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 Hemi Virtual Machine (hVM). Currently, Hemi has locked in more than $300 million in TVL and received $15 million in seed round financing support from investment institutions such as Binance Labs and Breyer Capital .
Hemi's core features:
• EVM has a built-in Bitcoin node to implement Bitcoin smart contract functions
• Inherits Bitcoin security and provides a “super-final” transaction confirmation mechanism
• Trustless cross-chain asset transfer, seamlessly move assets between Bitcoin and Ethereum through "Tunnels"
• Compatible with Ethereum development tools, supporting various DeFi applications such as DEX, lending, LST/LRT staking, perpetual trading, etc.
Hemi was founded by Jeff Garzik, an early Bitcoin developer, and Max Sanchez, a blockchain security expert. It is committed 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 led by Binance? How to interact with the test network?
