Hemi Labs Launches Its Mainnet, Targeting to Become One of the Most Comprehensive Bitcoin DeFi Ecosystems

With over $440M in total value locked and 50+ ecosystem launch partners, Hemi is poised to become one of the most comprehensive Bitcoin DeFi ecosystems from Day One.

Key Facts

* Hemi, a modular blockchain network powered by Bitcoin and Ethereum, today announces the launch of its mainnet.

* Hemi has secured over $440M in TVL— with millions more in commitments — while rapidly expanding its ecosystem with dozens of key protocols including DEXs, LSTs/LRTs, and more. This positions Hemi as a vital infrastructure layer for decentralized finance across Bitcoin and Ethereum, enabling innovation and scalability across the blockchain space.

* Additionally, the Hemi Network has secured $271 million in liquidity through its staking protocol, Hemi Stake. The Protocol allows users to earn BTC, ETH, and stablecoins staking rewards without lockup periods or slashing risk.

* Through the protocols offered by Hemi’s early Day One ecosystem collaborators, users will be able to:

* trade cryptocurrencies on a decentralized exchange.

* join a yield aggregator to maximize their cryptocurrency returns.

* stake their cryptocurrencies to earn interest and secure the network.

* In particular, Hemi’s DeFi ecosystem has a strong focus on providing liquidity and yield opportunities for many of the most popular liquid staking tokens (LSTs) and liquid restaking tokens (LRTs) from the Bitcoin and Ethereum ecosystems.

* “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,” said Jeff Garzik, co-founder of Hemi.

* “The Hemi team has a clear and compelling vision for unlocking the programmability, portability, and potential of Web3,” said Ted Breyer, partner at Breyer Capital. “With a distinguished track record, they are uniquely positioned to deliver.”

A Layer-2 from a Different Point of ViewAttempts to integrate and scale Bitcoin and Ethereum have tended to address the problem within their respective communities, resulting in a fractured ecosystem. Hemi instead approaches Bitcoin and Ethereum as components of a larger supernetwork. This surfaces the key capabilities of both networks and, in turn, enables a new class of previously unattainable blockchain applications.

Hemi’s benefits include:

* Superior scalability: Enables high throughput and low latency for a smooth user experience.

* Optimal security: Leverages the collective security of Bitcoin and Ethereum, rendering the network extremely resistant to attack.

* Seamless interoperability: Facilitates communication and interaction between Bitcoin and Ethereum chains, and ultimately other blockchains.

* Modular and open architecture: Empowers developers to build and deploy a wide range of decentralized applications.

* "The Hemi team can be described in one word: ambitious. Everything we learned during our testnet has been embedded into the mainnet launch and we are excited for our users and developers to build and use applications across Bitcoin and Ethereum," said co-founder and CTO Max Sanchez.

To Learn MoreAbout Hemi Labs

Hemi Labs is the creator of the Hemi Network (“Hemi”), a modular Layer-2 network for superior scaling, security, and interoperability, powered by Bitcoin and Ethereum. Instead of approaching Bitcoin and Ethereum as siloed ecosystems, Hemi views them as components of a single supernetwork, unlocking new levels of programmability, portability, and potential. Hemi Labs envisions a new, converged Internet ecosystem that is secure, interoperable, and ready for the many challenges of a Web3 that is imminently colliding with the Internet at-large. Learn more at https://hemi.xyz/.