😍😍😍SOMI has increased significantly, nearly tripling in value. Let me share my perspective on the price increase of the SOMI token (Somnia Network).
SOMI is the native token of Somnia Network, a Layer 1 blockchain specifically designed for high-speed applications such as gaming, metaverse, social, and DeFi.
Tokenomics: Total supply of 1 billion SOMI, with 16% (160 million) initially in circulation. The mechanism of burning 50% of gas fees helps SOMI become a deflationary token. A large allocation for the community (55%) and a vesting mechanism (gradual unlocking) helps distribute tokens fairly and minimize sell pressure.
Mainnet Launch and Airdrop (02/09/2025): The official mainnet launch event after 18 months of development has demonstrated Somnia's ability to handle real transaction processing. Along with this, the airdrop of 5% of the total supply for testnet users and 3% from the Binance HODLer Airdrop.
Listing on Major Exchanges (25/08 - 03/09/2025): The listing on major exchanges like Binance and Bybit has allowed SOMI to reach a large number of investors. Campaigns such as Binance Futures listing and Bybit Token Splash have increased trading volume to hundreds of millions of dollars, attracting both retail and institutional investors.
In summary, the recent price surge of SOMI is quite impressive and it is listed on major exchanges, along with strong interest from the community. However, risk management and self-research (DYOR - Do Your Own Research) remain essential due to the high volatility of the market.
