#hemi $HEMI Hemi: A Cross-Chain Layer 2 Network Connecting Bitcoin and Ethereum

Hemi is a modular Layer 2 protocol led by Bitcoin core developer Jeff Garzik, which raised $15 million in funding from Binance Labs and is set to launch its mainnet in March 2025. Its core features are the Hemi Virtual Machine (hVM) and the PoP consensus mechanism, the former allowing EVM smart contracts to connect directly to Bitcoin data, and the latter leveraging Bitcoin's hash rate for high security.

The native token HEMI has a total supply of 10 billion, used for paying gas fees, staking governance, and security incentives, with staked tokens convertible to veHEMI for governance rights. The mainnet launch is expected to attract over $300 million in TVL, integrating with dozens of protocols like Sushi and LayerZero to build a DeFi system that merges two ecosystems through cross-chain technology.