual Machine (hVM). Currently, Hemi has locked over $300 million in TVL and received $15 million in seed funding from investors such as Binance Labs and Breyer Capital.
The core features of Hemi:
• Embedded Bitcoin node in EVM, enabling Bitcoin smart contract functionality
• Inheriting Bitcoin's security, providing "super-finality" transaction confirmation mechanism
• Trustless cross-chain asset transfer, seamlessly moving assets between Bitcoin and Ethereum through "Tunnels"
• Compatible with Ethereum development tools, supporting DeFi applications such as DEX, lending, LST/LRT staking, and perpetual trading
Hemi was founded by Bitcoin early developer Jeff Garzik and blockchain security expert Max Sanchez, dedicated to building a super network that integrates Bitcoin and Ethereum, providing efficient, secure, and scalable Web3 infrastructure.
Related reading: What are the highlights of the modular L2 Hemi backed by Binance? How to interact with the testnet?
