Today's internet-dependent humans used essential apps and web pages in their daily routine in a way that revolves around their needs, designed specifically to cater to those needs. However, we understand how this works. If we are to create KITE AI, we first need an intelligent internet with faster computation times and lower transaction fees. We envision KITE as an AI blockchain with an independent environment designed to support AI agents.
Based on a Layer 1 blockchain, KITE AI is a blockchain with its own native blockchain. Like Ethereum, KITE AI is built on an Ethereum Virtual Machine (EVM) compatible platform, a traditional blockchain that makes it easy to create smart contract applications and AI agents. Alternatively, we can understand it as a system where AI models, data providers, and agent developers work together to create a trustworthy environment that fosters collaboration between data, models, and agents, focusing on transparency in value attribution and payments. This will encourage the growth of the service economy.
In the future, KITE AI will not just be a chatbot or an assistant, but an independent agent that will provide services, security, and conduct transactions seamlessly and without interruption.
Today's internet-dependent human uses essential apps and web pages in their daily routine in a way that revolves around their needs, designed specifically to cater to those needs. However, we understand how this works. If we are to create KITE AI, we first need an intelligent internet with faster computation times and lower transaction fees. We envision KITE as an AI blockchain with an independent environment designed to support AI agents.
Based on a Layer 1 blockchain, KITE AI is a blockchain with its own native blockchain. Like Ethereum, KITE AI is built on an Ethereum Virtual Machine (EVM) compatible platform, a traditional blockchain that makes it easy to create smart contract applications and AI agents. Alternatively, we can understand it as a system where AI models, data providers, and agent developers work together to create a trustworthy environment that fosters collaboration between data, models, and agents, focusing on transparency in value attribution and payments. This will encourage the growth of the service economy.
In the future, KITE AI will not just be a chatbot or an assistant, but an independent agent that will provide services, security, and conduct transactions seamlessly and without interruption. @KITE AI $KITE #KITE
Lorenzo Protocol's native token is BANK, which is used for governance, revenue, and utilizing the protocol's ecosystem. Lorenzo Protocol has created a platform that aims to bring the liquidity of Bitcoin and other coins into decentralized finance. This means that in addition to simply holding Bitcoin and other coins, we can use them for financial products, staking, yield generation, etc. We can understand this as earning income (yield) by staking and restaking Bitcoin and other coins, which maintains the liquidity of Bitcoin and other coins without requiring them to be held idle.
Decentralized Finance (DeFi), which is based on blockchain, provides users with direct access to services such as lending, borrowing, trading, and insurance. All of this is automated through smart contracts, providing transparency and global accessibility. For example, instead of using a traditional bank, we can directly borrow crypto on the blockchain. Lorenzo Protocol provides holders with liquidity staking tokens and structured yield tokens in exchange for staking, such as stBTC and enzoBTC, which can be used in decentralized finance applications, turning held BTC into a yield-generating asset. In this model, the tokens are divided into two parts: the principal, which includes stBTC/enzoBTC, and the yield, which is represented by yield-accruing tokens (YATs) or other yield-bearing representations.
Asset management, or on-chain asset management, is the management of financial assets directly on the blockchain. This process involves automating transactions, custody services, and portfolio rebalancing using smart contracts, while also maintaining an immutable record of every activity. Lorenzo is a blockchain-based asset management system where your investments and trading are handled by automated contracts. The infrastructure layer created by Lorenzo, which we call the Financial Abstraction Layer (FAL), transforms real-world assets into tokenized “On-Chain Traded Funds (OTFs)”. Through OTFs, traditional financial/CeFi-style products are brought into the DeFi space.
To make its ecosystem consumer-friendly, Lorenzo has forged several partnerships, allowing both small and large BTC holders to stake their BTC and receive liquid staking tokens (stBTC). This means that BTC can now be used as a yield-generating and liquidity-providing asset, rather than simply being held. Through a partnership with Babylon, Lorenzo has created its own Bitcoin liquid restaking platform. The Lorenzo protocol has also partnered with Bitlayer to integrate into Bitlayer's DeFi ecosystem, enabling Bitlayer users to utilize stBTC with DeFi yield, liquidity, and other features.
The Lorenzo protocol is a Bitcoin liquid staking and yield infrastructure whose greatest strength is its cross-chain or multi-chain expansion. Lorenzo is not limited to a single blockchain; it operates across multiple blockchains, Layer 2 solutions, and DeFi ecosystems. This allows BTC to be easily moved from one blockchain to another, enabling users to access yield, staking, lending, and other services with the same token. The protocol's goal is to bring Bitcoin into the entire DeFi ecosystem by making its BTC staking token multi-chain. $BANK
@KITE AI #KITE Today, it is being observed that human needs are rapidly changing. While humans used to perform all their tasks themselves, regardless of the time it took or the type of work, today humans have come to understand the importance of their time. Therefore, they are innovating in technology to make the most of their time. The biggest invention by humans to date is AI (Artificial Intelligence), which has brought a new revolution in the field of technology.
Humans do not trust anyone easily because they want their work done quickly and without hassle. They do not want to be bothered with payments every five minutes. They simply want to avoid repeated hassles regarding payments, and to ensure that payments for the services they use are settled quickly and that they can ensure that their data is secure. AI agents can perform such tasks very easily. Agents require such a blockchain. They value an environment where there is no discrimination and equal treatment, and no one considers them outsiders. This is what KITE's AI agents are called.
KITE is an Ethereum Virtual Machine-compatible Layer 1 platform specifically designed for independent or autonomous agents to move stablecoins, which indicate who owns them and whose rules they will follow. This is KITE's native token, through which KITE connects to true governance and security.
KITE AI payment agents are much faster than other blockchains because they understand that without speed, it is difficult to survive in this market. Delays can lead to the failure of agents. This is why it takes milliseconds for a chain transaction to settle. This is due to the blockchain verifying transactions, processing messages before confirmation, and parallel execution.
For example, if there are stock trading agents or crypto trading agents, both capture a move and rent a stablecoin or share. But then trade, repay the loan, earn profit and settle the transaction in milliseconds, this is the specialty of KITE Artificial Intelligent Agents.
Kite has created a system that, considering the security of your account, runs on hardware keys and multisignature technology. From here, you can obtain an agent identity, each with its own crypto proof, which lets you know what they can do for you. Each agent has a different job, and each job is secured by different keys and multisignature technology. If there is a possibility of future loss, it stops immediately, minimizing any potential damage. If we feel there is a security problem with the agents, we can reset them, which also erases our data, thus keeping our security and multisignature keys safe. The governance program helps us in this regard. We can set limits on how much we want to spend daily. Additionally, if there seems to be a problem, we can send the profits to an automatic wallet. This is why it works differently from other chain agents, operating according to the rules we have established.
Kite boosts the ecosystem and creates an environment where the chances of agents being created increase. For example, we can understand that staking coins provides rewards in liquidity, and it also creates a market where services can be offered and purchased. Furthermore, Kite emerges as a strong link in the stablecoin ecosystem. When we transfer stablecoins, we receive a portion of the transaction fee. This secures the network through staking, and simultaneously, governance begins, which establishes rules for fees and assets. The revenue generated from buying and burning Kite is used to maintain its market value and make Kite more valuable.
Many types of chain agents exist in the market, but each chain has some problems. This is where Kite, with its model, delivers accurate results. So far, we have found it secure in handling real money, and it also provides fast results, which is a good sign for the future of Kite AI agent payments. $KITE
@Injective #injective The Injective Protocol is a Layer 1 blockchain that was launched in 2018 by Injective Labs. However, with its launch on Mainnet in 2021, it became clear that it is not a typical blockchain, but rather a complete ecosystem where we can see services, decentralized applications, models, innovations, and more. In 2023, Injective released a $150 million fund to facilitate interoperability of tokens across different chains through interoperability and infrastructure. "Interoperability refers to the standards, protocols, technologies, and mechanisms that allow data to flow between different systems with minimal human intervention. This allows different systems to communicate with each other and share information in real time." "Decentralized Finance (DeFi), which before 2023, had a staking number of 6,584, which After 2023, the number of staking has increased to 149,440, which shows that people are increasingly trusting the network. We can understand it like this: "It is an emerging financial system that enables direct transactions between individuals and businesses using blockchain and cryptocurrency. DeFi aims to reduce costs and speed up processes.
Real-world assets refer to the real economy, which are physical or traditional financial assets represented as digital tokens on the blockchain. For example, a real estate asset can be tokenized, allowing people to buy and sell small portions of it. This includes various types of assets such as stablecoins, treasury bills, funds, bonds, etc.
Injective has designed the format of real-world assets to be suitable for tokenization, starting with the 2024 network upgrade. 1. Blockchain - Blockchain is a decentralized digital ledger in which transactions are stored in secure digital records called 'blocks,' which are linked to each other in a chain. This technology stores data securely and transparently because it is distributed across multiple computers and does not require a central authority. For example, Bitcoin and other cryptocurrencies are created using blockchain technology. are used. 2. DeFi - Decentralized Finance. It is a financial system that allows people to conduct financial transactions directly with each other using blockchain technology and cryptocurrencies, without intermediaries like banks. 3. Traditional Finance - Traditional finance, often referred to as TradFi, encompasses all aspects of the traditional financial system, such as banking, the stock market, the bond market, venture capital, and hedge funds.
These three points of real-world assets together form a bridge that clearly proves that the Injective Protocol does not work like other blockchains. It is adapting its ecosystem to suit the needs of the people to maintain trust in the Injective Protocol. $INJ
A burn auction means permanently removing tokens from circulation, meaning they are sent to an address where no one can access or use them. Removing them from circulation is easy because they contain no private keys. This process is irreversible and transparent, allowing you to see how many tokens have been burned.
Injective's ecosystem differs from other blockchains in that it employs a burn auction model that collects fees from its ecosystem and then uses this fee to purchase and burn a portion of the INJ through weekly auctions. The supply decline is gradual, making it easy to see without affecting the coin's value. This clearly demonstrates that Injective's burn auctions build trust in the coin.
Since Injective upgraded its ecosystem, it has Deflation is affecting the rate. We can understand this this way: if the number of tokens in the market is low, the value of the token will increase rapidly, which will manipulate the market. Therefore, it won't take long for Injective to become a deflationary asset because Injective is different from other blockchains, the impact of which we will see in the crypto world.
Injective uses a system to control both coin minting and burning, which determines how many new tokens it can issue and how many tokens it can burn, thus establishing coordination between the two. Injective adjusts the supply based on the value of staking.
In short, we understand that the burn auction process is expanding its ecosystem, which will strengthen Injective's credibility in the market.
With the release of Plasma's MAINNET BETA and XPL token on September 25, 2025, it was announced that a new era is about to begin in the market, emphasizing zero transaction fees, time savings, network security, and staking, which will influence users in a way that encourages them to trust it.
Plasma/XPL targets countries/regions with unstable local currencies, such as developing nations where banking systems are expensive and slow. The goal is to expand its ecosystem and serve as a bridge to real-world finance.
We can understand this as the goal of creating a user-friendly financial infrastructure that serves as a bridge, making network security, transactions, savings, and payments easy and affordable for users.
Plasma/XPL, with its distinct identity, will continue to expand its network to compete directly with already established blockchains (ETH, TRON, etc.), thereby attracting investors. Maintaining Trust
In short, Plasma/XPL is expanding a network that allows for large and small transactions to be easily sent to any location in the world, anytime, with just a single click, using Stablecoin (USDT), just like we use email and WhatsApp, which are sent from one place to another in just a few miniseconds or seconds, saving time and maintaining trust.
On-chain asset management based on DeFi, built on the BNB chain, is both fast and inexpensive.
Lorenzo Protocol's key strength is that it enables future cryptocurrencies to earn yield while ensuring user security.
Lorenzo Protocol's entire ecosystem is based on the Bank, which provides financial strength. Lorenzo Protocol is the Bank's native governance and utility token.
The Bank offers several features tailored to its users, including earning yield through BTC and other cryptos, and providing periodic rewards to its users. $BANK #lorenzoprotocol @Lorenzo Protocol $BTC
Solana is a fast and inexpensive blockchain that is considered to have a strong future due to new updates and institutional adoption.
Major updates can be made easily on Solana, and this also saves time, resulting in faster speeds over time. As you can imagine, this will make a significant difference: payments, DeFi, trading, and real-time apps will be faster.
Solana is trusted by major companies like banks, gaming, and NFTs because fast settlement and low fees make it perfect for real-world finance. Furthermore, things like CBDCs and tokenized bonds are becoming possible on Solana.
Solana is the second largest name after ETH. Therefore, it has focused on ZK (Zero Knowledge) and privacy features, which will lead to more privacy changes for institutions and the creation of many advanced apps.
Solana may face several challenges in the future, including the risk of delays in major upgrades, competition from other chains (Ethereum L2, Avalanche, Sui, Aptos), occasional network outages, regulatory risks, etc. If Solana succeeds in tokenization + gaming + DeFi, it could become the world's largest smart contract ecosystem. $SOL #solana
A fast, interoperable, and fully decentralized blockchain for DeFi (Decentralized Finance).
Injective uses Tendermint PoS, built on the Cosmos SDK—allowing fast block times and virtually zero fees. Perpetual futures, spot trading, prediction markets, synthetic assets, lending/borrowing, and AI + DeFi applications are all available. The Injective protocol works with multiple chains: as you can see, Ethereum, Cosmos, Solana, BSC, Polkadot, and IBC networks are all available.
Injective is highly MEV-resistant (protects against front-running), making trading more fair. It utilizes a very high speed (1 second block time), and has near-zero gas fees, making it suitable for high-frequency trading and the ability to create markets.
The INJ token is the network's native token. It is used for various purposes, such as governance, where INJ holders vote on protocol updates, market parameters, and the listing of new markets. Staking INJ earns a share of block rewards and fees. Trading fees are collected in INJ, and a portion is burned.
The Injective ecosystem is growing rapidly, with many major DeFi + AI projects operating on it, such as Helix (spot + perpetual DEX), DojoSwap (cross-chain DEX), Frameless AI Apps, Synthetic Forex/Stocks, Prediction Markets, Cosmos IBC Integration, etc.
To put it simply, INJ is a deflationary and high-speed DeFi blockchain token that powers trading, derivatives, governance, and staking.
When new people hear the name Altcoin, they think it's all the same coin, while the meaning of Altcoin is that all cryptocurrencies other than Bitcoin are called Altcoins. For example, Ethereum, Solana, XRP, Cardano, Avalanche, etc.
Altcoins include smart-contract platforms, exchange tokens, DeFi tokens, AI protocols, Layer-1 and Layer-2 scaling solutions, payment networks, and even small experimental projects.
In cryptocurrencies, it has been observed that Bitcoin has controlled this entire market, while altcoins manage both risk and profit equally.
In altcoins, it has been observed that while it often delivers better results than Bitcoin, it sometimes fails to deliver market-specific results and falls.
In altcoins, it has been observed that it either passes or fails over time. Altcoins generally work like Bitcoin, but Bitcoin runs the entire chain, and the market moves according to Bitcoin.
Altcoins can play a new role in the market as opponents, which is why the market is expanding very rapidly and changing very rapidly, forcing investors to see where they need to invest.
In the coming times, it is possible to make Altcoin your separate identity in which there is no share of Bitcoin.
Plasma (XPL) is an AI+ blockchain token that aims to make data processing, AI computing, and Web3 dApps faster, cheaper, and scalable. However, to some, Plasma seems like a blazing-fast engine that gives AI apps lightning speed.
The XPL (PLASMA) token can be used for gas fees, staking, AI computing access, and governance. Just as you might think, you have a small power core that you can plug in anywhere, and your AI engine will instantly accelerate. This is the role XPL plays in its ecosystem. @Plasma #Plasma $XPL $BNB
Linea is a zkEVM Layer-2 blockchain that runs on Ethereum. Its goal is to make Ethereum faster, cheaper, and developer-friendly. However, Linea has not yet officially launched its native token, but future LINEA TOKEN discussions are a priority.
If you issue a Linea token, Linea network transaction fees can be paid with the token.
The token can be staked to improve the network and increase its security. Token holders can also have a say in Linea ecosystem decisions.
The Linea token can be used to support builders, users, and the ecosystem. @Linea.eth #Linea $LINEA $ETH
Morpho improves capital efficiency in DeFi lending markets.
Normally, on Aave or Compound, lenders earn interest and borrowers pay interest — but there’s a “spread” (difference) between the two.
Morpho matches lenders and borrowers directly, giving both sides better rates while still keeping funds secure in the underlying protocol.
⚙️ How It Works
Peer-to-peer matching layer: Optimizes rates between users.Underlying protocol fallback: If a match isn’t found, funds remain in Aave or Compound, ensuring safety. Smart contracts: Automate matching and interest adjustment transparently.💠 MORPHO Token Utility Governance: Token holders vote on upgrades, parameters, and ecosystem decisions.2. Incentives: Rewards for participation, liquidity, and governance actions. 3. Protocol Alignment Ensures community-driven development and sustainable economics.
🏗️ Ecosystem
Built by Morpho Labs, a France-based DeFi team.Backed by top crypto investors like a16z, Variant, and Coinbase Ventures.Integrates with Aave v3, Compound v3, and expanding to other protocols.
* Meaning: The word "Deepawali" or "Deepavali" comes from the Sanskrit words Dīpa (light/lamp) and Āvali (a row, line, or series), thus literally meaning "a row of lights." It is popularly known as the Festival of Lights.
* Significance: It symbolizes the spiritual victory of light over darkness, good over evil, and knowledge over ignorance.
* Main Day's Focus: The main day is typically celebrated with the worship of Goddess Lakshmi (goddess of wealth and prosperity) and Lord Ganesha (god of wisdom and the remover of obstacles).
* Legends: While celebrated by various faiths (including Hindus, Jains, and Sikhs), key Hindu legends associated with it include:
The return of Lord Rama to his kingdom Ayodhya after defeating the demon king Ravana and completing his 14 years of exile.
The defeat of the demon Narakasura by Lord Krishna.
The emergence of Goddess Lakshmi from the Samudra Manthan (churning of the cosmic ocean).
Traditions: The five-day festival is marked by:
Lighting of clay lamps (diyas), candles, and electric lights.
Cleaning and decorating homes, often with colorful floor designs called rangoli.
Wearing new clothes.
Exchanging sweets, gifts, and greeting family and friends. Setting off fireworks (though these are often regulated now).
When is it? It is celebrated every autumn, on the darkest night of the Hindu lunisolar month of Kartika (the new moon day, or Amavasya).
* Meaning: The word "Deepawali" or "Deepavali" comes from the Sanskrit words Dīpa (light/lamp) and Āvali (a row, line, or series), thus literally meaning "a row of lights." It is popularly known as the Festival of Lights.
* Significance: It symbolizes the spiritual victory of light over darkness, good over evil, and knowledge over ignorance.
* Main Day's Focus: The main day is typically celebrated with the worship of Goddess Lakshmi (goddess of wealth and prosperity) and Lord Ganesha (god of wisdom and the remover of obstacles).
* Legends: While celebrated by various faiths (including Hindus, Jains, and Sikhs), key Hindu legends associated with it include:
The return of Lord Rama to his kingdom Ayodhya after defeating the demon king Ravana and completing his 14 years of exile.
The defeat of the demon Narakasura by Lord Krishna.
The emergence of Goddess Lakshmi from the Samudra Manthan (churning of the cosmic ocean).
Traditions: The five-day festival is marked by:
Lighting of clay lamps (diyas), candles, and electric lights.
Cleaning and decorating homes, often with colorful floor designs called rangoli.
Wearing new clothes.
Exchanging sweets, gifts, and greeting family and friends. Setting off fireworks (though these are often regulated now).
When is it? It is celebrated every autumn, on the darkest night of the Hindu lunisolar month of Kartika (the new moon day, or Amavasya).
Region: Celebrated all over India Date: Amavasya (New Moon) of Kartik month (October–November)
✨ Short Story:
Symbolizes the victory of light over darkness and good over evil.
Marks Lord Rama’s return to Ayodhya after defeating Ravana.
Also honors Goddess Lakshmi, the goddess of wealth and prosperity.
🙏 Main Rituals:
Lighting diyas (lamps) and candles to welcome Lakshmi.
Performing Lakshmi–Ganesha Puja at night.
Decorating homes with rangoli, flowers, and lights.
Enjoying fireworks, sweets, and family gatherings.
🌸 Symbolism:
Light drives away darkness — representing hope, purity, and success.
🕯️ Kali Puja — Worship of the Fierce Goddess Kali
Region: Mainly in West Bengal, Odisha, Assam, and eastern India Date: Same night as Diwali (Kartik Amavasya)
✨ Main Significance:
Worship of Goddess Kali, who symbolizes power (Shakti) and destruction of evil.
Commemorates Kali’s triumph over demons like Shumbha and Nishumbha.
🙏 Main Rituals:
Night-long Kali Puja in beautifully decorated pandals or homes.
Offerings of flowers, sweets, rice, and sometimes symbolic sacrifices.
Chanting of mantras and recitation of scriptures like Chandi Path.
Lighting of lamps and candles to dispel negativity and ignorance.
🌸 Symbolism:
Kali represents divine feminine energy that destroys darkness, ego, and evil to bring transformation and renewal.
🌟 In Essence:
Aspect Diwali Kali Puja
Main Deity Goddess Lakshmi & Lord Rama Goddess Kali Focus Prosperity, happiness, and light Strength, protection, and destruction of evil Major Regions All over India West Bengal, Odisha, Assam Mood Joyful, bright, family celebration Devotional, powerful, spiritual worship Common Symbol Light over darkness Power over evil
✨ Together, Diwali and Kali Puja reflect two sides of the same truth — Light and Power, Peace and Strength, Lakshmi and Kali — all leading to the triumph of good over evil and divine over demonic.
All India Festival :-
🕊️ 1. Bandi Chhor Divas
When: Same day as Diwali Celebrated by: Sikhs worldwide
✨ Meaning: Commemorates Guru Hargobind Ji’s release from Gwalior Fort, along with 52 kings, symbolizing freedom and compassion. 🏰 Traditions: Gurudwaras are illuminated, kirtans (devotional songs) are sung, and people celebrate with lights and community meals (langar).
🪶 2. Mahavira Nirvana Diwas
When: Same day as Diwali Celebrated by: Jains
✨ Meaning: Marks the nirvana (liberation) of Lord Mahavira, the 24th Tirthankara. 🙏 Traditions: Prayers, meditation, reading of Jain scriptures, and acts of charity. 🌼 Temples and homes are lit with diyas to honor Mahavira’s spiritual light.
🌾 3. Balipratipada (Bali Padyami)
When: The day after Diwali Celebrated in: South India (especially Karnataka, Kerala, and Maharashtra)
✨ Meaning: Honors King Bali, a righteous ruler who visits Earth once a year after being sent to the underworld by Lord Vishnu (in Vamana avatar). 🎉 Traditions: Offerings of food, lamps, and songs welcoming King Bali’s return.
💰 4. Marwari & Gujarati New Year
When: The day after Diwali (Pratipada / Govardhan Puja day) Celebrated in: Rajasthan and Gujarat
✨ Meaning: Marks the start of the new year according to the Vikram Samvat calendar. 🌸 Traditions:
Businessmen open new account books (Chopda Pujan)
Families visit temples and exchange sweets
Wishes of “Saal Mubarak” (Happy New Year) are shared
🌟 In essence:
> The Diwali period unites India in spirit — Hindus light lamps for Rama and Lakshmi, Bengalis worship fierce Kali, Sikhs honor freedom, Jains celebrate spiritual liberation, South Indians welcome King Bali, and Gujaratis & Marwaris begin a new year of prosperity.
Hemi is a modular Layer-2 protocol / “supernetwork” that aims to bring together the security of Bitcoin with the programmability of Ethereum. It allows developers to build dApps that directly interact with Bitcoin state (transactions, UTXOs, headers) through a system that also supports Ethereum-style smart contracts & tooling.
Some of its key components:
1. hVM (Hemi Virtual Machine) – an EVM-compatible environment that embeds a full Bitcoin node, so smart contracts can access Bitcoin data directly. 2. Proof-of-Proof (PoP) consensus – this anchors the state of Hemi onto Bitcoin's blockchain, giving Hemi high security & finality by piggybacking on Bitcoin’s PoW security. 3. Tunnels / cross-chain bridges – to move assets between Bitcoin, Ethereum, and Hemi in a secure and trust-minimized way.
🧑💼 Team & Investors
Co-founders include Jeff Garzik (former Bitcoin core developer), Maxwell Sanchez (inventor of Proof-of-Proof consensus protocol), and Matthew Roszak (crypto pioneer / investor). Backers / Investors include: YZi Labs (formerly Binance Labs), Breyer Capital, Big Brain Holdings, Republic Digital, HyperChain Capital, Crypto.com, Quantstamp, DNA Fund, and others. Ecosystem partners / supporters: Over 70+ partners, including recognizable names like MetaMask, LayerZero, Sushi, Redstone etc.
⛓ Key Metrics & Status
Total funding: Raised ~$30 million. This includes a growth round of USD 15 million led by YZi Labs, Republic Digital, HyperChain Capital, etc., bringing the project’s cumulative funding to ~$30M. TVL (Total Value Locked): ~$1.2 billion on the network. Users / community: Over 100,000 verified users; community size ~400,000 members. Ecosystem apps: 70+ integrated ecosystem partners / deployed protocols.
💰 Token & Tokenomics
Token name: HEMI Max total supply: 10 billion HEMI tokens. Circulating supply: ~ 977.5 million HEMI at a point in time.
Utility of the token: • Staking & securing the network (validators / PoP miners) • Paying transaction fees (gas) for operations (smart contracts, interaction with Bitcoin data, cross-chain transfers) • Governance: HEMI holders / stakers participate in governance / upgrades etc. • Ecosystem incentives / rewards / grants to developers, community growth.
📅 Launch / Timeline
The testnet was live; mainnet was targeted around Q4 2024. The $HEMI token launch (Token Generation Event, TGE) was announced to be on Binance, with trading on Binance scheduled to go live August 29, 2025.
⚙️ Strengths & Differentiators
Offers deeper integration of Bitcoin into smart contract ecosystems, not just bridging or wrapping, but exposing Bitcoin state in contracts. Enhancing security through anchoring to Bitcoin (PoP) which gives strong finality / resistance to certain types of attacks. EVM compatibility + full developer tooling from Ethereum side may make it easier for developers to build on Hemi. Significant backing & early traction: large TVL, many partners, vibrant community.
⚠️ Risk / What to watch:-
Dilution / unlock schedules: With only ~10% in circulation and large allocations to team / backers / ecosystem, future unlocks could put downward pressure.
Finality delay: Anchoring to Bitcoin gives high security, but also implies some delay (e.g. ~9 Bitcoin blocks as finality after PoP proofs) which may be ~90 minutes. That means some operations are slower to be “irreversible” compared to fast Layer-2s.
Technical complexity: Integrating a full Bitcoin node into an EVM, maintaining state, handling PoW anchoring, cross-chain “tunnels” etc is complex and can introduce vulnerabilities or performance bottlenecks.
Competition: Other projects are trying to do Bitcoin programmability / bridging / cross-chain DeFi. Hemi has to deliver both robustness and developer adoption.
Regulatory / macro crypto risk: Common risks for all new blockchain / token projects. @Hemi #HEMI $HEMI