Hemi's latest news | Hemi's Bitcoin programmable layer completed a $30 million financing. opening up the Bitcoin and Ethereum ecosystem into a new track | Introduction to Hemi Project | What is Hemi

Hemi is a Bitcoin programmable layer project, completing a $30 million financing (cumulative), led by YZi Labs and others. The core is to integrate Bitcoin security and Ethereum smart contracts through hVM virtual machines to solve the problem of Bitcoin programmability and support DeFi applications. The technology adopts cross-chain tunneling and proof-of-proof consensus, and the team is senior. Market performance: 100,000 users, 400,000 communities, 70+ cooperative projects, TVL1.2 billion. Industry significance: Connecting Bitcoin and Ethereum to promote the transformation of Bitcoin from storage to programmable. Challenges: technology realization, competition, supervision. The token economy includes pre-sales and airdrops, and 80% of the funds ensure liquidity. As a Bitcoin programmable layer development project, Hemi has recently completed a US$30 million financing (cumulative), led by YZi Labs (formerly Binance Labs), and the funds will be used for network development and ecological expansion. Its core positioning is to solve the problem of Bitcoin programmability - without changing the core protocol of Bitcoin, it integrates Bitcoin security and Ethereum smart contract functions through Hemi virtual machine (hVM), opening up new possibilities for the Bitcoin DeFi ecosystem. At the technical level, hVM adopts "tunnel" cross-chain design and proof-of-proof consensus, allowing applications to achieve asset earning, borrowing and other operations on the Bitcoin network, while reusing EVM ecological tools to retain Bitcoin security while improving programmability. The team is led by industry veterans such as early Bitcoin core developer Jeff Garzik and consensus protocol inventor Maxwell Sanchez, and has solid technical foundation and resource integration capabilities. In terms of market performance, although Hemi's main network has not been fully launched, it has accumulated more than 100,000 verified users and 400,000 community members, and has reached cooperation with more than 70 projects such as Sushi and LayerZero. Currently, TVL has reached US$1.2 billion, and the early market confidence is sufficient. In terms of industry trends, Bitcoin institutions have deepened penetration (59% of institutions have allocated more than 10% of assets), but programmability shortcomings limit their value release; the Ethereum ecosystem continues to be strong (an average of 1.65 million transactions per day, DeFi TVL is US$90 billion). Hemi is regarded as a "value bridge" connecting Bitcoin and Ethereum, and its strategic significance is recognized by investors - if implemented, it is expected to promote Bitcoin's transformation from "store of value" to "programmable financial assets", while supplementing Ethereum's security advantages. Challenges include the difficulty of technical implementation (cross-chain data synchronization, consensus compatibility), market competition (same programmable solutions) and regulatory uncertainty (cross-chain asset liquidity compliance risks). The token economic design revolves around ecological incentives: the total supply is 10 billion, 2.5 billion is used for pre-sales (1 ETH vs. 200,000 HEMI), 1 billion airdrops (100 pieces per person + invitation reward), and 80% of the funds are used for liquidity protection. In terms of development prospects, if Hemi successfully implements technology, it will reverse the current situation of Bitcoin's lack of presence in the DeFi field, stimulate native application development, become a key hub for cross-chain ecological collaboration, and unleash the potential of the two major blockchains. With the launch of mobile applications and DeFi wallets by the end of 2025, it may open a new chapter of blockchain's "cross-chain ecological collaboration". [Note⚠️, cryptocurrencies are high-risk investments, and you may lose all your principal. If you don’t understand, it is recommended not to participate. This video does not have any investment advice, it is shared only as information] #Hemi Latest News#Bitcoin Programmable Layer#Hemi #Bitcoin#Ethereum Ecosystem#Hemi Project Introduction#What is Hemi