Hemi Labs Launches Mainnet with $440 Million TVL, Unifying Bitcoin and Ethereum

Edited by: Yuliya Shumai

Hemi Labs launched its mainnet, featuring $440 million in total value locked (TVL). Founded by early Bitcoin developer Jeff Garzik, Hemi aims to merge Bitcoin's security with Ethereum's programmability into a single supernetwork. The project, which raised $15 million in a Binance Labs-led funding round last September, seeks to transform DeFi by combining the strengths of both blockchains. Hemi has already partnered with protocols like Sushi, pumpBTC, RedStone, and Pyth for deployment.

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