#hemi Hemi is a modular second-layer protocol driven by Bitcoin and Ethereum dual-core technology, designed for breakthrough scalability, security reinforcement, and cross-chain interoperability. The core goal is clear: to transform Bitcoin from a single value storage as digital gold into "active capital" that can participate in DeFi and generate income. Its underlying logic merges Bitcoin's security with the flexibility of Ethereum's EVM, without complicating the concepts.

From the data perspective, the progress seems solid: after the mainnet launch in March 2025, the total locked value (TVL) has now exceeded $1.2 billion, with over 90 cooperative protocols in the ecosystem, including familiar projects like Sushi, LayerZero, and Pyth. In the BTCFi field, it is considered a rapidly growing network. After all, it targets the $25 trillion Bitcoin capital market behind it, and if it can promote the synergy of the BTC and ETH ecosystems, there is indeed significant room for growth.

2. Team and Financing

When selecting projects, one looks at the team and financing, and Hemi has no obvious shortcomings in these areas. In terms of the team, co-founder Jeff Garzik is an early core developer of Bitcoin and has participated in the iteration of the BTC underlying protocol, making him very familiar with Bitcoin's technical logic. Another co-founder, Max Sanchez, is the inventor of Hemi's core PoP consensus mechanism.

In terms of financing, the project has raised over $30 million, with investors including YZi Labs (formerly Binance Incubator), Coinbase Ventures, and Breyer Capital, among other leading institutions. Recently, they also completed a $15 million growth round financing before the TGE. The ability to attract these institutions is primarily due to the actual value it provides in solving Bitcoin's programmability issues, rather than relying on hype.