<\/p>\n
Following a quiet launch, the Bitcoin-based protocol\u2019s token has exploded over the last week, culminating in a Binance listing today.<\/p>\n
Bitcoin programmability layer Hemi launched its eponymous token at the end of August, and after a quiet start, HEMI has soared over the last two weeks.<\/p>\n
HEMI is up 250% <\/a>over the last week, and 52% today. The token currently changes hands at $0.135 per token, but reached as high as $0.175, or roughly a $1.7 billion fully diluted valuation (FDV) on the news of its Binance spot listing<\/a> earlier this morning.<\/p>\n \u201cThey [Binance] have a number of different products, not just the spot market listing, that HEMI is going to be connected to – Perps, Binance Alpha, Binance Booster, Binance Wallet – and so Binance really has an incredibly broad ecosystem\u2026it gives HEMI a worldwide reach that is absolutely unparalleled,\u201d said Hemi co-founder Jeff Garzik, who is known for his role as one of the early Bitcoin core contributors.<\/p>\n The network operates on its Hemi Virtual Machine (hVM), which is a Bitcoin node encapsulated within an Ethereum Virtual Machine (EVM), and aims to provide a new landscape for BTC DeFi applications. <\/p>\n While the network boasts a total value locked (TVL) of $1.2 billion, its DeFi TVL is $279 million<\/a>, making it the second-largest Bitcoin sidechain<\/a> by DeFi TVL, trailing only CORE with its $289 million.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":" Following a quiet launch, the Bitcoin-based protocol\u2019s token has exploded over the last week, culminating in a Binance listing today. Bitcoin programmability layer Hemi launched its eponymous token at the end of August, and after a quiet start, HEMI has soared over the last two weeks. HEMI is up 250% over the last week, and […]<\/p>\n","protected":false},"author":2,"featured_media":406047,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[274,273,272,244,266,271,268,270,269,267],"class_list":["post-406046","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-de-fi","tag-crypto-finance","tag-decentralized-finance","tag-liquidity","tag-metamask","tag-pancake","tag-slippage","tag-sushiswap","tag-tronlink","tag-trust-wallet","tag-uniswap"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/406046","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=406046"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/406046\/revisions"}],"predecessor-version":[{"id":406048,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/406046\/revisions\/406048"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/406047"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=406046"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=406046"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=406046"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}