The post HEMI Rallies More than 200% Ahead of Binance Listing appeared com. Following a quiet launch, the Bitcoin-based protocols 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 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 earlier this morning. HEMI Chart CoinGecko They [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. it gives HEMI a worldwide reach that is absolutely unparalleled, said Hemi co-founder Jeff Garzik, who is known for his role as one of the early Bitcoin core contributors. 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. While the network boasts a total value locked (TVL) of $1. 2 billion, its DeFi TVL is $279 million, making it the second-largest Bitcoin sidechain by DeFi TVL, trailing only CORE with its $289 million. Source:.