Hemi

Hemi generated $73.6K in gross revenue from Sep 2024 to Mar 2026 (564 days), with $73.6K retained as net revenue. Its primary token utilities include Network Security, Staking Rewards, and Vote Escrow.

This averages $$131 in daily gross revenue across the tracked period.

HEMI accrues value through 3 mechanisms: Buyback & Burn, Buyback & Redistribute, and Direct Revenue Share.

• Buyback & Burn: In Stage 1, 98,216.75 HEMI was purchased with transaction fee revenue and burned, establishing an active fees-to-HEMI-burn mechanic.
• Buyback & Redistribute: Transaction fee revenue is used to purchase HEMI tokens, which are then distributed as yield to veHEMI stakers (100,320.69 HEMI in Stage 1).
• Direct Revenue Share: Protocol fees are also converted into hemiBTC (0.2445 hemiBTC in Stage 1) and distributed directly to veHEMI stakers as non-HEMI yield.

Yes, Hemi burns HEMI tokens via Buyback & Burn, Buyback & Redistribute.

HEMI serves 3 primary functions within the Hemi ecosystem: Network Security, Staking Rewards, and Vote Escrow. The protocol generates fees from user activity. Value flows back to token holders through Buyback & Burn, Buyback & Redistribute, and Direct Revenue Share.

Token utilities:

• Network Security: Validators and publishers stake HEMI tokens as part of Hemi's hybrid consensus system (PoS + PoP), serving as economic insurance against malicious behavior and anchoring network state to Bitcoin.
• Staking Rewards: veHEMI stakers earn yield based on lockup duration: ~3.93% (6-month) to ~42.22% (48-month). Stage 1 of the economic model allocated 100,320.69 HEMI and 0.2445 hemiBTC derived from transaction fees to veHEMI stakers.
• Vote Escrow: The veHEMI system requires locking HEMI for a chosen period (6–48 months) to gain voting power; longer locks yield proportionally greater governance weight over protocol parameters and treasury allocation.

Value accrual mechanisms:

• Buyback & Burn: In Stage 1, 98,216.75 HEMI was purchased with transaction fee revenue and burned, establishing an active fees-to-HEMI-burn mechanic.
• Buyback & Redistribute: Transaction fee revenue is used to purchase HEMI tokens, which are then distributed as yield to veHEMI stakers (100,320.69 HEMI in Stage 1).
• Direct Revenue Share: Protocol fees are also converted into hemiBTC (0.2445 hemiBTC in Stage 1) and distributed directly to veHEMI stakers as non-HEMI yield.

In 2026, Hemi generated $4.6K in gross revenue. Of that, $4.6K was retained as protocol revenue (treasury).

Year-by-year revenue breakdown:

• 2026: $4.6K gross revenue — $4.6K to protocol
• 2025: $68.8K gross revenue — $68.8K to protocol
• 2024: $218 gross revenue — $218 to protocol

Hemi's gross revenue has decreased by 82.2% over the past 90 days compared to the prior 90-day period, from $27.0K to $4.8K.

• Recent 90d daily average: $55/day
• Prior 90d daily average: $300/day