Hemi, modular blockchain network powered by Bitcoin and Ethereum announces mainnet launch on March 12
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Advertisement     Disclaimer: The below article is sponsored, and the views in it do not represent those of ZyCrypto. Readers should conduct independent research before taking any actions related to the project mentioned in this piece. This article should not be regarded as investment advice. Hemi Network, a modular Layer-2 network powered by Bitcoin and Ethereum, is set to go live after the remarkable success of its testnet phase. The network has announced plans to launch its mainnet on March 12. Founded by renowned early Bitcoin developer Jeff Garzik and blockchain security pioneer Max Sanchez, the network focuses on unifying Bitcoin and Ethereum as a single supernetwork while facilitating superior scaling, security, and interoperability. While its potential mainnet launch marks a notable milestone for the Hemi ecosystem, the network has garnered increasing interest since its iteration, boasting a Total Value Locked (TVL) of over $300 million. Also, the network secured about $15 million during a seed round in September 2024. The seed round was led by Binance Labs, Breyer Capital, and Big Brain Holdings, showcasing its recognition among industry leaders. Advertisement   Jeff Garzik, co-founder of Hemi made remarks on the new milestone, saying; “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.” With its reputable foothold in the industry, Hemi has positioned itself as a vital infrastructure layer for decentralized finance across Bitcoin and Ethereum, enabling innovation and scalability across the blockchain space. Impressively, the network has rapidly built an ecosystem of dozens of protocols, and over 50 protocols will be deployed upon launch. Some of these protocols include decentralized exchanges (e.g., Sushi, DODO, Izumi), lending protocols (e.g., LayerBank, ZeroLend), vaults (e.g., Nucleus, Concrete, VaultCraft), top LSTs and LRTs…
Filed under: News - @ February 26, 2025 3:25 pm