Hemi’s Initial TVL Surpasses $265 Million Ahead of Mainnet Launch

As Mainnet gets ever closer, early TVL deposits hint at what’s in store

Congrats! If you’re here, this means that you are among the first to discover a quiet movement afoot in the Layer-2 arena. 

As you can see via the Hemi Explorer, liquidity is flowing steadily onto Hemi’s private mainnet, with the following transferred so far:

• 1,411 iBTC

• 300 uBTC

• 975 enzoBTC

• 3,207 rsETH

As of this writing, this represents $260 million in total value locked (TVL) via multiple partners including exSat, Kelp, B2, and Lorenzo.

This TVL will be deployed onto Hemi’s DEXes and lending protocols to provide Day One liquidity to facilitate trading, borrowing, staking, and yield farming for popular assets across the Bitcoin and Ethereum ecosystems.

Such an influx of liquidity reflects strong confidence in Hemi’s approach to cross-chain compatibility and solidifies the network’s place among major L2s before its mainnet launch, currently anticipated for Q1-2025. 

This is on top of the dozens of protocols that have already announced their desire to work together to make Hemi the ultimate Bitcoin- and Ethereum-integrated DeFi ecosystem, with many more on the way.

Join our Discord and follow us on X for updates, especially as we get ever closer to Mainnet.