- HEMI has exceeded $ 265 million in total blocked value (TVL), surpassing Bitcoin L2s such as batteries ($ 98 million) and Bob ($ 242 million) before its early Mainnet launch in the first quarter of 2025.
- Early TVL includes 2,686 BTC and 3,207 ETH, with liquidity that flows from the main protocols such as Exsat, Kelp, B2 and Lorenzo.
HemiA Bitcoin layer 2 protocol co -founded by early bitcoin core developer Jeff Garzik and blockchain security expert Max SánchezIt has reported a total locked value (TVL) of more than $ 265 million ahead of its main launch in the first quarter of 2025. This substantial influx positions HEMI before the established solutions of Bitcoin L2 such as batteries, which currently owns a TVL of $ 98 millionand Bob, with a surrounding TVL $ 242 million.
The deposits reported in the Private Network of HEMI include 2,686 BTC and 3,207 ETH, which reflects the significant institutional liquidity entries of the main protocols. This early impulse shows strong confidence in the HEMI approach for the compatibility of the cross chain, particularly its integration of Bitcoin and Ethereum ecosystems.
Hemi bitcoin L2
Bitcoin’s scalability challenges have long been a focal point for developers and investors. Layer 2 solutions have emerged as fundamental to addressing these problems by allowing faster and more profitable transactions. HEMI is distinguished in this space through its modular design, with the aim of improving the scale, security and interoperability between Bitcoin and Ethereum.
Cofundado by Jeff Garzik, a remarkable figure in the cryptocurrency community, Hemi takes advantage of a new consensus mechanism “Pop)” Pop). This approach improves security by anchoring Bitcoin’s work test, while facilitating advanced interoperability with the Ethereum network. The integration of a complete bitcoin node within a Virtual Machine Ethereum environment (EVM) allows developers to take advantage of the strengths of both networks using family tools.
Last year, Hemi Labs, the company that develops Hemi Blockchain Network, Raised $ 15 million In a financing round directed by Binance Labs, Breyer Capital, and Great brain holdings.
HEMI VS. Existing Bitcoin L2 solutions
The Bitcoin L2 landscape presents several prominent protocols, each with unique approaches to scalability and functionality:
Network Lightning: A payment protocol based on the Bitcoin block chain, the Lightning Network allows rapid transactions between the participating nodes and has been proposed as a solution to Bitcoin’s scalability problem.
Pilas: Released in 2018, Stacks extends Bitcoin’s functionality by introducing intelligent contracts, decentralized finance (defi), non -fungible tokens (NFT) and decentralized applications (DAPPS). It works as a layer for bitcoin, preserving privacy and internet safety.
Root (RSK): Established in 2018, Rootstock is the first and largest Bitcoin Sidechin, which combines Bitcoin’s work test security with Ethereum’s smart contract capabilities. Use a bidirectional PEG without confidence to convert Bitcoin (BTC) into RBTC for the smart contract and DAPP interaction.
The HEMI reported TVL of more than $ 265 million not only exceeds the batteries and bob, but also reflects a broader trend of growing investment and interest in Bitcoin L2 solutions.
As of February 13, 2025, it reached TVL through Bitcoin Layer 2 and Sidechains $ 2,236 billionMarking an increase of 11.7x since January 1, 2024 and 37.74x since January 1, 2023.
Institutional trust and cross -chain integration
Early substantial deposits in the PRIVATE MAIN NETWORK OF HEMI indicate strong institutional confidence in its cross -chain approach. By facilitating perfect interoperability between Bitcoin and Ethereum, HEMI aims to unlock new possibilities in decentralized finances and other blockchain applications.
The HEMI architecture allows the deployment of dexes and loan protocols, which provides liquidity for trade, loans, bets and performance agriculture in both ecosystems. This positions Hemi as a versatile platform capable of supporting a wide range of financial activities.
The potential impact of hemi on the cryptographic ecosystem
As HEMI approaches its main launch, its impressive early TVL and its innovative design could play an important role in the evolutionary panorama of Bitcoin L2. When addressing the scalability and interoperability challenges, HEMI has the potential to improve the utility and accessibility of Bitcoin and Ethereum networks.
The success of HEMI and similar protocols can also influence broader trends in the cryptocurrency industry, including the greatest institutional participation and the development of more integrated financial products. As the ecosystem continues to mature, it is likely that the gaps between the main block chains are fundamental to boost the next wave of innovation and adoption.
In general, the hemi approach in the modularity, safety and functionality of the cross chain is well positioned to meet the growing demands of users and institutions that seek efficient and interoperable blockchain solutions.
Also read: What are Blockchain bridges and why are crucial for the adoption of generalized blockchain?
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