HEMI achieves TVL of $1.2 billion, expands the Bitcoin-EVM ecosystem
HEMI currently has a total value locked (TVL) of about $1.2 billion with more than 70 protocol partners. The project has also raised $30 million from YZi Labs, further advancing its direction of connecting the Bitcoin ecosystem with the EVM environment.
Pressure from the token unlock event
Alongside the ecosystem’s growth momentum, HEMI is facing supply pressure as approximately 337 million tokens are expected to be unlocked on August 29, equivalent to 2.26% of the total supply.
Technically, HEMI’s RSI has fallen from 87 to 66 after a period of strong上涨 (surge). While it is still above the neutral threshold of 50, the decline in RSI indicates that upward momentum has cooled and the market may face the possibility of a short-term correction.
HEMI currently has a total value locked (TVL) of about $1.2 billion with more than 70 protocol partners. The project has also raised $30 million from YZi Labs, further advancing its direction of connecting the Bitcoin ecosystem with the EVM environment.
Pressure from the token unlock event
Alongside the ecosystem’s growth momentum, HEMI is facing supply pressure as approximately 337 million tokens are expected to be unlocked on August 29, equivalent to 2.26% of the total supply.
Technically, HEMI’s RSI has fallen from 87 to 66 after a period of strong上涨 (surge). While it is still above the neutral threshold of 50, the decline in RSI indicates that upward momentum has cooled and the market may face the possibility of a short-term correction.