Hemi

Hemi Network (HEMI) presents a compelling investment case as a modular Layer-2 unifying Bitcoin and Ethereum. The project achieves an impressive overall score driven by its exceptional Team and Governance (9.2/10) and Security (9/10) evaluations. Led by industry veteran Jeff Garzik, the project boasts high credibility and a novel technical architecture (Proof-of-Proof and hVM) that inherits Bitcoin's security. Development activity is consistent and innovative, solving genuine interoperability issues in the crowded L2 market. However, the investment thesis is tempered by Tokenomics (6.8/10); while the utility is clear, the high concentration of tokens (68%) held by the team and insiders raises centralization concerns. Additionally, while Community Support is numerically strong, the analysis highlights a reliance on 'mercenary' engagement via airdrop farming. Overall, Hemi is a technically superior project with strong institutional backing, offering a robust value proposition despite moderate risks regarding token distribution.