Merging the powers of the world’s leading and largest blockchains, Bitcoin and Ethereum, @Hemi_xyz is here to unlock the full potential of BTCfi and unite both $BTC and $ETH maxis into one ecosystem.
Have your coffee in hand, or bookmark this for later, because it’s time for another deep dive! 🧵
@Hemi_xyz is a layer 2 network that was founded in 2023 by two blockchain veterans, Jeff Garzik (former Bitcoin core dev) and Max Sanchez (inventor of the Proof-of-Proof consensus mechanism).
Their mission is simple: supercharge Bitcoin DeFi.
In comparison to other Layer 2s, which focus on either just Bitcoin or Ethereum, the Hemi network boasts that they are the first and only protocol to connect $BTC and $ETH at the core with its super-network infrastructure.
How have Hemi brought these two giants together?
The Hemi Virtual Machine (hVM), a full Bitcoin node wrapped inside an Ethereum Virtual Machine (EVM). Together, they form the Hemi network, a fully interoperable ecosystem unlocking new levels of programmability and potential for Bitcoin DeFi and an AI-driven future.
Harnessing the powers of both networks, @Hemi_xyz has Bitcoin-grade security, Ethereum-grade DeFi and a native Hemi Building Kit (hBK) for developers to build next-level dApps powered by native $BTC.
Hemi stands at the core of both Bitcoin and Ethereum, and creates a harmonious connection, unlocking seamless asset transfers between networks, yield opportunities, and so much more.
Home to a powerful BTCfi ecosystem, Hemi has over 90 integrated and natively built protocols. From go-to liquidity protocols such as @StargateFinance to leading DEXs like @Uniswap, Hemi has everything a $BTC or $ETH maxi would ever need.
When it comes to the stats, the figures speak for themselves. In such a short time, Hemi has amassed over $1.2B in TVL, over 570K users and facilitated 7.3M+ Bitcoin-secured transactions! BTCfi is brewing up, and it’s all happening on Hemi…
Very recently, $HEMI was placed into the hands of many loyal and early network users via an airdrop, and since its launch, $HEMI has performed considerably well. $HEMI is the native token of the ecosystem that is currently only a governance token, with future plans to become a gas token!
At the time of writing, the $HEMI token is trading at $0.091 with a market cap of $89.04M. Not long ago, $HEMI achieved an ATH of $0.1926, and is currently down due to market conditions. Despite the rough market, $HEMI is still up 493% from its ATL, and could very well surge once again, and break its previous ATH…
Hemi X - @hemi_xyz
That's it for now, thanks for reading!
I hope you guys enjoyed it and learned something!
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#NFA #DYOR
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