#Somnia @Somnia Official $SOMI
Here’s a summary of Somnia (SOMI) crypto — what it is, how it works, its key numbers, plus pros/risks. If you like, I can also check recent price charts and whether it might be a good buy in PKR or USD.
What is Somnia (SOMI)
Somnia is a Layer‑1 blockchain focused on high performance, scalability, and enabling real‑time, mass‑consumer applications: games, metaverse, social apps, etc.
Some of its technical / design features:
Fully EVM-compatible, so developers familiar with Ethereum tools can more easily port over or build smart contracts.
High throughput claims: >1,000,000 transactions per second (TPS) in certain test scenarios.
Sub‑second finality and low transaction fees.
Uses a consensus / architecture model called MultiStream consensus, plus a custom fast database “IceDB”, and advanced compression of data/signatures.
Tokenomics & Key Numbers
Here are some of the important figures and how the SOMI token works:
ParameterValue / DetailsMax / Total Supply1,000,000,000 SOMI Circulating Supply (at launch / listing)~ 160,200,000 SOMI (~16%) Token UsesGas / transaction fees, staking (validators must stake large amounts), delegated staking (holders can delegate), governance. Fee Burning50% of transaction (gas) fees are burned to reduce supply over time (deflationary mechanism) ValidatorsTo run a validator node, requirement is staking 5 million SOMI.
Recent & Notable Events
Somnia mainnet launched September 2, 2025.
Before that, a testnet over ~6 months that processed over 10 billion transactions, onboarding many wallets.
Backing and funding: investors include SoftBank Vision Fund 2, a16z, etc.
Airdrop & listing promotions: 3% of total supply was allocated for a “HODLer Airdrop” by Binance.
Price & Market Data
Price (USD) is fluctuating; at one snapshot it was around $0.43‑$0.68 depending on source / time.
SOMI to PKR (Pakistani Rupee) — ~ ₨ 145.91 for 1 SOMI at the time of one data point.
Market cap (with circulating supply) is tens to a couple of hundred million USD.
