Hemi Labs, a modular blockchain supported by Binance Labs, has officially launched its mainnet, boasting a total value locked (TVL) of $440 million. Co-founded by early Bitcoin developer Jeff Garzik, Hemi aspires to merge Bitcoin and Ethereum into “a single supernetwork, ” leveraging Bitcoin’s security alongside Ethereum’s programmability. In September, the project secured $15 million in a funding round led by Binance Labs and is part of a growing number of initiatives focused on integrating Bitcoin into the decentralized finance (DeFi) space. Although Bitcoin is recognized as the largest store of value in the crypto market, it lacks built-in capabilities for smart contracts and zero-knowledge proofs, which are crucial for DeFi applications. Hemi addresses this gap by facilitating interoperability with Ethereum. An increasing number of protocols, including decentralized exchange (DEX) Sushi, liquid staking token pumpBTC, and oracle providers RedStone and Pyth, have committed to launching on Hemi. By enhancing connectivity between Bitcoin and Ethereum, Hemi aims to transform the broader blockchain ecosystem and create new opportunities for DeFi. With its mainnet now operational, Hemi joins the movement towards improved blockchain interoperability, striving to connect the two largest crypto networks in the world.