$SOMI As of February 24, 2026, Somnia (SOMI) is currently navigating a stabilization phase after a volatile start to the year. Positioned as a specialized Layer 1 for the "on-chain metaverse," it is currently fighting to reclaim its 2025 momentum.
1. Market Status (February 24, 2026)
Current Price: Approximately $0.19 – $0.21 (roughly 55 – 60 PKR).
24h Momentum: Up about +2.5% today, recovering from a recent dip to its February floor of $0.15.
Market Cap: Approximately $42 Million, ranking it around #410 globally.
Historical Context: SOMI is significantly down (approx. -90%) from its September 2025 all-time high of $1.92, reflecting a shift from early "airdrop hype" to actual ecosystem building.
2. Core Narrative: The High-Speed EVM
Somnia is not just another blockchain; it is engineered for mass-consumer applications like social media, gaming, and the metaverse.
Unrivaled Speed: In recent mainnet testing, Somnia achieved over 1 million transactions per second (TPS) with sub-second finality. It uses a custom database called IceDB to handle massive data loads in nanoseconds.
Interoperable Metaverse: The project aims to be the "connective tissue" for virtual worlds, allowing assets (NFTs, avatars) to move seamlessly between different metaverses.
Deflationary Tokenomics: SOMI has a capped supply of 1 Billion tokens. Crucially, 50% of all network gas fees are burned, creating a direct link between network usage and token scarcity.
Binance Influence: Since its launch on Binance HODLer Airdrops in late 2025, SOMI has maintained high retail visibility, though it has faced significant sell pressure from early airdrop recipients.
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