Hemi Labs, a modular blockchain backed by Binance Labs, has launched its mainnet with $440 million in total value locked (TVL).

Co-founded by early Bitcoin developer Jeff Garzik, Hemi aims to unify Bitcoin and Ethereum into “a single supernetwork,” combining Bitcoin’s security with Ethereum’s programmability.

Hemi Labs, the modular blockchain backed by Binance Labs and co-founded by early Bitcoin developer Jeff Garzik, has launched its mainnet with $440 million in total value locked (TVL). The project, which aims to unify Bitcoin and Ethereum into “a single supernetwork,” has already secured commitments from major protocols to deploy on its network.

Key Takeaways:Hemi Labs' modular blockchain mainnet has launched with $440 million TVL, including $285 million on its staking platform.

The project, which is co-founded by early Bitcoin developer Jeff Garzik, aims to merge Bitcoin and Ethereum into "a single supernetwork."

Hemi has already secured commitments from major protocols, including Sushi, pumpBTC, RedStone, and Pyth, to launch on its network.

Hemi, the modular blockchain co-founded by Jeff Garzik and backed by Binance Labs, has launched its mainnet. The project, which aims to unify Bitcoin and Ethereum into a single supernetwork, had already raised $15 million in a Binance Labs-led funding round last September. Hemi Labs is one of several initiatives working to integrate Bitcoin into DeFi.

While Bitcoin is the largest store of value in crypto and has a robust mining network, it lacks native support for smart contracts and zero-knowledge proofs—both key elements for DeFi applications. To address this, Hemi brings interoperability with Ethereum, which is the dominant DeFi chain.

A growing number of protocols have committed to launching on Hemi, including decentralized exchange (DEX) Sushi, liquid staking token pumpBTC, and oracle providers RedStone and Pyth. These protocols will utilize Hemi’s unique properties, such as its modular design and support for multiple consensus algorithms, to expand their offerings and reach a wider audience.

Hemi is also introducing a novel governance model that leverages a decentralized autonomous organization (DAO) to engage the community in shaping the future of the Hemi ecosystem. This collaborative approach will empower users to participate in critical decisions regarding the network's development and maintenance.

As Hemi continues to grow and evolve, it aims to foster better connectivity between Bitcoin and Ethereum, which could reshape the broader blockchain landscape and unlock new opportunities for DeFi.

With its mainnet now live, Hemi joins the push for greater blockchain interoperability, aiming to bridge the gap between the world’s two largest crypto networks.

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