Hemi
HEMIA modular L2 protocol merging Bitcoin security with Ethereum programmability
Performances
RD Popularity Index
RD Growth Index
| 1h | 24h | 7d | 30d | 60d | 90d |
|---|---|---|---|---|---|
| 0.67% | 2.83% | 14.36% | 22.73% | 41.89% | 17.73% |
Comparison
Tokenomics
Unlock Progress
Data source: CoinMarketCap
Top Holders
| Address | Token | Quantity | Percentage | Value |
|---|---|---|---|---|
| 0x5eaa...191e |   HEMI | 8,031,234,442.89 | 80.31% | $40.21M |
| Binance 8 (acec) | HEMI | 484,678,724 | 4.85% | $2.42M |
| 0x200d...add1 | HEMI | 445,789,036.37 | 4.46% | $2.23M |
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About Hemi
Hemi, a modular Layer 2 network unifying Bitcoin and Ethereum, was co-founded by former Bitcoin core developer Jeff Garzik and Proof-of-Proof inventor Maxwell Sanchez. Its mainnet launched on March 12, 2025, following a record-breaking testnet phase with over $300 million in TVL. The project completed two funding rounds totaling $30 million: a $15 million seed round in September 2024 led by Binance Labs, Breyer Capital, and Big Brain Holdings, and another $15 million in August 2025 led by YZi Labs, Republic Digital, and HyperChain Capital. On August 29, 2025, HEMI was listed on Binance Alpha and Binance Futures, marking its entry into major exchange channels. The HEMI Genesis Airdrop check opened shortly after, distributing tokens to early community members. A pivotal milestone came on September 23, 2025, when Binance launched the HODLer airdrop for HEMI and opened spot trading, driving the token price from $0.0148 to $0.12 within 30 days (a 710% surge). The same period saw HEMI's spot listing on Bithumb (KRW pair) and perpetual contracts on Hyperliquid and Bitget. By late September 2025, Hemi's network TVL exceeded $1.2 billion, with 6.9 million Bitcoin-secured transactions, 411,000 community members, and over 90 ecosystem protocols. These milestones underscore Hemi's progress toward becoming a leading Bitcoin programmability layer.
Positive: In August, the sequencer crash vulnerability was fixed; Endless Domains decentralized identity was integrated in late July; Arcade rewards and a veHEMI staking preview were announced in August, with stakers earning protocol fees; BTCS committed 50-100 BTC for liquidity; network TVL exceeded $300M.
Negative: Late August token unlocks created dilution pressure; on September 7, the Genesis Drop suffered a reentrancy attack, draining ~124.5M tokens and harming unclaimed users.
Hemi's core leadership team includes:
Jeff Garzik (Co-Founder & CEO): A pioneer in blockchain, Jeff was an early Bitcoin Core developer for 5 years and spent a decade shaping the Linux kernel. He previously co-founded Bloq and brings deep expertise in protocol engineering.
Maxwell Sanchez (Co-Founder & CTO): Specializing in blockchain infrastructure and cryptographic protocols, Max co-founded VeriBlock and led the development of Hemi's Proof-of-Proof consensus mechanism, which anchors Bitcoin security to the network.
Matt Lam (COO): With a background in operations and business development, Matt aligns strategic initiatives and has been instrumental in Hemi's growth since its inception.
John C. Vernaleo (Chief Engineer): An experienced engineer with over 23 years in software development, John has worked on Linux/BSD systems, high-performance computing, and data visualization. He joined Hemi in 2024 to drive technical architecture.