"Hemi Unites Bitcoin and Ethereum in Supernetwork Launch"

Hemi, a modular blockchain network powered by Bitcoin and Ethereum, is set to launch its mainnet on March 12, 2025. This significant milestone unites the two ecosystems into a single supernetwork, aiming to provide superior scaling, security, and interoperability.

Hemi's mainnet launch follows a successful testnet phase, during which it attracted over $300 million in total value locked (TVL) and secured partnerships with dozens of ecosystem launch partners. The network is designed to support a wide range of protocols, including decentralized exchanges, lending platforms, vaults, liquid staking tokens (LSTs) and liquid restaking tokens (LRTs), oracles, and key dApps.

Founded by renowned early Bitcoin developer Jeff Garzik and blockchain security pioneer Max Sanchez, Hemi has already raised $15 million in a seed round led by Binance Labs, Breyer Capital, and Big Brain Holdings. The transition from testnet to mainnet positions Hemi as a vital infrastructure layer for decentralized finance across Bitcoin and Ethereum, enabling innovation and scalability across the blockchain space.

Through Hemi's early Day One ecosystem collaborators, users will be able to build applications that are both Bitcoin- and Ethereum-aware, participate in lending and DEX liquidity provision, trade perpetuals, stake and restake popular BTC and ETH tokens, borrow and swap tokens, and create synthetic assets. The network's DeFi ecosystem has a strong focus on providing liquidity and yield opportunities for many of the most popular LSTs and 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. Ted Breyer, partner at Breyer Capital, added, “The Hemi team has a clear and compelling vision for unlocking the programmability, portability, and potential of Web3. With a distinguished track record, they are uniquely positioned to deliver.”

Hemi's approach to integrating and scaling Bitcoin and Ethereum differs from previous attempts, which often addressed the problem within their respective communities. Instead, Hemi views Bitcoin and Ethereum as components of a larger supernetwork, surfacing their key capabilities and enabling a new class of previously