Somnia Coin (abbreviated as SOMI) is a new cryptocurrency launched in September 2025, which is tied to a blockchain called "Somnia". In simple terms, its main selling point is "speed"—it claims to solve issues of lag when playing on-chain games and engaging in virtual social interactions. With the backing of a UK company called Improbable, it became popular quickly after its launch, but it also encountered several problems shortly thereafter.

First, let's talk about its "confidence". The Somnia blockchain is designed to achieve "processing millions of transactions per second" (known as TPS in the industry), which is much faster than many older blockchains, and it can also be compatible with existing blockchain applications, making it easier for developers to migrate. The total supply of SOMI coins is fixed at 1 billion; when you spend money on the chain (paying transaction fees), half of the fees will be directly "burned"—the more that is burned, the fewer remain, theoretically making the remaining coins more valuable. Currently, about 160 million are in circulation, mainly used for paying transaction fees, earning interest (called "staking"), and later voting on the rules of the chain.

The market performance is also quite typical: when it first launched, it peaked at $1.9, but later dropped due to controversies and is now stable at around $0.8, available for purchase on major platforms like Binance, with a circulating value of approximately $133 million.

It currently has over 70 projects in its "circle of friends", primarily focused on on-chain games, and has partnered with major companies like Google Cloud and LayerZero— the former helps enhance its stability, while the latter assists in connecting with other blockchains for easier cross-platform asset transfers.

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