HEMI spiked to an intraday high of $0.17 on September 23 before settling around $0.14 at press time. Compared to its weekly low, the token is up 180%, and from its late August bottom, it has surged by more than 600%.
HEMI’s 24-hour trading volume also soared sevenfold, reaching nearly $420 million, far outpacing its market capitalization of $146.5 million at the time of reporting—signaling extremely strong buying demand from investors.
Binance Boost and Listings Across Major Exchanges
On September 23, Binance announced the listing of HEMI for spot trading, along with an airdrop of 1% of the maximum token supply (roughly 100 million HEMI). As the world’s largest cryptocurrency exchange by volume, Binance listings often drive major volatility and explosive trading activity.
Following Binance, HEMI was also quickly added to several other centralized exchanges such as Crypto.com and Bitget, further boosting community confidence and visibility.
This latest surge builds on HEMI’s strong momentum since its debut on Gate.io on September 19. On the weekly timeframe, the token is up more than 146%, supported by the rapid expansion of its DeFi ecosystem.
DeFi Ecosystem Expansion
According to the project’s official X account, as of September 23, the total value locked (TVL) in Hemi reached $1.2 billion. Its ecosystem now includes over 90 active protocols and more than 100,000 verified users.
Consistent user engagement and capital inflows are key indicators of a project’s sustainability, helping validate both the token’s core utility and the broader ecosystem. At the same time, HEMI briefly became the top trending token on CoinMarketCap, highlighting its growing retail traction.
HEMI Price Analysis
On the technical side, HEMI is trading well above its key moving averages. The token sits 100% higher than the 50-day SMA and 133% above the 100-day SMA.
However, with the RSI reading at 70, HEMI is in overbought territory, suggesting the potential for a short-term correction. Analysts point to strong support at $0.07 (50-day SMA), with immediate support at $0.10.
If bullish momentum continues, HEMI may retest its recent local high of $0.177. A decisive breakout above this level could pave the way toward the $0.20 psychological resistance, about 43% above the current price.
What is Hemi?
Hemi is a modular Layer-2 protocol that combines the security of Bitcoin with the flexibility of Ethereum. Built on the Hemi Virtual Machine (hVM), it integrates a full Bitcoin node within an EVM-compatible environment. This enables developers to build smart contracts that directly interact with Bitcoin data without relying on wrapped or synthetic assets.
The network uses a Proof-of-Proof (PoP) consensus model, anchoring its security to the Bitcoin blockchain while maintaining the speed and scalability of Ethereum-style execution. This design allows Hemi to deliver both deep settlement assurances and a scalable environment for decentralized applications (dApps).
The native token HEMI serves as the backbone of the ecosystem, used for staking, transaction fees, and governance.
