What Is Somnia (SOMI)?
Somnia is an EVM-compatible Layer 1 blockchain engineered for ultra-high throughput and extremely low latency, aiming to support applications that require Web₂-level responsiveness—but with Web₃’s decentralization:
It has demonstrated the ability to process over 1 million transactions per second (TPS) in testing, with sub-second finality, and minimal fees .
Somnia achieves this performance through four key innovations:
MultiStream Consensus — parallel processing via validator-specific data chains, enabling concurrent transaction handling .
IceDB is a database designed specifically for predictable performance and read/write speeds of nanoseconds. Compiled EVM Execution — smart contracts are compiled into efficient machine code for near-native speed .
Advanced Data Compression — reduces network data load, boosting throughput
Specific Features and Use Cases Real-time mass-consumer apps: Built for large-scale gaming, interactive metaverse experiences, on-chain social apps, and high-frequency DeFi systems—all running fully on-chain .
EVM compatibility: Developers can use Ethereum tools like Solidity and Hardhat, facilitating easy migration and integration .
Deflationary tokenomics:
The SOMI token has a max supply of 1 billion .
50 % of transaction fees are burned, creating a deflationary effect .
Distribution includes allocations for community incentives, ecosystem, investors, team, and advisors .
Staking & Governance: Validators must stake 5 million SOMI to participate, and holders can also engage in governance decisions as the network evolves
Recent Changes and Momentum Mainnet Launch: Somnia went live around September 2, 2025, and saw immediate traction—including bridging via Stargate and staking becoming available .
Price & Volume Surge:
SOMI spiked 300 % post-launch, even achieving an over 60 % overnight increase, with trading volume exceeding the market cap multiple times .
It hit an all-time high of $1.84 on September 7, later retreating to around $1.60 .
